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Worcester
7 Melba Avenue
$349,500
● House - Off Market

7 Melba Avenue

Auburn, MA 01501
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,329 Ft²
$356,835
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Showings start immediately.  H&B offers due by Nov 17th at 5PM.  3 bedroom Colonial in desirable Auburn. Hardwood floors can be found throughout. 2 Fireplaces!  One in the living room and one in a bonus family room in lower level. Fenced yard! Convenient 1 car garage attached. 1.5 bath.  A family will enjoy the space this property offers. Eat in kitchen with a DR area that offers a sliding door leading to a nice size deck.  Ready for a buyer to make their own.  Great side street in Auburn close to MA pike and all major roads and shopping.
Unit Size
1,329 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$248
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #72919456)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Nov 12, 2021 Listed by Emerson REALTORS® $329,900
Listed by Emerson REALTORS®
Dec 1, 2006 Sold
Premium
Sold
Jun 27, 1997 Sold
Premium
Sold
Apr 4, 1997 Listed by Emerson REALTORS® $139,900
Listed by Emerson REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,160
  • Total Building Area: 1,329
  • Gross Building Area: 2,441
  • Building Area: 1,329
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,329
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000325
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736100

Geography

  • Account Number: 4606
  • District: 17
  • Parcel: AUBU M:0048 L:0128
  • Lot: 128
  • Municipality: AUBURN
  • Latitude: 42.1923
  • Longitude: -71.8487

    Address

  • Full Address: 7 Melba Ave
  • Address - House Number: 7
  • Address - Street Name: Melba
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Auburn
  • Carrier Code: C005
  • 4-Digit Zip Code: 1907
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $398,600

    Appraisal Valuation

  • Standard Deviation: 0.1945
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 397,483
  • High Value: 474,795
  • Low Value: 320,171

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $267,000
  • Assessed Land Value: $110,300
  • Assessed Improvements Value: $156,700

    Sales

  • Current Sale Contract Date: Jan 14, 2022
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5531
  • Previous Sale Recording Date: Dec 01, 2006
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2391 ft²

Average Home Age

63.8 years

Currently For Sale

2099 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72919456

Frequently Asked Questions

When was property at 7 Melba Avenue built and last sold?
The property at 7 Melba Avenue was built in 1955 and last sold on Jan 14, 2022 for $349,500.
How much is this home worth?
The estimated value of the home located at 7 Melba Avenue is $329,079.
What are some comparable homes to 7 Melba Avenue?
There are currently no comparable homes to 7 Melba Avenue.
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