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Melrose 02176 Melrose Highlands
73 Nowell Road
Photo of 73 Nowell Road
Sold on Jan 26, 2010

1

Map

$454,000
● House - Off Market

73 Nowell Road

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,928 Ft²
$972,375
RealtyHop Estimate
111.43%
Since Feb 1, 2010
MA-Boston
Primary Model

About This Property

Very hard to find Arts and Crafts Bungalow located on beautiful tree lined street in desired Melrose Highlands. LR features fireplace with marble hearth.  Formal DR & LR w/ vintage 3/4 wood walls and crown moldings.  Fully applianced kitchen has Teak cabinets and Corian counters. 1st floor familyroom w/ french doors from LR.  Enclosed second floor porch can be accessed from 2 different bedrooms.  LL has 2nd fireplace for future possibilities.  Great yard and garage. Call office for showings
Unit Size
1,928 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$239
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1920

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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: 4 months ago (MLSPIN #71003264)

Price History

Date / Event Date Event Price
Jan 26, 2010 Sold
Premium
Sold
Nov 19, 2009 Listed $459,900
Listed
Nov 22, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,836
  • Total Building Area: 1,928
  • Gross Building Area: 2,808
  • Building Area: 1,928
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,928
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Melrose School District
  • School Tax School District: MELROSE SD
  • Census Tract: 336100

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:C13 P:0000093
  • Municipality: MELROSE
  • Latitude: 42.4716
  • Longitude: -71.0638

    Address

  • Full Address: 73 Nowell Rd
  • Address - House Number: 73
  • Address - Street Name: Nowell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C035
  • 4-Digit Zip Code: 1216
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $784,800

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 851,543
  • High Value: 990,000
  • Low Value: 713,086

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $790,300
  • Assessed Land Value: $515,200
  • Assessed Improvements Value: $275,100

    Sales

  • Current Sale Recording Date: Jan 26, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00014614
  • Previous Sale Recording Date: Nov 22, 1991
  • Previous Sale Amount: $189,000
  • 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 Melrose Highlands

Stats & Trends

Median Asking:

$739,450

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3044 ft²

Average Home Age

62.8 years

Currently For Sale

4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71003264

Frequently Asked Questions

When was property at 73 Nowell Road built and last sold?
The property at 73 Nowell Road was built in 1920 and last sold on Jan 1, 1970 for $454,000.
How much is this home worth?
The estimated value of the home located at 73 Nowell Road is $474,596.
What are some comparable homes to 73 Nowell Road?
There are currently no comparable homes to 73 Nowell Road.
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