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Melrose 02176 Melrose East Side
79 Forest Street
$408,500
● House - Off Market

79 Forest Street

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,740 Ft²
$874,064
RealtyHop Estimate
108.16%
Since Jan 1, 2013
MA-Boston
Primary Model

About This Property

Finally, a house that checks all the boxes!  This immaculate colonial is on a quiet side street, has a nice large level backyard, four "real" bedrooms, 2 full baths, granite kitchen and is move in ready. Versatile floor plan allows for 4th bed on the 1st fl or use as family room. Good flow makes entertaining this holiday season a breeze. 2nd fl addition was done in 1996. Conveniently located close to schools, parks and public trans. This well maintained home is the one you have been waiting for!
Unit Size
1,740 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$241
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1950

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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 #71452908)

Price History

Date / Event Date Event Price
Dec 7, 2012 Sold
Premium
Sold
Oct 31, 2012 Listed by RE/MAX Heritage, LLC $419,900
Listed by RE/MAX Heritage, LLC
Aug 2, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 870
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,941
  • Total Building Area: 1,740
  • Gross Building Area: 3,850
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000182
  • 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: 336300

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0E3 P:0000085
  • Municipality: MELROSE
  • Latitude: 42.4439
  • Longitude: -71.0542

    Address

  • Full Address: 79 Forest St
  • Address - House Number: 79
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C018
  • 4-Digit Zip Code: 6307
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $722,800

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 815,185
  • High Value: 956,803
  • Low Value: 673,566

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $727,900
  • Assessed Land Value: $404,300
  • Assessed Improvements Value: $323,600

    Sales

  • Current Sale Recording Date: Dec 07, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000026
  • Previous Sale Recording Date: Aug 02, 1994
  • Previous Sale Amount: $130,000
  • 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 East Side

Stats & Trends

Median Asking:

$949,950

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2066 ft²

Average Home Age

90.1 years

Currently For Sale

12 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

Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71452908

Frequently Asked Questions

When was property at 79 Forest Street built and last sold?
The property at 79 Forest Street was built in 1950 and last sold on Jan 1, 1970 for $408,500.
How much is this home worth?
The estimated value of the home located at 79 Forest Street is $443,769.
What are some comparable homes to 79 Forest Street?
There are currently no comparable homes to 79 Forest Street.
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