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Melrose 02176 Melrose East Side
80 Laurel Street
$523,500
● House - Off Market

80 Laurel Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,267 Ft²
$723,267
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

CONTRACTORS DREAM!  This once elegant home is in need of a great deal of restoration or renovation but is in a great neighborhood near the common on a 17,159 square feet of land.  Looking in and out you can see that this is a fine quality built home with great style. This is an estate sale so we have little or no knowledge about the house.  Property to be sold strictly as is.
Unit Size
2,267 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$199
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
2018

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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 #72066644)

Price History

Date / Event Date Event Price
May 6, 2021 Sold
Premium
Sold
Mar 13, 2017 Sold
Premium
Sold
Sep 13, 2016 Listed by Brad Hutchinson Real Estate $450,000
Listed by Brad Hutchinson Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,432
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,581
  • Total Building Area: 4,153
  • Gross Building Area: 4,594
  • Building Area: 4,153
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 4,153
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000197
  • 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:0E7 P:0000067
  • Municipality: MELROSE
  • Latitude: 42.4553
  • Longitude: -71.0551

    Address

  • Full Address: 80 Laurel St
  • Address - House Number: 80
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C037
  • 4-Digit Zip Code: 4039
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,379,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,426,962
  • High Value: 1,677,011
  • Low Value: 1,176,914

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,389,300
  • Assessed Land Value: $435,100
  • Assessed Improvements Value: $954,200

    Sales

  • Current Sale Contract Date: May 05, 2021
  • Current Sale Recording Date: May 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1879090
  • Previous Sale Recording Date: Mar 13, 2017
  • Previous Sale Contract Date: Feb 17, 2017
  • Previous Sale Amount: $523,500
  • Previous Sale Document Type: O
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72066644

Frequently Asked Questions

When was property at 80 Laurel Street built and last sold?
The property at 80 Laurel Street was built in 2018 and last sold on May 5, 2021 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 80 Laurel Street is $496,497.
What are some comparable homes to 80 Laurel Street?
There are currently no comparable homes to 80 Laurel Street.
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