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Melrose 02176 Cedar Park
81 Prospect St.
Photo of 81 Prospect St.
Sold on Jun 23, 2010

1

Map

$435,000
● House - Off Market

81 Prospect St.

Melrose, MA 02176
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,957 Ft²
$907,055
RealtyHop Estimate
101.57%
Since Jul 1, 2010
MA-Boston
Primary Model

About This Property

Needs work, but worth it! Nearly 3000sf of 9.5-foot ceilings stacked 4 stories high, Harry Potter style, this towering 1893 New Orleans Victorian was MADE for entertaining. Legal 2-family. 2 huge main living levels, working pocket drs, 5 BRs + extras, grand staircase, orig tile FP, picture frame mldgs, party porch, magical nooks & crannies. Needs repairs & updates.Good-sized level yard, great street, 2c garage, views thru tall windows of nearby Fells. Walk to train, shops, libe.
Unit Size
2,957 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$152
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1893

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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: 2 years ago (MLSPIN #71039284)

Price History

Date / Event Date Event Price
Jun 24, 2010 Sold
Premium
Sold
Mar 1, 2010 Listed $450,000
Listed
Jul 25, 2003 Sold
Premium
Sold
Dec 3, 2002 Listed $520,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 8
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,049
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,701
  • Total Building Area: 2,906
  • Gross Building Area: 5,502
  • Building Area: 2,906
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,906
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE & STONEHAM
  • Land Acres: 0000000177
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

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

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0A8 P:0000041
  • Municipality: MELROSE
  • Latitude: 42.4582
  • Longitude: -71.0797

    Address

  • Full Address: 81 Prospect St
  • Address - House Number: 81
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C014
  • 4-Digit Zip Code: 3000
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $764,800

    Appraisal Valuation

  • Standard Deviation: 0.2318
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 918,004
  • High Value: 1,130,867
  • Low Value: 705,141

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $770,200
  • Assessed Land Value: $411,600
  • Assessed Improvements Value: $358,600

    Sales

  • Current Sale Recording Date: Jun 24, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00102651
  • Previous Sale Recording Date: Jul 25, 2003
  • Previous Sale Amount: $520,000
  • 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 Cedar Park

Stats & Trends

Median Asking:

$799,900

Sale Price/ft²

$472

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1293 ft²

Average Home Age

122 years

Currently For Sale

7 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71039284

Frequently Asked Questions

When was property at 81 Prospect Street built and last sold?
The property at 81 Prospect Street was built in 1893 and last sold on Jan 1, 1970 for $435,000.
How much is this home worth?
The estimated value of the home located at 81 Prospect Street is $454,922.
What are some comparable homes to 81 Prospect Street?
There are currently no comparable homes to 81 Prospect Street.
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