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Melrose 02176 Melrose Highlands
85 Richardson Road
Photo of 85 Richardson Road
Sold on Sep 29, 2005

1

Map

$730,000
● House - Off Market

85 Richardson Road

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,640 Ft²
$1,318,616
RealtyHop Estimate
75.84%
Since Oct 1, 2005
MA-Boston
Primary Model

About This Property

Gracious Victorian beautifully renovated.  "A new house in old house clothing."  Oval shaped living room, fireplaced foyer with tin ceiling, formal dining room with leaded glass, beautiful woodwork, very large kitchen with granite countertops and pantry, large glass pocket door, master bedroom size includes dressing room and cedar closet, 3rd floor guest suite or master suite, beautiful landscaping and much more.  Lovely neighborhood close to transportation. Shown by appointment only.
Unit Size
2,640 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$284
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1900

Payment Calculator

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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 #70214746)

Price History

Date / Event Date Event Price
Sep 29, 2005 Sold
Premium
Sold
Jun 23, 2005 Listed $749,900
Listed
Dec 13, 2000 Sold
Premium
Sold
Oct 19, 2000 Listed $389,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 23
  • 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: 1,414
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,230
  • Total Building Area: 3,254
  • Gross Building Area: 5,938
  • Building Area: 3,254
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,254
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000212
  • 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:0111112
  • Municipality: MELROSE
  • Latitude: 42.4715
  • Longitude: -71.0663

    Address

  • Full Address: 85 Richardson Rd
  • Address - House Number: 85
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C021
  • 4-Digit Zip Code: 1243
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,285,700

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 1,390,901
  • High Value: 1,606,522
  • Low Value: 1,175,280

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,294,800
  • Assessed Land Value: $523,000
  • Assessed Improvements Value: $771,800

    Sales

  • Current Sale Recording Date: Sep 29, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00216796
  • Previous Sale Recording Date: Dec 13, 2000
  • Previous Sale Amount: $400,000
  • 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

3139 ft²

Average Home Age

85.6 years

Currently For Sale

5 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: 4 months ago
Data Source: MLS PIN, MLS# 70214746

Frequently Asked Questions

When was property at 85 Richardson Road built and last sold?
The property at 85 Richardson Road was built in 1900 and last sold on Jan 1, 1970 for $730,000.
How much is this home worth?
The estimated value of the home located at 85 Richardson Road is $768,144.
What are some comparable homes to 85 Richardson Road?
There are currently no comparable homes to 85 Richardson Road.
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