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Melrose 02176 Oak Grove - Pine Banks
86 Derby Rd
$650,000
● House - Off Market

86 Derby Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,526 Ft²
$748,410
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Wonderful location!  Move in ready, ranch style home. With bright spacious rooms.  Wide open living room and dining room space, beautiful hardwood floors throughout.  Granite countertops, ceramic tile and new appliances in the kitchen. Roof is very recently done. Quiet ,one way residential side street, but close to everything! Public transportation, shops and schools all very close by. Close to both Pine Banks and the Fells Reservation for hiking or walking trails.  Large side yard, perfect for outdoor entertaining. The basement is ready to be finished for adding on that extra rec room or home office, with possibilities  to open up a one car garage space.  Don't miss this gem! OPEN HOUSE SCHEDULED FOR 05/19/2021 HAS BEEN CANCELLED. OFFERS DUE BY 4:30 PM ON 05/19/2021
Unit Size
1,526 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$426
Property Type
House
Property Taxes
$432
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: 5 years ago (MLSPIN #72832126)

Price History

Date / Event Date Event Price
Jun 29, 2021 Sold
Premium
Sold
May 14, 2021 Listed by Leading Edge Real Estate $649,900
Listed by Leading Edge Real Estate
Jan 25, 1991 Sold
Premium
Sold
Jun 30, 1987 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,526
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,102
  • Total Building Area: 1,526
  • Gross Building Area: 3,209
  • Building Area: 1,526
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,526
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 7633B
  • Land Acres: 0000000186
  • 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: 336403

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0B4 P:0096-97
  • Municipality: MELROSE
  • Latitude: 42.4464
  • Longitude: -71.0696

    Address

  • Full Address: 86 Derby Rd
  • Address - House Number: 86
  • Address - Street Name: Derby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5218
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $643,800

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 752,023
  • High Value: 915,737
  • Low Value: 588,309

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $648,300
  • Assessed Land Value: $384,700
  • Assessed Improvements Value: $263,600

    Sales

  • Current Sale Contract Date: Jun 29, 2021
  • Current Sale Recording Date: Jun 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1884699
  • Previous Sale Recording Date: Jan 25, 1991
  • Previous Sale Amount: $137,000
  • Previous Sale Document Type: 43
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 Oak Grove - Pine Banks

Stats & Trends

Median Asking:

$859,900

Sale Price/ft²

$444

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1755 ft²

Average Home Age

64.4 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 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera
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: 5 years ago
Data Source: MLS PIN, MLS# 72832126

Frequently Asked Questions

When was property at 86 Derby Road built and last sold?
The property at 86 Derby Road was built in 1950 and last sold on Jun 29, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 86 Derby Road is $661,511.
What are some comparable homes to 86 Derby Road?
There are currently no comparable homes to 86 Derby Road.
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