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Melrose 02176 Melrose East Side
86 Malvern St
$988,000
● House - Off Market

86 Malvern St

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,080 Ft²
$884,460
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Classic American "4-Square" extensively updated while maintaining charming period details. Desirable location in a quiet, residential neighborhood within walking distance to downtown restaurants and shops, Melrose Common, and convenient access to MBTA bus stop, MBTA Oak Grove station and Wyoming commuter rail station (only two stops to North Station). Current owners made numerous updates for modern living including renovated kitchen and bathrooms, mini-splits, upgraded electrical, foam insulation in the attic, and updated appliances.  Bonus walkup attic space with heat and AC completed in 2022. Beautiful interior woodwork. Hardwood floors throughout. Plenty of storage. Two-car driveway. Large shed with ramp. Private, level backyard with field stone patio for entertaining. This home is spectacular!
Unit Size
2,080 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$413
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
1910

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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: 6 months ago (MLSPIN #72998221)

Price History

Date / Event Date Event Price
Jul 27, 2022 Sold
Premium
Sold
Jun 15, 2022 Listed by Cupola Realty LLC $859,900
Listed by Cupola Realty LLC
Sep 17, 2015 Sold
Premium
Sold
Jul 31, 2015 Listed by Cupola Realty LLC $459,900
Listed by Cupola Realty LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,082
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,586
  • Total Building Area: 2,782
  • Gross Building Area: 4,310
  • Building Area: 2,782
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,782
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000151
  • 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:0E6 P:0000167
  • Municipality: MELROSE
  • Latitude: 42.4528
  • Longitude: -71.0576

    Address

  • Full Address: 86 Malvern St
  • Address - House Number: 86
  • Address - Street Name: Malvern
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C037
  • 4-Digit Zip Code: 4827
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $963,500

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 945,624
  • High Value: 1,111,328
  • Low Value: 779,921

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $970,300
  • Assessed Land Value: $425,900
  • Assessed Improvements Value: $544,400

    Sales

  • Current Sale Contract Date: Jul 27, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 114876
  • Previous Sale Recording Date: Sep 17, 2015
  • Previous Sale Amount: $469,900
  • 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:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2107 ft²

Average Home Age

87 years

Currently For Sale

6 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: 6 months ago
Data Source: MLS PIN, MLS# 72998221

Frequently Asked Questions

When was property at 86 Malvern Street built and last sold?
The property at 86 Malvern Street was built in 1910 and last sold on Jul 27, 2022 for $988,000.
How much is this home worth?
The estimated value of the home located at 86 Malvern Street is $868,728.
What are some comparable homes to 86 Malvern Street?
There are currently no comparable homes to 86 Malvern Street.
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