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Malden 02148 Maplewood
89 Leonard St
$535,000
● House - Off Market

89 Leonard St

Malden, MA 02148
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,422 Ft²
$642,337
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Wonderful location and opportunity to get into Malden, with tons of potential to turn this house into your home!  This oversized lot has over 10k sq feet of cleared land.  A little TLC will turn this place right around.  Entering through the enclosed porch you will find yourself in a charming foyer.  Spacious rooms on the first floor which include a living room, final dining room, kitchen and half bath.  The four bedrooms as well as full bathroom are on the second floor.  One room could easily be used as a home office if needed. The basement had been partially finished with two separate rooms, leaving lots of possibilities down there for the future!  This home is only .5 of a mile to OAK GROVE T Station, close to the Forestdale Park and Pine Banks Park, and just a quick drive to the Middlesex Fells Reservation.
Unit Size
1,422 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$421
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
1920

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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 #73042416)

Price History

Date / Event Date Event Price
Nov 23, 2022 Sold
Premium
Sold
Oct 12, 2022 In contract -
In contract
Sep 28, 2022 Listed by LAER Realty Partners $599,000
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 716
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,772
  • Total Building Area: 1,422
  • Gross Building Area: 2,354
  • Building Area: 1,422
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,422
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000247
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341600

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:071 B:824 L:462
  • Block: 824
  • Lot: 462
  • Municipality: MALDEN
  • Latitude: 42.4351
  • Longitude: -71.0646

    Address

  • Full Address: 89 Leonard St
  • Address - House Number: 89
  • Address - Street Name: Leonard
  • Address - Suffix Type: St
  • State: MA
  • City Name: Malden
  • Carrier Code: C043
  • 4-Digit Zip Code: 2704
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $634,800

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 676,999
  • High Value: 798,811
  • Low Value: 555,186

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $543,000
  • Assessed Land Value: $359,500
  • Assessed Improvements Value: $183,500

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Nov 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1927618
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 Maplewood

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$412

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1987 ft²

Average Home Age

97.1 years

Currently For Sale

36 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# 73042416

Frequently Asked Questions

When was property at 89 Leonard Street built and last sold?
The property at 89 Leonard Street was built in 1920 and last sold on Nov 22, 2022 for $540,000.
How much is this home worth?
The estimated value of the home located at 89 Leonard Street is $596,799.
What are some comparable homes to 89 Leonard Street?
There are currently no comparable homes to 89 Leonard Street.
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