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Melrose 02176 Oak Grove - Pine Banks
9 Summer St
Photo of 9 Summer St
Sold on Feb 22, 2010

1

Map

$404,000
● House - Off Market

9 Summer St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,976 Ft²
$887,978
RealtyHop Estimate
111.47%
Since Mar 1, 2010
MA-Boston
Primary Model

About This Property

This lovely Center Entrance Colonial boasts a spacious floor plan with natural woodwork throughout, a warm and inviting FP LR with access to screened in porch, formal dining room, large country kitchen and convenient first floor half bath. Finished LL.  Four corner bedrooms and a full bath complete the second floor. This is a great home only steps  to the Bus line, commuter rail and trendy downtown shops and restaurants. Additional features include 3 Zone heat, and 100 AMP CB
Unit Size
2,976 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$141
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1935

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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 months ago (MLSPIN #70994053)

Price History

Date / Event Date Event Price
Feb 22, 2010 Sold
Premium
Sold
Oct 26, 2009 Listed $419,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,174
  • Total Building Area: 2,717
  • Gross Building Area: 4,156
  • Building Area: 2,717
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,717
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND MELROSE
  • Land Acres: 0000000165
  • 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: 336404

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0C5 P:0000140
  • Municipality: MELROSE
  • Latitude: 42.451
  • Longitude: -71.0646

    Address

  • Full Address: 9 Summer St
  • Address - House Number: 9
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C029
  • 4-Digit Zip Code: 4609
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $750,300

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 850,819
  • High Value: 981,846
  • Low Value: 719,792

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $755,600
  • Assessed Land Value: $401,000
  • Assessed Improvements Value: $354,600

    Sales

  • Current Sale Recording Date: Feb 22, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00028864
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:

$854,950

Sale Price/ft²

$435

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1966 ft²

Average Home Age

58.9 years

Currently For Sale

9 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: 5 months ago
Data Source: MLS PIN, MLS# 70994053

Frequently Asked Questions

When was property at 9 Summer Street built and last sold?
The property at 9 Summer Street was built in 1935 and last sold on Jan 1, 1970 for $404,000.
How much is this home worth?
The estimated value of the home located at 9 Summer Street is $474,281.
What are some comparable homes to 9 Summer Street?
There are currently no comparable homes to 9 Summer Street.
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