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Melrose 02176 Melrose East Side
90 Bancroft Road
$530,000
● House - Off Market

90 Bancroft Road

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,400 Ft²
$886,653
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

This airy and bright Ranch in top Upham Park location has a fantastic present-day layout, with the modern granite counter kitchen opening to the oversized family room.  Fireplace in kitchen.  Currently 4BR, and could easily be 3BR plus an office!  Love the comfortable lower level playroom with all new carpeting,  After summer gardening, come in and cool off with central air!  Many of the major expenses have been completed - Roof 2010, Heating System 5-6 yrs.     Enjoy a wonderful neighborhood setting with the convenience of Mount Hood and Square One Mall nearby, and the ease of zipping out to Route 1 for quick Boston access.  Refrig is included in sale.  Take a look and cool off with the 3yrr new central air system!
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$223
Property Type
House
Property Taxes
$441
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: 4 months ago (MLSPIN #71992885)

Price History

Date / Event Date Event Price
Oct 27, 2016 Sold
Premium
Sold
Apr 22, 2016 Listed by Brad Hutchinson Real Estate $534,900
Listed by Brad Hutchinson Real Estate
Apr 30, 2003 Sold
Premium
Sold
Jan 3, 2003 Listed by Brad Hutchinson Real Estate $368,500
Listed by Brad Hutchinson Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 1,542
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,390
  • Total Building Area: 1,542
  • Gross Building Area: 5,048
  • Building Area: 1,542
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,542
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000193
  • 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: 336202

Zoning

  • Zoning: SRB

Geography

  • Parcel: MELR M:0H9 P:0000059
  • Municipality: MELROSE
  • Latitude: 42.461
  • Longitude: -71.0419

    Address

  • Full Address: 90 Bancroft Rd
  • Address - House Number: 90
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C011
  • 4-Digit Zip Code: 3423
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $705,200

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 836,242
  • High Value: 964,404
  • Low Value: 708,080

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $710,200
  • Assessed Land Value: $518,300
  • Assessed Improvements Value: $191,900

    Sales

  • Current Sale Recording Date: Oct 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 191936
  • Previous Sale Recording Date: Apr 30, 2003
  • Previous Sale Amount: $355,000
  • 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 East Side

Stats & Trends

Median Asking:

$949,950

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2066 ft²

Average Home Age

90.1 years

Currently For Sale

12 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71992885

Frequently Asked Questions

When was property at 90 Bancroft Road built and last sold?
The property at 90 Bancroft Road was built in 1950 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 90 Bancroft Road is $567,876.
What are some comparable homes to 90 Bancroft Road?
There are currently no comparable homes to 90 Bancroft Road.
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