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Melrose 02176 Melrose East Side
91 Sheffield Rd
$605,000
● House - Off Market

91 Sheffield Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,848 Ft²
$1,004,535
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Walk to the gates of Bellevue Country Club from this well maintained single family home located in one of Melrose's most desirable neighborhoods. Pride of ownership stands out in this lovely 3 bedroom home with wall to wall carpeting throughout.  Meticulously landscaped front and rear yards with inground pool.  Sliding glass doors in kitchen lead to rear deck to large yard with inground pool and shed making outdoor entertaining a pleasure. Ceiling fans in all bedrooms, wall a/c in living areas, large closets and loads of storage space.  Partially finished basement can easily be transformed to a family room, office or gym.  Newer furnace and hot water heater.  First showings at OPEN HOUSE SATURDAY, JUNE 6 AND SUNDAY, JUNE 7 FROM 12 NOON TO 2 PM.
Unit Size
2,848 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$203
Property Type
House
Property Taxes
$542
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: 5 months ago (MLSPIN #71846900)

Price History

Date / Event Date Event Price
Jul 13, 2015 Sold
Premium
Sold
May 29, 2015 Listed by Urban Real Estate Strategies, LLC $579,000
Listed by Urban Real Estate Strategies, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 1,156
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,769
  • Total Building Area: 2,848
  • Gross Building Area: 3,516
  • Building Area: 2,848
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,848
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • 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: 336201

Zoning

  • Zoning: SRB

Geography

  • Parcel: MELR M:G10 P:0000071
  • Municipality: MELROSE
  • Latitude: 42.4627
  • Longitude: -71.0466

    Address

  • Full Address: 91 Sheffield Rd
  • Address - House Number: 91
  • Address - Street Name: Sheffield
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C011
  • 4-Digit Zip Code: 3402
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $922,600

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 1,063,825
  • High Value: 1,227,655
  • Low Value: 899,995

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $929,100
  • Assessed Land Value: $520,400
  • Assessed Improvements Value: $408,700

    Sales

  • Current Sale Recording Date: Jul 13, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 112342
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:

$934,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1936 ft²

Average Home Age

87 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71846900

Frequently Asked Questions

When was property at 91 Sheffield Road built and last sold?
The property at 91 Sheffield Road was built in 1920 and last sold on Jan 1, 1970 for $605,000.
How much is this home worth?
The estimated value of the home located at 91 Sheffield Road is $631,766.
What are some comparable homes to 91 Sheffield Road?
There are currently no comparable homes to 91 Sheffield Road.
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