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Melrose 02176 Melrose Highlands
97 Warwick Rd
$900,000
● House - Off Market

97 Warwick Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,731 Ft²
$4,887
Est. Monthly

About This Property

Welcome to the coveted Melrose Highlands! This charming 3-bed, 1.5-bath home is ideally located within walking distance to Melrose Highlands/Cedar Park train stations, Roosevelt Elementary School, the Fells and dining options. Enter into the inviting 3-season porch, perfect for morning coffee and/or a mudroom. The spacious living room boasts an updated fireplace, while the kitchen and renovated bathrooms offer modern comfort. Additionally, enjoy the generously sized sunroom, perfect for a home office or play space, lined with windows, featuring new solar skylights. Outside, relax in the fenced backyard oasis, complete with a gazebo and play-set for entertaining.
Unit Size
1,731 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$505
Property Type
House
Property Taxes
$590
HOA Dues
-
Year Built
1914

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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 #73234735)

Price History

Date / Event Date Event Price
Jun 24, 2024 Sold
Premium
Sold
May 8, 2024 Listed by Coldwell Banker Realty - Boston $874,900
Listed by Coldwell Banker Realty - Boston
Jul 18, 2014 Sold
Premium
Sold
May 30, 2014 Listed by Coldwell Banker Realty - Boston $479,000
Listed by Coldwell Banker Realty - Boston
Nov 19, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 572
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,057
  • Total Building Area: 1,404
  • Gross Building Area: 2,144
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOSHUA T NOWELL
  • Land Acres: 0000000162
  • 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: 336100

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:A11 P:0000064
  • Municipality: MELROSE
  • Latitude: 42.4653
  • Longitude: -71.0769

    Address

  • Full Address: 97 Warwick Rd
  • Address - House Number: 97
  • Address - Street Name: Warwick
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C020
  • 4-Digit Zip Code: 2116
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $708,300

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 818,701
  • High Value: 960,930
  • Low Value: 676,472

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $713,300
  • Assessed Land Value: $428,100
  • Assessed Improvements Value: $285,200

    Sales

  • Current Sale Recording Date: Jul 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 103584
  • Previous Sale Recording Date: Nov 19, 2008
  • Previous Sale Amount: $370,000
  • 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 Highlands

Stats & Trends

Median Asking:

$739,900

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2970 ft²

Average Home Age

73.8 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

Unit for rent at 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73234735

Frequently Asked Questions

When was property at 97 Warwick Road built and last sold?
The property at 97 Warwick Road was built in 1914 and last sold on Jan 1, 1970 for $495,000.
How much is this home worth?
The estimated value of the home located at 97 Warwick Road is $844,904.
What are some comparable homes to 97 Warwick Road?
There are currently no comparable homes to 97 Warwick Road.
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