$1,100,000
SOLD FEB 14, 2025
4 Beds
2 Baths
2,585 Sq Ft
6,538 Sq Ft Lot

Recently Sold

$426 Per Sq Ft

4% Below List Price

35 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Property is near public transit
  • Lincoln Elementary School Rated A-
  • Deck
  • 1-minute walk to Lynde Park

About This Home

As of February 2025

Owner-occupant? Investor? Look no further than this TURN KEY 2-family, in an ideal Melrose location with a large fenced in back yard. First floor offers 2 beds, 1 bath and has been certified de-leaded. Second floor is an identical layout with the addition of a partially finished walk up 3rd floor. Each unit has their own separate utilities, basement, a deck off the front and back, garage space, plus outdoor parking space. A short walk to all downtown Melrose has to offer with Whole Foods, restaurants and the commuter rail. Home will be delivered vacant.

Last Agent to Sell the Property

Daniel Resop

William Raveis R.E. & Home Services Listed on: 12/04/2024

William Raveis R.E. & Home Services

Co-Listed By

Collin Sullivan

William Raveis R.E. & Home Services

Last Buyer's Agent

Norman Tuttle

GRANITE GROUP REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,049

Year Built

  • Built in 1927

Lot Details

  • 6,538 Sq Ft Lot
  • Near Conservation Area
  • Fenced

Parking

  • 2 Car Garage
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Stone Foundation

Interior Spaces

  • 2,585 Sq Ft Home
  • Property has 1 Level
  • Family Room
  • Living Room
  • Dining Room
  • Loft
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Shed
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lincoln Elementary School
  • Melrose Middle School
  • Melrose High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Heating System Uses Steam
  • 200+ Amp Service

Listing and Financial Details

  • Total Actual Rent $2,350
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:0D6 P:0000072,654608

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Net Operating Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,049

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1927
  • Levels: 3
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Year Built Details: Actual
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Living Room, Dining Room, Kitchen, Family Room, Loft
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Unfinished
  • Living Area: 2585
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 444.87
  • PRICE PER Sq Ft: 425.53
  • MAIN SO: BB8178

Exterior Features

  • Exterior Features: Balcony/Deck, Balcony, Rain Gutters
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Enclosed, Deck
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Steam, Oil
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0D6 P:0000072,654608
  • Zoning: URB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6538
  • Lot Size Units: Acres
  • PAGE: 51
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9049
  • Tax Book Number: 82052

Multi Family

  • Gross Income: 28200
  • Net Operating Income: 28200
  • Number Of Units Total: 2
  • Total Actual Rent: 2350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Melrose
  • Elementary School: Lincoln
  • Middle Or Junior School: Melrose

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2024
Sold by
Resop Daniel
Bought by
Resop Daniel and Resop Kevin
Current Estimated Value
$1,129,569

Purchase Details

Closed on
Mar 19, 1999
Sold by
Wilson David B
Bought by
Wass Robert J and Wass Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 1997
Sold by
Elliott Ernest F
Bought by
Wilson David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,800
Interest Rate
7.38%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Deed $271,000 --
Deed $232,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $961,115 Purchase Money Mortgage
Previous Owner $378,478 Purchase Money Mortgage
Previous Owner $608,000 Purchase Money Mortgage
Previous Owner $150,000 Purchase Money Mortgage
Previous Owner $208,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2025 02/14/25 Sold $1,100,000 -4.3% $426 / Sq Ft
01/08/2025 01/08/25 Pending -- -- --
12/04/2024 12/04/24 For Sale $1,150,000 +17.5% $445 / Sq Ft
09/29/2023 09/29/23 Sold $978,478 -1.1% $379 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $989,000 +8.1% $383 / Sq Ft
10/28/2021 10/28/21 Sold $915,000 +14.5% $416 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $799,000 -- $363 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,183 $927,600 $425,600 $502,000
2024 $9,049 $911,300 $398,200 $513,100
2023 $9,056 $869,100 $370,700 $498,400
2022 $7,773 $735,400 $357,000 $378,400
2021 $7,599 $694,000 $357,000 $337,000
2020 $7,316 $662,100 $329,500 $332,600
2019 $6,742 $623,700 $302,100 $321,600
2018 $6,311 $557,000 $250,600 $306,400
2017 $6,114 $518,100 $240,300 $277,800
2016 $5,641 $457,500 $206,000 $251,500
2015 $5,447 $420,300 $195,700 $224,600
2014 $5,353 $403,100 $178,500 $224,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73317227

MLS Property Information Network (MLS PIN)

APN: MELR-000006D-000000-000072