D
Seller's Agent in 2023
Dan Dewing
Boston Realty Advisors
106 W Foster St Melrose, MA 02176
Downtown Melrose NeighborhoodEstimated Value: $1,306,335
5
Beds
2
Baths
3,730
Sq Ft
$350/Sq Ft
Est. Value
Highlights
- 4 Fireplaces
- Corner Lot
- Cooling Available
- Lincoln Elementary School Rated A-
- No HOA
- Heating Available
About This Home
As of June 2023This once 6-bedroom house on 6,730 square feet just outside of Downtown Melrose. Now used as a local office this opportunity presents many options for buyers including an office for owner users, or a conversion back to single or multi family. 106 West Foster Street is in a highly popular and traveled area in Melrose. Located in the center of the Interstate 93, 95 and U.S. Route 1 triangle and just seven miles north of Boston, Melrose Massachusetts ranks one of the highest sought-after locations outside of greater Boston. For its immense public transportation resources, proximity to Boston and unique urban suburban mix feel, the 28,000-person City is a strong bet for any investor. There is no call for offers date, offers will be reviewed as they are submitted.
Last Agent to Sell the Property
Dan Dewing
Boston Realty Advisors Listed on: 01/03/2023
Last Buyer's Agent
Dan Dewing
Boston Realty Advisors Listed on: 01/03/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,752
Year Built
- Built in 1900
Lot Details
- Corner Lot
Parking
- 6 Car Parking Spaces
Home Design
- Brick Foundation
- Block Foundation
- Stone Foundation
Interior Spaces
- 3,730 Sq Ft Home
- 4 Fireplaces
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Utilities
- Cooling Available
- Heating Available
- Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 654023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 23, 2024
Sold by
106 West Foster Llc
Bought by
Riccio Nicholas and Riccio Samantha
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Outstanding Balance
$546,382
Interest Rate
8.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$752,892
Purchase Details
Closed on
May 1, 2024
Sold by
106 West Foster Llc
Bought by
Kafafian David E and Kafafian Caroline E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Outstanding Balance
$546,382
Interest Rate
8.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$752,892
Purchase Details
Closed on
Jul 11, 1997
Sold by
Sullivan Helen M and Limone Viola L
Bought by
Clark Judith A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.86%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Riccio Nicholas | -- | None Available | |
| Riccio Nicholas | -- | None Available | |
| Kafafian David E | $1,290,000 | None Available | |
| Kafafian David E | $1,290,000 | None Available | |
| Clark Judith A | $198,750 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Riccio Nicholas | $550,000 | |
| Closed | Riccio Nicholas | $550,000 | |
| Open | Kafafian David E | $1,020,000 | |
| Closed | Kafafian David E | $1,020,000 | |
| Previous Owner | 106 West Foster Llc | $1,400,000 | |
| Previous Owner | West Foster St Rt | $220,000 | |
| Previous Owner | Heath Mark A | $99,800 | |
| Previous Owner | West Foster St Rt | $35,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/15/2023 06/15/23 | Sold | $750,000 | -5.1% | $201 / Sq Ft |
| 01/04/2023 01/04/23 | Pending | -- | -- | -- |
| 01/03/2023 01/03/23 | For Sale | $790,000 | -- | $212 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $11,752 | $663,600 | $391,100 | $272,500 |
| 2023 | $11,187 | $617,400 | $364,500 | $252,900 |
| 2022 | $10,266 | $569,400 | $333,300 | $236,100 |
| 2021 | $10,072 | $538,900 | $311,100 | $227,800 |
| 2020 | $10,013 | $538,900 | $311,100 | $227,800 |
| 2019 | $9,456 | $502,700 | $288,900 | $213,800 |
| 2018 | $7,556 | $493,800 | $280,000 | $213,800 |
| 2017 | $8,908 | $480,500 | $266,700 | $213,800 |
| 2016 | $8,526 | $454,000 | $257,800 | $196,200 |
| 2015 | $8,412 | $445,100 | $248,900 | $196,200 |
| 2014 | $8,239 | $445,100 | $248,900 | $196,200 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73067456
APN: MELR-000007C-000000-000019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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