Seller's Agent in 2020
Terri Maffeo
Laer Realty
(781) 801-3455
20 Total Sales
11 Summit Ave Melrose, MA 02176
Melrose Highlands NeighborhoodEstimated Value: $1,169,000 - $1,379,000
4
Beds
3
Baths
2,944
Sq Ft
$428/Sq Ft
Est. Value
Highlights
- Deck
- Plywood Flooring
- 3-minute walk to Warren Street Park
- Roosevelt Elementary School Rated A-
- Forced Air Heating and Cooling System
About This Home
As of June 2020Spacious Colonial exudes pride of ownership and is located in the heart of suburban Melrose! Updated Eat-in kitchen includes SS appliances and granite counter tops opens to the family Rm w/ fireplace & sliders to a wraparound deck overlooking the private back yard. Great for Entertaining! In addition, the main level has a formal LR w/ fireplace, dining room, guest bath & mud room. The second floor hosts a fabulous Master Bedroom w/ private balcony, walk in closets, wall to wall carpet, master bath w/ double sink vanity & designated washer/dryer area. Three additional bedrooms all with closets and a full bath to share. Pull-down attic stairs allow access for extra storage. Walk out finished basement with sliders to the back yard lets natural light into the bonus room which can use as an additional family room or exercise room, office, storage area and interior access to the one car garage. Close to downtown Melrose, major highways, public transportation, restaurants & shopping.
Home Details
Home Type
- Single Family
Year Built
- Built in 1987
Lot Details
- 7,841
Parking
- 1 Car Garage
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Plywood
- Wall to Wall Carpet
- Laminate
- Tile
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Natural Gas Water Heater
Additional Features
- Deck
- Property is zoned URA
- Basement
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 5, 2020
Closed on
Jun 26, 2020
Sold by
Macrae Gordon J and Clark Anne
Bought by
Lane Myles J and Lane Elizabeth J
Seller's Agent
Terri Maffeo
LAER Realty Partners
Buyer's Agent
Valerie Lane
Brad Hutchinson Real Estate
List Price
$799,900
Sold Price
$880,000
Premium/Discount to List
$80,100
10.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,214
Avg. Annual Appreciation
6.84%
Original Mortgage
$440,000
Outstanding Balance
$390,887
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$870,327
Purchase Details
Closed on
Jan 16, 1998
Sold by
Silva Joseph A and Silva Marguerite A
Bought by
Clark Anne and Macrae Gordon J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Lane Myles J | $880,000 | None Available | |
| Clark Anne | $297,400 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lane Myles J | $440,000 | |
| Previous Owner | Clark Anne | $385,000 | |
| Previous Owner | Clark Anne | $145,000 | |
| Previous Owner | Clark Anne | $3,000 | |
| Previous Owner | Clark Anne | $182,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2020 06/30/20 | Sold | $880,000 | +10.0% | $299 / Sq Ft |
| 05/08/2020 05/08/20 | Pending | -- | -- | -- |
| 05/05/2020 05/05/20 | For Sale | $799,900 | -- | $272 / 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 |
|---|---|---|---|---|
| 2025 | $95 | $959,100 | $435,900 | $523,200 |
| 2024 | $9,262 | $932,700 | $409,500 | $523,200 |
| 2023 | $9,069 | $870,300 | $396,300 | $474,000 |
| 2022 | $9,036 | $854,900 | $396,300 | $458,600 |
| 2021 | $8,332 | $760,900 | $369,900 | $391,000 |
| 2020 | $7,970 | $721,300 | $330,200 | $391,100 |
| 2019 | $7,204 | $666,400 | $305,100 | $361,300 |
| 2018 | $7,236 | $638,700 | $277,400 | $361,300 |
| 2017 | $7,088 | $600,700 | $264,200 | $336,500 |
| 2016 | $6,786 | $550,400 | $257,600 | $292,800 |
| 2015 | $6,529 | $503,800 | $231,200 | $272,600 |
| 2014 | $6,340 | $477,400 | $204,800 | $272,600 |
Source: Public Records
Agents Affiliated with this Home
-
Terri Maffeo
-
Valerie Lane
V
Buyer's Agent in 2020
Valerie Lane
Brad Hutchinson Real Estate
(781) 665-2222
8 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72651537
APN: MELR-000013B-000000-000030A
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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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