$1,025,000
SOLD SEP 4, 2024
7 Beds
7 Baths
3,484 Sq Ft
8,621 Sq Ft Lot

Recently Sold

$294 Per Sq Ft

15% Below List Price

53 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Jogging Path
  • Horace Mann Elementary School Rated A-
  • 2 Fireplaces
  • Balcony

About This Home

As of September 2024

Location, location, location. Don’t miss this rare opportunity to own a large two family home located in Melrose, minutes to Main Street. Great for an owner occupant, developer, or an investor. The first floor unit features 2 bedrooms/1 bath, an eat-in-kitchen, separate living and dining area, in-unit laundry, and hardwood floors. The second floor unit is a 4 bedroom/1.5 bath two-level duplex. It features a renovated eat-in-kitchen, gas cooking, double sided fireplace, pellet stove, and hardwood floors throughout. The second floor level has two bedrooms, one half bath and a cozy reading nook. New heating and water heaters. A six- car garage plus additional outdoor parking complete this home.

Last Agent to Sell the Property

Daniela Cafaro

Berkshire Hathaway HomeServices Warren Residential Listed on: 04/16/2024

Berkshire Hathaway HomeServices Warren Residential

Last Buyer's Agent

Bill Gehan

Campion & Company Fine Homes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,161

Year Built

  • Built in 1910

Parking

  • 6 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,484 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 3 Heating Zones

Additional Features

  • 8,621 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $1,850
  • Rent includes unit 1(water)
  • Assessor Parcel Number 659423

Community Details

Overview

  • 2 Units

Recreation

  • Jogging Path

Building Details

  • Insurance Expense $3,342
  • Water Sewer Expense $2,300
  • Operating Expense $5,642
  • Net Operating Income $22,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,161

Year Built

Built in 1910

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1910
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood
  • Interior Amenities: Living Room, Dining Room, Kitchen, Family Room
  • Fireplace Features: Wood Burning
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Total Bedrooms: 7
  • Full Bathrooms: 2
  • Half Bathrooms: 5
  • Total Bathrooms: 7
  • Total Bathrooms: 4.5
  • Basement: Full
  • Living Area: 3484
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2213
  • LIST PRICE PER Sq Ft: 344.43
  • PRICE PER Sq Ft: 294.2
  • MAIN SO: BB5984

Exterior Features

  • Exterior Features: Balcony/Deck
  • Foundation Details: Other
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 6
  • Covered Parking Spaces: 6
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s), Central Air
  • Heating: Forced Air, Electric
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 3
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Community Features: Public Transportation, Walk/Jog Trails
  • Rent Includes: Unit 1(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2300

Lot Info

  • Parcel Number: 659423
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8621
  • Lot Size Units: Acres
  • PAGE: 274
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9161.42
  • Tax Book Number: 63792

Multi Family

  • Gross Income: 22200
  • Insurance Expense: 3342
  • Net Operating Income: 22200
  • Number Of Units Total: 2
  • Operating Expense: 5642
  • Total Actual Rent: 1850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 1
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2024
Sold by
Webber Rigina C
Bought by
Webber David F and Webber Regina C
Current Estimated Value
$1,093,004

Purchase Details

Closed on
May 30, 2001
Sold by
Vanni Sandra M and Duncan Patricia M
Bought by
Rosa Regina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,125
Interest Rate
7.09%
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
Quit Claim Deed -- None Available
Deed $462,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $439,000 Adjustable Rate Mortgage/ARM
Previous Owner $375,000 No Value Available
Previous Owner $393,125 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2024 09/04/24 Sold $1,025,000 -14.6% $294 / Sq Ft
06/09/2024 06/09/24 Pending -- -- --
04/16/2024 04/16/24 For Sale $1,200,000 -- $344 / 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 $97 $982,200 $435,300 $546,900
2024 $9,161 $922,600 $407,200 $515,400
2023 $9,216 $884,500 $379,200 $505,300
2022 $9,018 $853,200 $365,100 $488,100
2021 $8,710 $795,400 $351,100 $444,300
2020 $8,402 $760,400 $323,000 $437,400
2019 $7,913 $732,000 $308,900 $423,100
2018 $7,534 $665,000 $256,300 $408,700
2017 $7,386 $625,900 $245,800 $380,100
2016 $6,841 $554,800 $217,700 $337,100
2015 $6,739 $520,000 $217,700 $302,300
2014 $6,672 $502,400 $200,100 $302,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73224288

MLS Property Information Network (MLS PIN)

APN: MELR-000011D-000000-000078