NOT LISTED FOR SALE

Estimated Value: $922,000 - $983,565

4 Beds
2 Baths
2,143 Sq Ft
$441/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $738,000 $344 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,026/month

6 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Community Pool
  • Lincoln Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Lynde Park

About This Home

As of September 2021

TWO FAMILY JUST A BLOCK AWAY FROM DOWN TOWN MAIN STREET MELROSE! Close proximity to MBTA commuter rail and Oak Grove T Station. Great rental area, nice side street location, over 7,000 sq. ft. level lot. Both units offer 2 bedrooms, full bath, laundry room, separate entrances to basement, separate utilities, each unit with walk up attic on 3rd floor for possible finishing. Unit #13 has bonus room off kitchen presently being used as an office. In 2015 seller had several new windows installed, painted exterior of the property, checked/repaired/installed gutters as needed. Both units have been insulated through a Mass Save program. Unit #13 is occupied with tenant at will, would like to stay, Unit #15 is vacant. Perfect for owner occupied with rental income, investor or multi-generational living. Great opportunity to invest in the community of Melrose! Bring your ideas and make this property your own!

Last Agent to Sell the Property

Barbara Peterson

E.W. Peterson & Son RE Listed on: 08/05/2021

Last Buyer's Agent

Ilya Cobi

William Raveis R. E. & Home Services

William Raveis R. E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,557

Year Built

  • Built in 1898

Lot Details

  • 7,405 Sq Ft Lot
  • Near Conservation Area

Home Design

  • Duplex
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 2,143 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Wood
  • Carpet
  • Laminate
  • Stone
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $900
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 654793

Community Details

Amenities

  • Shops
  • Coin Laundry

Recreation

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

Additional Features

  • 2 Units
  • Net Operating Income $10,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,557

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1898
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood,Vinyl,Carpet,Laminate,Stone / Slate, Unit 1(undefined)
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 1(Washer & Dryer Hookup)
  • Basement: Full, Walk-Out Access, Unfinished
  • Living Area: 2143
  • Stories Total: 4
  • MAIN LO: NB1224
  • LIST PRICE PER Sq Ft: 326.6
  • PRICE PER Sq Ft: 344.38
  • MAIN SO: M59500

Exterior Features

  • Exterior Features: Rain Gutters
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Forced Air,Oil,Individual,Unit Control), Unit 2(Forced Air,Oil,Individual,Unit Control)
  • Cooling Y N: No
  • Electric: Fuses, Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Parcel Number: 654793
  • Zoning: URB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7405.2
  • Lot Size Units: Acres
  • LOT SIZE: 7194
  • PAGE: 105

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6557
  • Tax Book Number: 1547

Multi Family

  • Gross Income: 10800
  • Net Operating Income: 10800
  • Number Of Units Total: 2
  • Total Actual Rent: 900
  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2022
Sold by
Pernoci Ilir
Bought by
Pernoci Ilir and Pernoci Haxhire
Total Days on Market
6
Current Estimated Value
$945,641

Purchase Details

Listed on
Aug 5, 2021
Closed on
Sep 30, 2021
Sold by
Cullen Edward and Cullen Debra J
Bought by
Pernoci Ilir
Seller's Agent
Barbara Peterson
E.W. Peterson & Son RE
Buyer's Agent
Ilya Cobi
William Raveis R. E. & Home Services
List Price
$699,900
Sold Price
$738,000
Premium/Discount to List
$38,100
5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$698,350
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 2019
Sold by
Clough Property Mgmt Llc
Bought by
Cullen Edward and Cullen Debra J

Purchase Details

Closed on
Aug 6, 2012
Sold by
13-15 Dell Avenue Rt
Bought by
Deanne M Clough Lt
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 Buyer Sale Price Title Company
Pernoci Ilir -- None Available
Pernoci Ilir $738,000 None Available
Cullen Edward -- --
Deanne M Clough Lt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pernoci Ilir $698,350
Previous Owner Clough Bradford H $50,000
Previous Owner Clough Bradford H $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $738,000 +5.4% $344 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $699,900 -- $327 / 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 $81 $820,200 $428,700 $391,500
2024 $7,642 $769,600 $401,000 $368,600
2023 $7,516 $721,300 $373,400 $347,900
2022 $6,691 $633,000 $359,600 $273,400
2021 $6,557 $598,800 $345,700 $253,100
2020 $6,314 $571,400 $318,100 $253,300
2019 $5,934 $548,900 $304,200 $244,700
2018 $5,535 $488,500 $252,400 $236,100
2017 $5,440 $461,000 $242,000 $219,000
2016 $5,017 $406,900 $214,400 $192,500
2015 $4,984 $384,600 $214,400 $170,200
2014 $4,878 $367,300 $197,100 $170,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72877306

MLS Property Information Network (MLS PIN)

APN: MELR-000007D-000000-000066