NOT LISTED FOR SALE

Estimated Value: $998,000 - $1,225,787

5 Beds
2 Baths
2,603 Sq Ft
$418/Sq Ft Est. Value

Last Sold October 30, 2019

Last sale price $855,000 $328 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,914/month

8 Days on Market

Highlights

  • Fruit Trees
  • Wood Flooring
  • Garden
  • Lincoln Elementary School Rated A-
  • Porch

About This Home

As of October 2019

Lovely two family Victorian steps to the train and Melrose's thriving downtown shops, restaurants and activities! First floor hosts two gathering rooms offering flexible use, two bedrooms, kitchen and bath. Second unit comprises the second and third floors, both levels awash in fabulous natural light. Open living and dining room area features a ribbon of windows offering tree-line views and good scale; the eat-in kitchen showcases exposed brick and beam and ample room to cook and dine. Two bedrooms on the second and an expansive third bedroom in the top-floor with skylights and amazing built-ins. Garage has been transformed into a studio space but could be converted. Amazing back yard garden hosts perennials, vegetables and herbs, a hidden oasis. This home has been expressly maintained to honor her heritage while being updated over time with major systems tackled. This beauty is a terrific opportunity for the investor and owner-investor alike.

Last Agent to Sell the Property

Alison Socha

Leading Edge Real Estate Listed on: 09/11/2019

Leading Edge Real Estate

Last Buyer's Agent

Maria Fabiano

Maria Fabiano Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $95

Year Built

  • Built in 1880

Lot Details

  • Year Round Access
  • Fruit Trees
  • Garden

Parking

  • 1 Car Garage

Flooring

  • Wood
  • Laminate
  • Concrete
  • Tile
  • Vinyl

Outdoor Features

  • Porch

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$95

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 291.93
  • Comp Based On: Net Sale Price
  • Year Built: 1880
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1880

Interior Features

  • Flooring: Wood, Tile, Vinyl, Concrete, Varies Per Unit, Laminate
  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 11
  • Basement: Y
  • Basement Features: Full, Walk Out, Interior Access, Concrete Floor
  • Main Lo: AN4643
  • Main So: AN3128
  • Estimated Sq Ft: 2603.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard, Wood
  • Exterior Features: Porch, Fruit Trees, Garden Area
  • Foundation: Fieldstone
  • Foundation Size: 27x58

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 6
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Sewage District: MWRA
  • Heat Zones: 2
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Park, Medical Facility, Highway Access, House of Worship, Private School, Public School

Schools

  • Elementary School: Apply
  • Middle School: MVMMS
  • High School: Melrose High

Lot Info

  • Assessments: 571100.00
  • Lot: 24
  • Acre: 0.26
  • Lot Size: 11404.00
  • Page: 260
  • Zoning: URD
  • Lot Description: Paved Drive, Level

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rms: 11
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 6173.59
  • Assessor Parcel Number: 654028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Oct 22, 2019
Sold by
Shaughnessy Edward A
Bought by
Lamarche Matthew P and Lamarche Amy W
Seller's Agent
Alison Socha
Leading Edge Real Estate
Buyer's Agent
Maria Fabiano
Maria Fabiano Realty
List Price
$759,900
Sold Price
$855,000
Premium/Discount to List
$95,100
12.51%
Current Estimated Value
$1,078,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,633
Avg. Annual Appreciation
3.22%
Original Mortgage
$684,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Lamarche Matthew P $855,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamarche Matthew P $96,490
Open Lamarche Matthew P $678,000
Closed Lamarche Matthew P $684,000
Previous Owner Shaughnessy Edward A $110,000
Previous Owner Shaughnessy Edward $120,000
Previous Owner Shaughnessy Edward A $125,000
Previous Owner Shaughnessy Edward A $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2019 10/30/19 Sold $855,000 +12.5% $328 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $759,900 -- $292 / 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 $95 $963,900 $448,300 $515,600
2024 $9,021 $908,500 $419,400 $489,100
2023 $8,460 $811,900 $390,400 $421,500
2022 $8,278 $783,200 $376,000 $407,200
2021 $7,870 $718,700 $361,500 $357,200
2020 $6,658 $602,500 $332,600 $269,900
2019 $6,174 $571,100 $310,100 $261,000
2018 $5,772 $509,400 $257,300 $252,100
2017 $5,675 $480,900 $246,700 $234,200
2016 $5,253 $426,000 $218,500 $207,500
2015 $5,289 $408,100 $218,500 $189,600
2014 $5,186 $390,500 $200,900 $189,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72560855

MLS Property Information Network (MLS PIN)

APN: MELR-000007C-000000-000024