18 Holbrook Ct Melrose, MA 02176
Horace Mann NeighborhoodEstimated Value: $1,210,077
3
Beds
3
Baths
2,235
Sq Ft
$541/Sq Ft
Est. Value
About This Home
As of December 2016Rare to market! TRUE three family located on a quaint side street near Melrose center presents endless opportunites for rental income or a condo conversion. The units are spacious 1 bedrooms with 750+ SF and enclosed rear porches offering additional 130 SF. Huge private parking lot with 5-6 parking. This property is in great condition and features a new roof, chimney, gutters and updated heating systems. Unit 2 is vacant. Unit 1 and 3 are tenants-at-will. Market rent of $1,500+ per unit. Shown at open houses Saturday and Sunday 1-230pm and Mon evening 6-7pm with all offers being received by Tues 9/13 at 5pm. Hurry!
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 7, 2016
Closed on
Dec 1, 2016
Sold by
Kay Ray Rt and Mcnally
Bought by
Melrose Afford Hsng Co
Seller's Agent
Mark Pitzi
Coldwell Banker Realty - Beverly
Buyer's Agent
John Bulman
Brad Hutchinson Real Estate
List Price
$650,000
Sold Price
$705,000
Premium/Discount to List
$55,000
8.46%
Total Days on Market
7
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
$505,077
Avg. Annual Appreciation
6.62%
Original Mortgage
$481,845
Outstanding Balance
$394,175
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$824,800
Similar Homes in Melrose, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Melrose Afford Hsng Co | $705,000 | -- | |
| Melrose Afford Hsng Co | $705,000 | -- | |
| Melrose Afford Hsng Co | $705,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Melrose Afford Hsng Co | $481,845 | |
| Closed | Melrose Afford Hsng Co | $481,845 | |
| Open | Melrose Afford Hsng Co | $1,310,000 | |
| Previous Owner | Ray Katherine A | $421,123 | |
| Previous Owner | Ray Katherine A | $42,123 | |
| Previous Owner | Ray Katherine A | $55,000 | |
| Previous Owner | Ray Katherine A | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/01/2016 12/01/16 | Sold | $705,000 | +8.5% | $315 / Sq Ft |
| 09/14/2016 09/14/16 | Pending | -- | -- | -- |
| 09/07/2016 09/07/16 | For Sale | $650,000 | -- | $291 / 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 | $0 | $733,800 | $401,500 | $332,300 |
| 2024 | $5,296 | $690,900 | $375,600 | $315,300 |
| 2023 | $0 | $654,800 | $349,700 | $305,100 |
| 2022 | $0 | $632,600 | $336,800 | $295,800 |
| 2021 | $0 | $579,600 | $323,800 | $255,800 |
| 2020 | $5,480 | $551,000 | $297,900 | $253,100 |
| 2019 | $5,480 | $530,400 | $285,000 | $245,400 |
| 2018 | $5,480 | $474,000 | $236,400 | $237,600 |
| 2017 | $5,296 | $448,800 | $226,700 | $222,100 |
| 2016 | $4,927 | $399,600 | $200,800 | $198,800 |
| 2015 | $4,978 | $384,100 | $200,800 | $183,300 |
| 2014 | $4,886 | $367,900 | $184,600 | $183,300 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Pitzi
Seller's Agent in 2016
Mark Pitzi
Coldwell Banker Realty - Beverly
(978) 816-6552
95 Total Sales
-
John Bulman
Buyer's Agent in 2016
John Bulman
Brad Hutchinson Real Estate
(781) 252-2202
1 in this area
79 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72063198
APN: MELR-000011D-000000-000087
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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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