NOT LISTED FOR SALE

Estimated Value: $873,000 - $1,028,228

5 Beds
2 Baths
2,294 Sq Ft
$415/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $617,000 $269 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,109/month

17 Days on Market

About This Home

As of February 2017

INVESTOR ALERT! With limited multi family inventory in Melrose you will want to see this great income producing property. Close to downtown Melrose, it's an easy walk to Main Street with all its charming shops, restaurants, exercise facilities, public transportation, etc. Tenants pay for their own heat, hot water and electric. Landlord pays water, sewer & trash removal which is approximately $2200/year. Roof and one water heater new in 2014/2015. Furnaces are older but working. Units are spacious. High ceilings, hardwood floors, replacement windows, low maintenance yard, plenty of storage and Victorian charm.

Last Agent to Sell the Property

Amber Orton

Lyv Realty Listed on: 11/29/2016

Last Buyer's Agent

James Brasco III

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$78

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 11
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Electric: Circuit Breakers
  • Flooring: Tile, Laminate, Hardwood
  • Basement: Full
  • Total Levels: 4

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Wood
  • Exterior Features: Porch
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Heat Zones: 2
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: MWRA

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: Apply
  • Middle School: Mvmms
  • High School: Mhs

Lot Info

  • Assessor Parcel Number: M:0D8 P:0000108
  • Zoning: URA

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 5
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 3
  • Total Rms: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2017
Sold by
Conboy Michael C and Bua Felicia M
Bought by
Conboy Michael C and Bua Felicia M
Current Estimated Value
$936,289

Purchase Details

Listed on
Nov 29, 2016
Closed on
Mar 1, 2017
Sold by
Cappas Kendall E Est
Bought by
Conboy Michael C and Bua Felicia M
Seller's Agent
Amber Orton
Lyv Realty
Buyer's Agent
James Brasco III
William Raveis R.E. & Home Services
List Price
$570,000
Sold Price
$617,000
Premium/Discount to List
$47,000
8.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$555,300
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 1969
Bought by
Capps Kendall and Capps M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Conboy Michael C -- --
Conboy Michael C $617,000 --
Capps Kendall -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conboy Michael C $489,000
Previous Owner Conboy Michael C $555,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2017 02/28/17 Sold $617,000 +8.2% $269 / Sq Ft
12/16/2016 12/16/16 Pending -- -- --
11/29/2016 11/29/16 For Sale $570,000 -- $248 / 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 $78 $791,400 $380,800 $410,600
2024 $7,533 $758,600 $369,600 $389,000
2023 $7,425 $712,600 $336,000 $376,600
2022 $7,409 $700,900 $336,000 $364,900
2021 $11,763 $629,600 $313,600 $316,000
2020 $6,545 $592,300 $280,000 $312,300
2019 $6,067 $561,200 $258,700 $302,500
2018 $11,152 $527,900 $235,200 $292,700
2017 $10,912 $476,400 $224,000 $252,400
2016 $5,439 $441,100 $218,400 $222,700
2015 $4,997 $385,600 $190,400 $195,200
2014 $4,823 $363,200 $168,000 $195,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72096891

MLS Property Information Network (MLS PIN)

APN: MELR-000008D-000000-000108