T
Seller's Agent in 2023
Tina Hill
RE/MAX
25 Herbert St Melrose, MA 02176
Downtown Melrose NeighborhoodEstimated Value: $783,000 - $1,269,465
2
Beds
2
Baths
2,014
Sq Ft
$469/Sq Ft
Est. Value
Highlights
- Property is near public transit
- 4-minute walk to Wyoming Hill
- Corner Lot
- Lincoln Elementary School Rated A-
- Wood Flooring
- 5-minute walk to Gooch Park
About This Home
As of August 2023Attn Developers, Contractors, Investors! A Tremendous opportunity awaits with this expansive two-family on-a-corner lot is an excellent opportunity to maximize your income with a little hard work. Opportunity is endless, whether you are a contractor or investor, and looking for your next project, this is an excellent investment. The first-floor unit is a spacious 2 bed/1 bath. With tenant at will already in place. The second unit has 2 bedrooms and 1 full bath. Great location with the Commuter Rail just steps outside your door. Not to mention, blocks from shops, and restaurants. Don't Miss Out!
Last Agent to Sell the Property
Tina Hill
RE/MAX On the Charles Listed on: 06/03/2023
Last Buyer's Agent
Tina Hill
RE/MAX On the Charles Listed on: 06/03/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,331
Year Built
- Built in 1860
Lot Details
- 3,193 Sq Ft Lot
- Corner Lot
Parking
- Off-Street Parking
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,014 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Kitchen
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- 2 Heating Zones
- Heating Available
- 110 Volts
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $1,600
- Assessor Parcel Number 654039
Community Details
Amenities
- Shops
- Coin Laundry
Recreation
- Park
Additional Features
- 2 Units
- Net Operating Income $19,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 4, 2016
Sold by
Banks Anita B and Banks Margo D
Bought by
Banks Anita B and Banks Margo D
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$160,013
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$766,247
Purchase Details
Closed on
Oct 8, 2004
Sold by
Banks Anita B
Bought by
Banks Anita B and Banks Margo D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 30, 1996
Sold by
Johnson Howard G and Johnson Joanne D
Bought by
Banks Anita B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
7.81%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Banks Anita B | -- | -- | |
| Banks Anita B | -- | -- | |
| Banks Anita B | $145,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Banks Anita B | $200,000 | |
| Closed | Banks Ralph J | $200,000 | |
| Previous Owner | Banks Anita B | $20,000 | |
| Previous Owner | Banks Anita B | $182,000 | |
| Previous Owner | Banks Anita B | $137,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2023 08/07/23 | Sold | $670,000 | +3.2% | $333 / Sq Ft |
| 06/05/2023 06/05/23 | Pending | -- | -- | -- |
| 06/03/2023 06/03/23 | For Sale | $649,000 | -- | $322 / 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 | $97 | $978,500 | $346,400 | $632,100 |
| 2024 | $5,336 | $537,400 | $291,700 | $245,700 |
| 2023 | $5,331 | $511,600 | $271,600 | $240,000 |
| 2022 | $5,214 | $493,300 | $261,500 | $231,800 |
| 2021 | $5,126 | $468,100 | $261,500 | $206,600 |
| 2020 | $4,912 | $444,500 | $241,400 | $203,100 |
| 2019 | $4,514 | $417,600 | $221,300 | $196,300 |
| 2018 | $4,226 | $373,000 | $183,600 | $189,400 |
| 2017 | $4,102 | $347,600 | $176,000 | $171,600 |
| 2016 | $4,086 | $331,400 | $150,900 | $180,500 |
| 2015 | $4,181 | $322,600 | $143,300 | $179,300 |
| 2014 | $3,871 | $291,500 | $130,800 | $160,700 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73119865
APN: MELR-000007C-000000-000035
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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