$16,500,000

Estimated payment $89,144/month

Total Views 2,775
-- Bed
-- Bath
100 Sq Ft
$165,000 Price per Sq Ft

Highlights

  • Marina
  • Golf Course Community
  • 1.01 Acre Lot
  • C.C. Burr Rated A
  • Medical Services
  • Property is near public transit

About This Home

Set in the heart of Auburndale Village, 283 Melrose Ave offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. More details are available.

Listing Agent

Ward Shifman

Coldwell Banker Realty - Newton Listed on: 11/05/2025

Coldwell Banker Realty - Newton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,165

Year Built

  • Built in 2020

Lot Details

  • 1.01 Acre Lot
  • Corner Lot
  • Level Lot
  • Zero Lot Line

Home Design

  • Stone Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Williams Elementary School
  • Brown Middle School
  • South High School

Listing and Financial Details

  • Assessor Parcel Number 690440

Community Details

Overview

  • Near Conservation Area

Amenities

  • Medical Services
  • Shops

Recreation

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,165

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 2020
  • Levels: 0
  • Year Built Details: Under Construction,Unknown/Mixed
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace YN: No
  • Basement: Full
  • Above Grade Finished Sq Ft: 90
  • Below Grade Sq Ft: 10
  • Living Area: 100
  • Spa YN: No
  • MAIN LO: AN6181

Exterior Features

  • Foundation Details: Concrete Perimeter, Stone
  • Home Warranty YN: No
  • Waterfront Features: River, 3/10 to 1/2 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: 690440
  • Zoning: MR2/VC2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Easements, Zero Lot Line, Level
  • Lot Size Acres: 1.01
  • Lot Size Sq Ft: 43783
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025

Multi Family

  • Basement Included Sq Ft: Yes
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: South
  • Elementary School: Williams
  • Middle Or Junior School: Brown

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 $26,165 $2,669,900 $1,569,200 $1,100,700
2024 $44,989 $3,588,800 $1,569,200 $2,019,600
2023 $0 $3,484,200 $1,508,800 $1,975,400
2022 $44,989 $2,255,100 $1,335,400 $919,700
2021 $45,373 $2,255,100 $1,335,400 $919,700
2020 $11,160 $2,255,100 $1,335,400 $919,700
2019 $11,402 $2,255,100 $1,335,400 $919,700
2018 $41,910 $2,032,500 $1,214,100 $818,400
2017 $8,679 $1,974,700 $1,156,300 $818,400
2016 $32,307 $1,472,500 $578,400 $894,100
2015 $32,955 $1,472,500 $578,400 $894,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2025 11/05/25 For Sale $16,500,000 -- --
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $9,430,000 Purchase Money Mortgage
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73451393

MLS Property Information Network (MLS PIN)

APN: NEWT-000041-000014-000010