NOT LISTED FOR SALE

Estimated Value: $1,025,000 - $1,334,879

6 Beds
3 Baths
2,923 Sq Ft
$399/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2020

Last sale price $867,500 $297 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,411 / mo

3 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch
  • Lincoln Elementary School Rated A-
  • Fenced Yard
  • 5-minute walk to The Cascade

About This Home

As of March 2020

Stunning and spacious, renovated two-family in a fantastic neighborhood! Upper 4 bed, 1 ½ bath unit offers 2 living levels w/bright and sunny LR/DR combo. The updated eat-in kitchen boasts gas appliances, granite countertops, gleaming hardwood floors, and a beautiful back deck. The 1st-floor unit has 2 beds & 1 bath with high ceilings, natural woodwork, and porch. Vinyl siding and an updated gas heat system with separate utilities, laundry and replacement windows in both units round out this once-in-a-lifetime property. There is also plenty of off-street parking. It's close to the park, where you can enjoy hiking, biking, and fishing in the Lynn Fells Reservation. Just minutes from the Orange line/Oak grove station and Route 93. Two families of this quality are quite rare in Melrose so don't miss out on this exceptional property! Both units leased until August 31st for a nice income flow.

Last Agent to Sell the Property

Michael Lyons

Compass Listed on: 01/19/2020

Compass

Last Buyer's Agent

Michael Lyons

Compass Listed on: 01/19/2020

Compass

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,098

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters
  • Porch

Additional Features

  • Wood Flooring
  • Fenced Yard
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0B5 P:0000053

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.50
  • Year Built Description: Actual
  • List Price Per Sq Ft: 300.72
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Flooring: Hardwood
  • Total Flrs: 3
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Fbh: 2
  • Total Hbh: 1
  • No Rooms: 10
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN2383
  • Main So: AN2383
  • Estimated Sq Ft: 2923.00

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch, Deck, Patio, Gutters, Fenced Yard
  • Foundation: Concrete Block
  • Foundation Size: 5008

Garage/Parking

  • Parking Feature: Off-Street, Improved Driveway, Paved Driveway
  • Parking Spaces: 5

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 110 Volts, Circuit Breakers
  • Cooling Zones: 2
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Cooling Units: 2

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station

Lot Info

  • Assessments: 706200.00
  • Acre: 0.14
  • Lot Size: 6183.00
  • Page: 268
  • Parcel Number: M:0B5 P:0000053
  • Zoning: URB
  • Lot Description: Paved Drive

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rent: 4550
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 7634.00
  • Assessor Parcel Number: 652787

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2020
Closed on
Mar 17, 2020
Sold by
Bought by
Seller's Agent
Michael Lyons
Compass
Buyer's Agent
Michael Lyons
Compass
List Price
$879,000
Sold Price
$867,500
Premium/Discount to List
-$11,500
-1.31%
Current Estimated Value
$1,164,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,470
Avg. Annual Appreciation
4.71%
Original Mortgage
$694,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 6, 2012
Closed on
Jul 31, 2012
Sold by
Bought by
Seller's Agent
Erica Bianco
Berkshire Hathaway HomeServices Commonwealth Real Estate
Buyer's Agent
Shawn Sullivan
REMAX Andrew Realty Services
List Price
$499,900
Sold Price
$480,000
Premium/Discount to List
-$19,900
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$384,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$867,500 None Available
$480,000 --
$515,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $178,000
Open $656,000
Closed $694,000
Previous Owner $384,000
Closed $112,500
Previous Owner $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2020 03/27/20 Sold $867,500 -1.3% $297 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
01/19/2020 01/19/20 For Sale $879,000 +83.1% $301 / Sq Ft
07/31/2012 07/31/12 Sold $480,000 -4.0% $166 / Sq Ft View Prior Sale
07/01/2012 07/01/12 Pending -- -- --
06/06/2012 06/06/12 For Sale $499,900 -- $173 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $98 $993,300 $465,000 $528,300
2024 $9,452 $951,900 $451,400 $500,500
2023 $9,313 $893,800 $410,300 $483,500
2022 $9,287 $878,600 $410,300 $468,300
2021 $8,669 $791,700 $383,000 $408,700
2020 $8,231 $744,900 $341,900 $403,000
2019 $7,634 $706,200 $315,900 $390,300
2018 $7,533 $664,900 $287,200 $377,700
2017 $7,296 $618,300 $273,500 $344,800
2016 $7,006 $568,200 $266,700 $301,500
2015 $6,746 $520,500 $232,500 $288,000
2014 $6,188 $466,000 $205,200 $260,800
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72609513

MLS Property Information Network (MLS PIN)

APN: MELR-000005B-000000-000053

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