Seller's Agent in 2021
Patricia Fitzgerald
Brad Hutchinson Real Estate
(781) 248-5055
7 in this area
64 Total Sales
38 Albion St Unit 40 Melrose, MA 02176
Melrose Highlands NeighborhoodEstimated Value: $1,137,000 - $1,326,000
6
Beds
3
Baths
3,512
Sq Ft
$343/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Fenced Yard
- Tankless Water Heater
- Roosevelt Elementary School Rated A
- Porch
- 3-minute walk to Dunton Park
About This Home
As of August 2021Here is your second chance! Fantastic opportunity to own this 3 UNIT MULTIFAMILY seldom available in Melrose. Great income potential or perfect for multi generational living! Apartments offer large bright rooms, freshly refinished hardwood floors, lots of updated windows, laundry hook ups in each unit & double driveways allowing for ample off street parking. 1st floor apt offers 2 bdrs, 2nd floor apartment 3 bdrs & both have open Living/Dining rms with built in China cabinets & large eat-in kitchens. 3rd floor apartment consists of living room, kitchen, one bedroom, full bath & walk-in cedar closet. Lots of storage in the basement. This property has great curb appeal, a beautiful private level yard & the location couldn't be better! Public transportation, schools & shopping just around the corner & easy proximity to downtown Melrose & highway access! Don't miss out if you are looking for an investment or extended family living! Great Melrose neighborhood!
Last Agent to Sell the Property
Brad Hutchinson Real Estate Listed on: 06/03/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $91
Year Built
- Built in 1928
Lot Details
- Fenced Yard
Flooring
- Wood
- Tile
Outdoor Features
- Rain Gutters
- Porch
Schools
- Melrose High School
Utilities
- Water Holding Tank
- Tankless Water Heater
- Natural Gas Water Heater
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2021
Closed on
Aug 4, 2021
Sold by
Macdonald Elsie D Est and Fox
Bought by
Maharjan Subarna and Maharjan Minu
Seller's Agent
Patricia Fitzgerald
Brad Hutchinson Real Estate
Buyer's Agent
Rajit Shrestha
360 Realty LLC
List Price
$889,900
Sold Price
$1,010,000
Premium/Discount to List
$120,100
13.5%
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
$227,848
Avg. Annual Appreciation
2.89%
Original Mortgage
$808,000
Outstanding Balance
$746,678
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$385,416
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 |
|---|---|---|---|
| Maharjan Subarna | $1,010,000 | None Available | |
| Maharjan Subarna | $1,010,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Maharjan Subarna | $808,000 | |
| Closed | Maharjan Subarna | $808,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2021 08/04/21 | Sold | $1,010,000 | +13.5% | $288 / Sq Ft |
| 06/30/2021 06/30/21 | Pending | -- | -- | -- |
| 06/26/2021 06/26/21 | For Sale | $889,900 | 0.0% | $253 / Sq Ft |
| 06/10/2021 06/10/21 | Pending | -- | -- | -- |
| 06/03/2021 06/03/21 | For Sale | $889,900 | -- | $253 / 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 | $91 | $922,100 | $471,100 | $451,000 |
| 2024 | $8,768 | $883,000 | $457,300 | $425,700 |
| 2023 | $8,649 | $830,000 | $415,700 | $414,300 |
| 2022 | $8,627 | $816,200 | $415,700 | $400,500 |
| 2021 | $8,108 | $740,500 | $388,000 | $352,500 |
| 2020 | $7,673 | $694,400 | $346,400 | $348,000 |
| 2019 | $7,098 | $656,600 | $320,100 | $336,500 |
| 2018 | $6,980 | $616,100 | $291,000 | $325,100 |
| 2017 | $6,835 | $579,200 | $277,100 | $302,100 |
| 2016 | $6,285 | $509,700 | $270,200 | $239,500 |
| 2015 | $5,890 | $454,500 | $235,600 | $218,900 |
| 2014 | $5,667 | $426,700 | $207,800 | $218,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2021
Rajit Shrestha
360 Realty LLC
(617) 824-0724
2 in this area
147 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72842298
APN: MELR-000011C-000000-000046
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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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