NOT LISTED FOR SALE

Estimated Value: $1,038,000 - $1,596,000

5 Beds
6 Baths
2,931 Sq Ft
$438/Sq Ft Est. Value

Sale Details

Date Sold: June 20, 2023

Last sale price $1,540,000 $525 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $6,824 / mo

4 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Deck
  • Lincoln Elementary School Rated A-
  • Fruit Trees
  • 3-minute walk to Gooch Park

About This Home

As of June 2023

Welcome to 40 Cleveland Street! On a quiet tree-lined one way street in Melrose just blocks from the train to Boston and Main Street, this newly renovated Condo Quality 2 Family, has all of the modern amenities one could hope for in a brand new home or investment. The kitchens are showstoppers w/ quartz countertops & marble backsplash w/ professional grade SS appliances. The open concept is wonderful for entertaining and cooking for family & friends while still being a part of the action. Tons of natural light floods the oak hardwood floors from the bay windows into the living/dining areas and a pocket doors hide convenient 1/2 baths. generous sized bedrooms with en-suite bathrooms and high end finishes throughout. The entire building was gut renovated, new systems, electrical, plumbing, framing, siding, roofing, everything! Each unit has in unit laundry hookups. Individually metered. Private Decks. Off street parking and a shared yard with a giant pear tree!

Last Agent to Sell the Property

Taylor Johnson

Keller Williams Realty Evolution Listed on: 04/20/2023

Keller Williams Realty Evolution

Last Buyer's Agent

Samantha Jason Lehman

Donnelly + Co.

Donnelly + Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,117

Year Built

  • Built in 1900

Lot Details

  • 5,288 Sq Ft Lot
  • Fenced
  • Level Lot
  • Fruit Trees

Home Design

  • Post and Beam
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,931 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Mud Room
  • Plumbed For Ice Maker
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • Property is near public transit and schools

Schools

  • Lincoln Elementary School
  • Melrose Middle School
  • Melrose High School

Utilities

  • 4 Cooling Zones
  • 4 Heating Zones
  • Separate Meters
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 653068

Community Details

Overview

  • 2 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,117

Year Built

Built in 1900

Lot Details

5,288 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Tile,Vinyl,Hardwood
  • Interior Amenities: Mudroom
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tank Water Heaterless, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6
  • Laundry Features: Washer Hookup
  • Basement: Full, Finished, Interior Entry, Sump Pump
  • Living Area: 2931
  • Spa YN: No
  • Stories Total: 4
  • Window Features: Insulated Windows, Screens
  • MAIN LO: C95098
  • MAIN SO: M59500

Exterior Features

  • Exterior Features: Fruit Trees
  • Construction Materials: Frame, Post & Beam
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Vinyl, Deck - Composite, Covered
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Asphalt/Composition Shingles
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup, Icemaker Connection
  • Electric: Circuit Breakers, Individually Metered
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 4
  • COOLING ZONES: 4

Condo/Co-op/Association

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

Lot Info

  • Parcel Number: 653068
  • Zoning: URA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5288
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7117

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • COOLING UNITS: 2
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Melrose High
  • Elementary School: Lincoln
  • Middle Or Junior School: Melrose

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Bailey Erin L and Hackett Margaret E
Bought by
Hackett Margaret E
Current Estimated Value
$1,284,928

Purchase Details

Closed on
Sep 19, 1975
Bought by
Lee George and Lee Carol A
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Hackett Margaret E -- None Available
Hackett Margaret E -- None Available
Bailey Erin L -- None Available
Lee George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee George $56,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $1,540,000 -0.6% $525 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $1,550,000 -- $529 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $135 $1,360,700 $460,500 $900,200
2024 $12,034 $1,211,900 $446,900 $765,000
2023 $7,117 $683,000 $406,300 $276,700
2022 $7,120 $673,600 $406,300 $267,300
2021 $6,753 $616,700 $379,200 $237,500
2020 $6,333 $573,100 $338,600 $234,500
2019 $5,832 $539,500 $312,900 $226,600
2018 $5,701 $503,200 $284,400 $218,800
2017 $5,538 $469,300 $270,900 $198,400
2016 $5,415 $439,200 $264,100 $175,100
2015 $5,237 $404,100 $230,200 $173,900
2014 $4,774 $359,500 $203,200 $156,300
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73101002

MLS Property Information Network (MLS PIN)

APN: MELR-000007B-000000-000003

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