40 Cutter St Melrose, MA 02176
Wyoming NeighborhoodEstimated Value: $821,000 - $842,000
5
Beds
2
Baths
2,031
Sq Ft
$410/Sq Ft
Est. Value
Highlights
- Deck
- Property is near public transit
- Corner Lot
- Lincoln Elementary School Rated A-
- Wood Flooring
- Jogging Path
About This Home
As of February 2024LOCATION, LOCATION, LOCATION - Well cared for turn-key 2-family, low maintenance and each unit is certified de-leaded. Ideal for owner occupied or investment. Top floor unit has 3 bedrooms, living, dining room and kitchen and large deck. The lower unit has 2 bedrooms, livingroom and kitchen. In the lower level there is storage/utility room and laundry for both units. Manageable yard with storage shed. Both tenants would like to stay if possible. All this in wonderful Melrose with good shopping and restaurants, close to Boston and highway.
Last Agent to Sell the Property
Barrett Sotheby's International Realty Listed on: 10/26/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,050
Year Built
- Built in 1970
Lot Details
- 4,700 Sq Ft Lot
- Corner Lot
Home Design
- Duplex
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,031 Sq Ft Home
- Property has 1 Level
- Dishwasher
Flooring
- Wood
- Wall to Wall Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Deck
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 1 Heating Zone
- Heating Available
Listing and Financial Details
- Total Actual Rent $4,275
- Rent includes unit 1(heat water), unit 2(heat electric hot water)
- Legal Lot and Block 000051 / 0A7
- Assessor Parcel Number 652161
Community Details
Amenities
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Additional Features
- 2 Units
- Net Operating Income $29,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 14, 1999
Sold by
Paquette Dara
Bought by
Callahan Colleen C and Cummings Brian T
Total Days on Market
4
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
$223,200
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 27, 1987
Sold by
Lilly Everett A
Bought by
Bartlett Walter E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
10.67%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Melrose, MA
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 |
|---|---|---|---|
| Callahan Colleen C | $248,000 | -- | |
| Bartlett Walter E | $225,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Appleton Brian T | $535,000 | |
| Closed | Appleton Brian T | $535,000 | |
| Closed | Levasseur Amie E | $130,000 | |
| Closed | Levasseur Amie E | $401,149 | |
| Closed | Cummings Brian T | $50,000 | |
| Closed | Bartlett Walter E | $223,200 | |
| Previous Owner | Bartlett Walter E | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2024 02/07/24 | Sold | $785,000 | +4.7% | $387 / Sq Ft |
| 10/31/2023 10/31/23 | Pending | -- | -- | -- |
| 10/26/2023 10/26/23 | For Sale | $749,900 | +80.7% | $369 / Sq Ft |
| 09/12/2012 09/12/12 | Sold | $415,000 | -2.4% | $191 / Sq Ft |
| 08/13/2012 08/13/12 | Pending | -- | -- | -- |
| 07/11/2012 07/11/12 | For Sale | $425,000 | -- | $196 / 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 | $75 | $754,400 | $457,500 | $296,900 |
| 2024 | $7,186 | $723,700 | $444,000 | $279,700 |
| 2023 | $7,050 | $676,600 | $403,700 | $272,900 |
| 2022 | $7,053 | $667,300 | $403,700 | $263,600 |
| 2021 | $6,799 | $620,900 | $376,700 | $244,200 |
| 2020 | $6,380 | $577,400 | $336,400 | $241,000 |
| 2019 | $5,877 | $543,700 | $310,800 | $232,900 |
| 2018 | $5,748 | $507,300 | $282,600 | $224,700 |
| 2017 | $5,636 | $477,600 | $269,100 | $208,500 |
| 2016 | $5,566 | $451,400 | $262,400 | $189,000 |
| 2015 | $5,197 | $401,000 | $228,700 | $172,300 |
| 2014 | $4,968 | $374,100 | $201,800 | $172,300 |
Source: Public Records
Agents Affiliated with this Home
-
Maryanne Randall
M
Seller's Agent in 2024
Maryanne Randall
Barrett Sotheby's International Realty
1 in this area
53 Total Sales
-
Lisa May
Buyer's Agent in 2024
Lisa May
Gibson Sothebys International Realty
(617) 429-3188
1 in this area
133 Total Sales
-
Richard Hornblower
Seller's Agent in 2012
Richard Hornblower
Coldwell Banker Realty - Boston
(617) 694-0091
93 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73174438
APN: MELR-000007A-000000-000051
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