NOT LISTED FOR SALE

Estimated Value: $471,721 - $556,000

1 Bed
1 Bath
994 Sq Ft
$205/mo HOA Fee

Last Sold June 10, 2022

Last sale price $428,500 $431 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,921/month

Highlights

  • Golf Course Community
  • Property is near public transit
  • Community Pool
  • Lincoln Elementary School Rated A-
  • Wood Flooring
  • 2-minute walk to Foss Park

About This Home

As of June 2022

OH CANCELED! BUYER ACCEPTED AN OFFER. Rarely available in Washington Estates, this expansive 1 bedroom plus has plenty of space for both downsizers and first time buyers. High ceilings and a wonderful open floor plan in a well-run condo association walking distance to downtown Melrose. Unwinding in the open living room is a wonderful way to end a long day. The bonus space makes for a convenient guest room, office, workout room, or makerspace. The bedroom is large with 2 nicely sized closets. The kitchen has lots of cabinets and a convenient pantry - It can be used as-is or customize it to your liking. With in-unit laundry, Nest thermostat, NEW hot water heater, central AC, hardwood flooring, and 1 off-street parking space, this unit has everything you’re looking for. Close to the commuter rail station, 93 and Rt 1, numerous playgrounds, and lots of restaurants. 408 Lebanon #13 brings with it a wonderful lifestyle and community.

Last Agent to Sell the Property

Jessica Cohen

Gibson Sotheby's International Realty Listed on: 05/12/2022

Gibson Sotheby's International Realty

Last Buyer's Agent

O'Connor & Highland

Keller Williams Realty Boston-Metro | Back Bay

Keller Williams Realty Boston-Metro | Back Bay

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,579

Year Built

  • Built in 1896

HOA Fees

  • $205 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 994 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Assigned Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Water Heater

Additional Features

  • Level Entry For Accessibility
  • Near Conservation Area

Listing and Financial Details

  • Assessor Parcel Number M:0D6 P:002213,654711

Community Details

Overview

  • Association fees include water, sewer, insurance, security, ground maintenance, snow removal, trash, reserve funds
  • 18 Units
  • Mid-Rise Condominium
  • Washington Estates Condominiums Community

Amenities

  • Community Garden
  • Shops
  • Coin Laundry

Recreation

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

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,579

Year Built

Built in 1896

Lot Details

0

HOA Fees

$205 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1896
  • Buyer Agency Type: %
  • Entry Level: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Hardwood
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Trash Compactor,Microwave,Refrigerator,Washer,Dryer, Tank Water Heater
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: In Unit
  • Accessibility Features: Accessible Entrance
  • Living Area: 994
  • Stories Total: 1
  • MAIN LO: BB5918
  • MAIN SO: BB5522

Exterior Features

  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Assigned
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Garden Area
  • Association Fee: 204.74
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, Bike Path, Conservation Area, Private School, Public School, T-Station
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Security, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: M:0D6 P:002213,654711
  • Zoning: URB
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes

Rental Info

  • Pets Allowed: Breed Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3579

Multi Family

  • Number Of Units Total: 18
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2015
Closed on
Aug 14, 2015
Sold by
Torto Elissa M
Bought by
Jaffe Phillip
Seller's Agent
Helen Bolino
Berkshire Hathaway HomeServices Commonwealth Real Estate
Buyer's Agent
Jessica Cohen
Gibson Sotheby's International Realty
List Price
$249,900
Sold Price
$263,000
Premium/Discount to List
$13,100
5.24%
Current Estimated Value
$518,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,430
Avg. Annual Appreciation
6.87%
Original Mortgage
$210,400
Outstanding Balance
$165,759
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$352,671

Purchase Details

Listed on
Apr 25, 2012
Closed on
Jun 26, 2012
Sold by
Abbott Lois V
Bought by
Torto Elissa M
Seller's Agent
Philip Kukura
Brad Hutchinson Real Estate
Buyer's Agent
Helen Bolino
Berkshire Hathaway HomeServices Commonwealth Real Estate
List Price
$219,900
Sold Price
$203,750
Premium/Discount to List
-$16,150
-7.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.50%
Original Mortgage
$40,750
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2002
Sold by
Abbott Cheryl D
Bought by
Abott Richard E and Abbott Lois V

Purchase Details

Closed on
Jul 31, 1995
Sold by
Coffill Lisa C
Bought by
Abbott Cheryl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,800
Interest Rate
7.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 1988
Sold by
Cedar Pk Assoc Ltd
Bought by
Calla Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
9.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Jaffe Phillip $263,000 --
Torto Elissa M $203,750 --
Abott Richard E $170,000 --
Abbott Cheryl D $106,000 --
Calla Lisa M $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaffe Phillip $210,400
Previous Owner Torto Elissa M $40,750
Previous Owner Torto Elissa M $156,887
Previous Owner Calla Lisa M $84,800
Previous Owner Calla Lisa M $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2022 06/10/22 Sold $428,500 +14.3% $431 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $375,000 +42.6% $377 / Sq Ft
08/14/2015 08/14/15 Sold $263,000 0.0% $265 / Sq Ft View Prior Sale
06/30/2015 06/30/15 Pending -- -- --
06/17/2015 06/17/15 Off Market $263,000 -- --
06/11/2015 06/11/15 For Sale $249,900 +22.7% $251 / Sq Ft
06/26/2012 06/26/12 Sold $203,750 -7.3% $205 / Sq Ft View Prior Sale
05/25/2012 05/25/12 Pending -- -- --
04/25/2012 04/25/12 For Sale $219,900 -- $221 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

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 $41 $410,300 $0 $410,300
2024 $4,031 $405,900 $0 $405,900
2023 $3,673 $352,500 $0 $352,500
2022 $3,579 $338,600 $0 $338,600
2021 $3,255 $297,300 $0 $297,300
2020 $3,285 $297,300 $0 $297,300
2019 $3,125 $289,100 $0 $289,100
2018 $2,818 $248,700 $0 $248,700
2017 $2,935 $248,700 $0 $248,700
2016 $2,794 $226,600 $0 $226,600
2015 -- $210,400 $0 $210,400
2014 $2,708 $203,900 $0 $203,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72980750

MLS Property Information Network (MLS PIN)

APN: MELR-000006D-000000-000022-000013