NOT LISTED FOR SALE

408 Lebanon St Unit 16 Melrose, MA 02176

Oak Grove-Pine Banks Neighborhood

Estimated Value: $656,000 - $844,000

2 Beds
2 Baths
1,680 Sq Ft
1896 Built

Last Sold September 01, 2015

Last sale price $401,000 $239 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $3,849/month

About This Home

As of September 2017

Stunning, oversized 2 bed, 2 bath in converted schoolhouse. Soaring ceilings, huge windows, tons of natural light. Owner moving out of state after extensive renovation. He cannot bear to part with this gem so it is now available to rent. Can be offered furnished to the right individual who will recognize and take care of high-end furniture. Magazine-worthy kitchen and baths. Sophisticated, white high gloss kitchen cabinets, grey quartz counters, SS appliances. Tiled shower with frameless door, quartz counter. All the colors and finishes you see on HGTV. Open entertaining floor plan. One BR, full bath and laundry on the main living level. Large, lofted Master BR with en-suite bath is on the 2nd floor. Numerous closets, hardwood floors, 2 deeded parking spaces. Adjacent to a park with a playground and basketball court. Just 9 miles to Boston. An 8-minute walk to Melrose Center (Starbucks, shops, restaurants) and the commuter rail. Then just 15 minutes to Boston. Checks off all the boxes!

Last Agent to Rent the Property

Patricia Baker

Keller Williams Realty Listed on: 09/13/2017

Keller Williams Realty

Last Renter's Agent

Zach McCarthy

Horizon Capital Realty License #453013951

Condo Details

Home Type

Condominium

Est. Annual Taxes

$61

Year Built

1896

Lot Details

0

Rental Info

  • Deposit Required: Yes
  • First Month Req: Yes
  • Insurance Required: Yes
  • Last Month Req: Yes
  • Lead Paint: Unknown
  • References Req: Yes
  • Rental Terms: Lease
  • Rent Includes: Water, Sewerage Disposal, Refuse Removal, Snow Removal, Grounds Maintenance, Parking
  • Security Deposit: 2700.00
  • Term Of Rental: 10 mos
  • Unit In Building: 16
  • Unit Level: 3
  • Year Round: Yes
  • Date Available: 10/09/2017
  • Rental Type: Condominium

Listing Details

  • Property Class: Rental
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1896

Interior Features

  • Primary Bathroom: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Conservation Area, Highway Access, House of Worship, Public School, T-Station
  • No Bedrooms: 2
  • Full Bathrooms: 2
  • Main Lo: BB5522
  • Main So: NB2211
  • Estimated Sq Ft: 1680.00

Garage/Parking

  • Parking Spaces: 2

Utilities

  • Air Conditioner: Yes

Condo/Co-op/Association

  • Condo Association: Yes

Lot Info

  • Assessor Parcel Number: M:0D6 P:0022-16
  • Lot Size: 999.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2015
Closed on
Sep 1, 2015
Sold by
Zatsky Shelley and Hinchcliffe Scott
Bought by
Ianelli Joseph J
Seller's Agent
Annette Gregorio
Leading Edge Real Estate
Buyer's Agent
Lynn O'Connell
Leading Edge Real Estate
List Price
$364,900
Sold Price
$401,000
Premium/Discount to List
$36,100
9.89%
Current Estimated Value
$734,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333,412
Avg. Annual Appreciation
6.14%
Original Mortgage
$380,950
Outstanding Balance
$301,037
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$433,375

Purchase Details

Closed on
Aug 14, 2009
Sold by
Nappi Gregory
Bought by
Zatsky Shelley and Hinchcliffe Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,789
Interest Rate
5.31%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 1992
Sold by
Cramer Jeffrey S and Berkley Julia R
Bought by
Nappi Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,098
Interest Rate
8.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ianelli Joseph J $401,000 --
Zatsky Shelley $310,000 --
Nappi Gregory $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ianelli Joseph J $380,950
Previous Owner Nappi Gregory $303,789
Previous Owner Zatsky Shelley $304,385
Previous Owner Nappi Gregory $99,000
Previous Owner Nappi Gregory $102,098
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2017 09/29/17 Under Contract -- -- --
09/27/2017 09/27/17 Rented $2,500 0.0% --
09/19/2017 09/19/17 Price Changed $2,500 -7.4% $1 / Sq Ft
09/13/2017 09/13/17 For Rent $2,700 0.0% --
09/01/2015 09/01/15 Sold $401,000 0.0% $239 / Sq Ft View Prior Sale
08/06/2015 08/06/15 Pending -- -- --
07/28/2015 07/28/15 Off Market $401,000 -- --
07/22/2015 07/22/15 For Sale $364,900 -- $217 / 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 $61 $615,500 $0 $615,500
2024 $6,049 $609,200 $0 $609,200
2023 $5,990 $574,900 $0 $574,900
2022 $5,847 $553,200 $0 $553,200
2021 $5,327 $486,500 $0 $486,500
2020 $5,376 $486,500 $0 $486,500
2019 $5,129 $474,500 $0 $474,500
2018 $4,644 $409,900 $0 $409,900
2017 $4,447 $376,900 $0 $376,900
2016 $4,225 $342,700 $0 $342,700
2015 $4,124 $318,200 $0 $318,200
2014 $4,090 $308,000 $0 $308,000
Source: Public Records

Agents Affiliated with this Home

  • Patricia Baker

    Landlord's Agent in 2017

    Patricia Baker

    Keller Williams Realty

    (617) 872-0033

    110 Total Sales

    Patricia Baker
    Section Image

  • Z

    Tenant's Agent in 2017

    Zach McCarthy

    Horizon Capital Realty

    Section Image
  • Annette Gregorio

    Seller's Agent in 2015

    Annette Gregorio

    Leading Edge Real Estate

    (617) 548-3180

    1 in this area

    43 Total Sales

    Annette Gregorio
    Section Image

  • L

    Buyer's Agent in 2015

    Lynn O'Connell

    Leading Edge Real Estate

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72228309

MLS Property Information Network (MLS PIN)

APN: MELR-000006D-000000-000022-000016

Massachusetts Middlesex County Melrose 02176 Oak Grove-Pine Banks

408 Lebanon St Unit 16, Melrose, MA

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