Seller's Agent in 2023
Philip Smith
Gibson Sotheby's International Realty
(617) 264-7900
2 in this area
32 Total Sales
45 Spear St Melrose, MA 02176
Melrose East Side NeighborhoodEstimated Value: $897,000 - $1,014,558
3
Beds
2.5
Baths
1,929
Sq Ft
$488/Sq Ft
Est. Value
Highlights
- Deck
- Garrison Architecture
- 1 Fireplace
- Winthrop Elementary School Rated A
- Wood Flooring
- No HOA
About This Home
As of February 2023Outstanding opportunity to live in an absolutely prime Melrose location. Come see this spacious and well cared for home situated near the coveted Hoover elementary school. A wonderful layout in this bright and sunny three bedroom, two and a half bath property complete with central air conditioning, first floor hardwood floors (carpets on second floor), recessed lighting, ample closet space and more. Cozy up to the gas fireplace in the enclosed rear porch overlooking the large, level backyard and stylish rear deck. In addition, the third floor has just over 750sq.ft. of easily finishable living space(buyer to do their own due diligence); bring your ideas and add instant value.
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 01/04/2023
Last Buyer's Agent
Jackie Goodwin
Lamacchia Realty, Inc. License #454008456
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,896
Year Built
- Built in 1952
Lot Details
- 5,920 Sq Ft Lot
- Fenced
- Level Lot
- Garden
Home Design
- Garrison Architecture
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,929 Sq Ft Home
- 1 Fireplace
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 3 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Deck
- Enclosed Patio or Porch
- Rain Gutters
Utilities
- Central Air
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 655411
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 19, 2002
Sold by
Ellis John E and Simpson Steven J
Bought by
Mohammed Franklyn and Mohammed Lorayne
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
$289,000
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 28, 2001
Sold by
Norman Wilfred J
Bought by
Ellis John E and Ellis John P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
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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 |
|---|---|---|---|
| Mohammed Franklyn | $389,000 | -- | |
| Ellis John E | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Huffman William C | $582,000 | |
| Closed | Mohammed Franklyn | $149,730 | |
| Closed | Mohammed Franklyn | $290,000 | |
| Closed | Mohammed Franklyn | $289,000 | |
| Previous Owner | Norman Wilfred J | $175,000 | |
| Previous Owner | Norman Wilfred J | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2023 02/28/23 | Sold | $882,000 | -1.9% | $457 / Sq Ft |
| 01/23/2023 01/23/23 | Pending | -- | -- | -- |
| 01/13/2023 01/13/23 | Price Changed | $899,000 | -2.8% | $466 / Sq Ft |
| 01/04/2023 01/04/23 | For Sale | $925,000 | -- | $480 / 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 | $76 | $771,100 | $422,800 | $348,300 |
| 2024 | $7,300 | $735,100 | $395,500 | $339,600 |
| 2023 | $7,049 | $676,500 | $368,200 | $308,300 |
| 2022 | $6,896 | $652,400 | $354,600 | $297,800 |
| 2021 | $6,741 | $615,600 | $340,900 | $274,700 |
| 2020 | $6,503 | $588,500 | $313,700 | $274,800 |
| 2019 | $5,987 | $553,800 | $300,000 | $253,800 |
| 2018 | $5,696 | $502,700 | $248,900 | $253,800 |
| 2017 | $5,542 | $469,700 | $238,700 | $231,000 |
| 2016 | $5,159 | $418,400 | $211,400 | $207,000 |
| 2015 | $5,187 | $400,200 | $211,400 | $188,800 |
| 2014 | $5,088 | $383,100 | $194,300 | $188,800 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Smith
-
J
Buyer's Agent in 2023
Jackie Goodwin
Lamacchia Realty, Inc.
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73068065
APN: MELR-000004E-000000-000118
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