R
Seller's Agent in 2021
Richard Ferrari
Century 21 North East
(857) 350-2585
2 in this area
18 Total Sales
50 Albion St Unit 52 Melrose, MA 02176
Melrose Highlands NeighborhoodEstimated Value: $1,025,000 - $1,184,023
5
Beds
2.5
Baths
2,390
Sq Ft
$453/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Enclosed Patio or Porch
- Heating Available
- Roosevelt Elementary School Rated A
- Laundry Room
- 2-minute walk to Dunton Park
About This Home
As of September 2021Looking for that perfect INCOME PROPERTY in Melrose? Or maybe you need space for EXTENDED FAMILY LIVING. Either way this 2 FAM is the one! Beautiful tree-lined QUIET STREET close to everything- commuter rail, shopping, restaurants, cafe's, grocery stores. Nature lover? Close to the Fells reservation and Ell Pond. House has been painted, landscaped & cleaned- READY to move in or rent! SEPARATE entrances and utilities/heat make renting a breeze! Gleaming HARDWOOD floors throughout both units. Downstairs is 2BR, newly renovated bath w. new washer/dryer in unit. Upstairs has 3BR potential, or 2BR and office space. House is filled w. CLASSICAL BEAUTY. Look at the dining room BUILT-INS on each level! Tons of NATURAL LIGHT all day. Massive CURB APPEAL. Ornamental trees, shrubs & grass area to enjoy in PEACEFUL backyard. Pride of ownership is obvious! Storage in attic AND basement. Water tanks < 1 yr old, boilers regularly serviced, oil tanks < 10 yrs. You will want to MAKE THIS ONE YOURS!!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,284
Year Built
- Built in 1929
Lot Details
- 7,405
Home Design
- Duplex
- Block Foundation
- Shingle Roof
Interior Spaces
- 2,390 Sq Ft Home
- Property has 1 Level
Kitchen
- Microwave
- Freezer
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Laundry Room
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 6 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- No Cooling
- Heating Available
- Natural Gas Connected
Additional Features
- Enclosed Patio or Porch
- 7,405 Sq Ft Lot
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number M:C11 P:0000049,658711
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2021
Closed on
Sep 13, 2021
Sold by
Hong Rolland C Est
Bought by
Zarella Daniel R and Zarella Renee
Seller's Agent
Richard Ferrari
Century 21 North East
Buyer's Agent
Jill Leeman
Compass
List Price
$749,000
Sold Price
$877,000
Premium/Discount to List
$128,000
17.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,756
Avg. Annual Appreciation
3.79%
Original Mortgage
$657,750
Outstanding Balance
$604,989
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$412,889
Purchase Details
Closed on
Feb 13, 1975
Bought by
Hong Rolland and Hong Jean Y
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zarella Daniel R | $877,000 | None Available | |
| Hong Rolland | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zarella Daniel R | $657,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2021 09/14/21 | Sold | $877,000 | +17.1% | $367 / Sq Ft |
| 08/03/2021 08/03/21 | Pending | -- | -- | -- |
| 07/29/2021 07/29/21 | For Sale | $749,000 | -- | $313 / 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 | $94 | $951,800 | $470,400 | $481,400 |
| 2024 | $9,038 | $910,200 | $456,600 | $453,600 |
| 2023 | $8,932 | $857,200 | $415,100 | $442,100 |
| 2022 | $7,657 | $724,400 | $415,100 | $309,300 |
| 2021 | $7,284 | $665,200 | $387,400 | $277,800 |
| 2020 | $6,850 | $619,900 | $345,900 | $274,000 |
| 2019 | $6,315 | $584,200 | $319,600 | $264,600 |
| 2018 | $6,185 | $545,900 | $290,600 | $255,300 |
| 2017 | $6,057 | $513,300 | $276,700 | $236,600 |
| 2016 | $5,899 | $478,400 | $269,800 | $208,600 |
| 2015 | $5,511 | $425,200 | $235,200 | $190,000 |
| 2014 | $5,279 | $397,500 | $207,500 | $190,000 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Ferrari
-
Jill Leeman
Buyer's Agent in 2021
Jill Leeman
Compass
(781) 307-1243
9 in this area
73 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72873284
APN: MELR-000011C-000000-000049
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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