NOT LISTED FOR SALE

Estimated Value: $1,284,000 - $1,439,444

7 Beds
3 Baths
4,100 Sq Ft
$337/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $1,298,000 $317 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,511/month

5 Days on Market

Highlights

  • Property is near public transit
  • 2-minute walk to Shawmut Station
  • Storm Windows
  • Wood Flooring
  • Jogging Path
  • Park

About This Home

As of June 2022

Introducing 55 Melville Avenue… Charm and elegance adorn this capacious, sun-drenched Queen Anne Victorian home. Located in highly sought-after Melville Park, it offers a gracious layout with formal living areas, hardwood floors and high ceilings on all three floors. It is filled with beautiful turn-of-the-century details including dentil moldings, stained glass, decorative fireplaces, newell posts, pocket doors, rounded bay windows, and pantries with leaded glass cabinets. The units are well-maintained and the rental income has upside potential. The outdoor area includes a large fenced backyard with an expansive composite deck and front porches on the first and second floors. 2-car garage parking and plenty of off-street parking available. Just steps to the Shawmut Red Line T stop.

Last Agent to Sell the Property

Declan O'Toole

SelectRE Boston Listed on: 05/09/2022

Last Buyer's Agent

Jack Liang

Liang Properties LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,545

Year Built

  • Built in 1910

Lot Details

  • 8,103

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,100 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Insulated Doors

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Interior Basement Entry
  • Block Basement Construction

Home Security

  • Storm Windows
  • Storm Doors

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Bulkhead
  • 8,103 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $5,750
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number W:17 P:00844 S:000,1297483

Community Details

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $69,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,545

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1910
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Transaction Broker: 2-4
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Pantry,Cathedral/Vaulted Ceilings,Storage,Crown Molding,Stone/Granite/Solid Counters,High Speed Internet Hookup,Bathroom With Tub & Shower,Internet Available - Broadband), Unit 2(Cathedral/Vaulted Ceilings,Storage,Crown Molding,High Speed Internet Hookup,Bathroom With Tub & Shower,Internet Available - Broadband), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Family Room,Mudroom), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Family Room,Mudroom)
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator)
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Interior Entry, Bulkhead, Concrete, Unfinished
  • Living Area: 4100
  • Stories Total: 4
  • Window Features: Insulated Windows, Storm Window(s)
  • MAIN LO: NB2615
  • LIST PRICE PER Sq Ft: 304.63
  • PRICE PER Sq Ft: 316.59
  • MAIN SO: AN7109

Exterior Features

  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Driveway
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Oil), Unit 2(Central Heat,Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: BWSC

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Parcel Number: W:17 P:00844 S:000,1297483
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8103
  • Lot Size Units: Acres
  • PAGE: 251

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9545
  • Tax Book Number: 53240

Multi Family

  • Gross Income: 69000
  • Net Operating Income: 69000
  • Number Of Units Total: 2
  • Total Actual Rent: 5750
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Vo Hoangvu M
Bought by
Hlv Ft 2
Current Estimated Value
$1,381,861

Purchase Details

Listed on
Mar 12, 2014
Closed on
Jul 18, 2014
Sold by
Robert A Ougoorlian Re
Bought by
Messervy Lindsey A and Freedman Jacob A
Seller's Agent
warren Hipwell
Real Estate Rocks
Buyer's Agent
Gregory Somar
Coldwell Banker Realty - Dorchester
List Price
$679,000
Sold Price
$630,000
Premium/Discount to List
-$49,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$570,000
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 17, 1989
Sold by
Castinelli Surora
Bought by
Ougorlian Robert A

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
10.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Hlv Ft 2 -- None Available
Messervy Lindsey A $630,000 --
Ougorlian Robert A $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freedman Jacob A $776,250
Previous Owner Freedman Jacob A $229,689
Previous Owner Messervy Lindsey A $556,000
Previous Owner Messervy Lindsey A $548,000
Previous Owner Messervy Lindsey A $26,000
Previous Owner Messervy Lindsey A $570,000
Previous Owner Ougorlian Robert A $169,000
Previous Owner Ougorlian Robert A $57,000
Previous Owner Ougorlian Robert A $180,000
Previous Owner Ougorlian Robert A $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $1,298,000 +3.9% $317 / Sq Ft
05/15/2022 05/15/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $1,249,000 +98.3% $305 / Sq Ft
07/18/2014 07/18/14 Sold $630,000 -7.2% $154 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $679,000 -- $166 / 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 $14,555 $1,256,900 $453,100 $803,800
2024 $13,192 $1,210,300 $415,500 $794,800
2023 $10,088 $939,300 $334,200 $605,100
2022 $9,733 $894,600 $318,300 $576,300
2021 $9,545 $894,600 $318,300 $576,300
2020 $8,153 $772,100 $298,800 $473,300
2019 $7,403 $702,400 $245,500 $456,900
2018 $6,573 $627,200 $245,500 $381,700
2017 $6,642 $627,200 $245,500 $381,700
2016 $6,513 $592,100 $245,500 $346,600
2015 $5,835 $481,800 $150,600 $331,200
2014 $4,276 $339,900 $150,600 $189,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72976818

MLS Property Information Network (MLS PIN)

APN: DORC-000000-000017-000844