NOT LISTED FOR SALE
11 Beds
7 Baths
4,156 Sq Ft
10,019 Sq Ft

Last Sold July 17, 2023

Last sale price $1,800,000 $433 Per Sq Ft

19 Days on Market

Highlights

  • Marina
  • Medical Services
  • Deck
  • Lincoln Elementary School Rated A-
  • 0.23 Acre Lot
  • Property is near public transit and schools

About This Home

As of July 2023

ATTENTION INVESTORS AND DEVELOPERS: Prime opportunity in transit-oriented, downtown Melrose - named one of the hottest zip codes in America! Ideally located on Main Street surrounded by shops, restaurants, Starbucks and Cafe Nero, 0.3 mi to the Cedar Park Commuter Rail station, 1.6 mi to the Oak Grove Orange line station, and minutes to beautiful Ell Pond. Seven units in two buildings with flexible floor plans ranging from studios to 2-3 bed layouts. Features include hardwood floors, high ceilings, and large kitchens with gas cooking. 660 Main Street is comprised of 5 units plus an unfinished basement. 662-664 Main Street is the rear building with 2 floor-through units, an unfinished basement and decks. Ample parking with 9-10 off-street surface spaces. BD Zoning district. Sold as-is. Buyer to perform all due diligence.

Last Agent to Sell the Property

The Collective

Compass Listed on: 05/06/2023

Compass

Last Buyer's Agent

The Collective

Compass Listed on: 05/06/2023

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,465

Year Built

  • Built in 1900

Lot Details

  • 9,984 Sq Ft Lot
  • Level Lot

Home Design

  • 4,156 Sq Ft Home
  • Stone Foundation

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Full Bathrooms

Parking

  • 9 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck

Additional Features

  • Property is near public transit and schools
  • Water Heater
  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $11,325

Community Details

Overview

  • 7 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $82,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,465

Year Built

Built in 1900

Lot Details

9,984 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 8

Interior Features

  • Flooring: Wood,Laminate
  • Fireplace YN: No
  • Appliances: Tank Water Heater
  • Total Bedrooms: 11
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Basement: Unfinished
  • Living Area: 4156
  • Spa YN: No
  • Stories Total: 8
  • MAIN LO: AN2383
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Balcony
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 9

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Zoning: BD
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 9984
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13465

Multi Family

  • Net Operating Income: 82500
  • Number Of Units Total: 7
  • Total Actual Rent: 11325
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 3: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2023 07/17/23 Sold $1,800,000 -2.7% $433 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/06/2023 05/06/23 For Sale $1,850,000 +131.3% $445 / Sq Ft
04/17/2013 04/17/13 Sold $800,000 -19.6% $160 / Sq Ft View Prior Sale
03/18/2013 03/18/13 Pending -- -- --
07/13/2012 07/13/12 For Sale $995,500 -- $199 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $173 $1,745,500 $484,400 $1,261,100
2024 $15,955 $1,606,700 $470,200 $1,136,500
2023 $13,465 $1,292,200 $427,400 $864,800
2022 $13,659 $1,292,200 $427,400 $864,800
2021 $12,978 $1,185,200 $398,900 $786,300
2020 $12,334 $1,116,200 $356,200 $760,000
2019 $11,560 $1,069,400 $329,100 $740,300
2018 $11,166 $985,500 $299,200 $686,300
2017 $11,171 $946,700 $284,900 $661,800
2016 $10,604 $860,000 $277,800 $582,200
2015 $10,246 $790,600 $242,200 $548,400
2014 $10,121 $762,100 $213,700 $548,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73108300

MLS Property Information Network (MLS PIN)
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