NOT LISTED FOR SALE

700 Franklin St Melrose, MA 02176

Melrose Highlands Neighborhood

Estimated Value: $1,376,000 - $1,681,439

7 Beds
4 Baths
4,932 Sq Ft
$306/Sq Ft Est. Value

Last Sold January 29, 2016

Last sale price $906,000 $184 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,761/month

14 Days on Market

About This Home

As of January 2016

Rare opportunity to purchase a landmark 4 family home in Melrose, the hottest zip code in the U.S. according to an August 2015 Realtor.com report. Perfect for investment or condo conversion (condo documents have already been drafted). 700 Franklin Street is a one-of-a-kind, turn-of-the-century architectural gem built by a local carpenter in the Italian Renaissance style. Custom woodwork, hand craftsmanship and attention to detail are evident throughout the home including moldings, mantels, columns and staircases. Units 1 and 3 are bright and sunny open concept 1 bed, 1 bath homes. Units 2 and 4 are bright and spacious top floor units over 2 living levels. Unit 2 is a 2 bed, 1 bath. Unit 4 is a 3 bed, 1 bath. Separately metered utilities. Separate laundry and private storage in the basement. Off street parking for 6 cars including a 3 car garage. Ideally located less than a quarter mile to the Melrose Highlands Commuter Rail Station and on the bus line to the Orange Line at Oak Grove.

Last Agent to Sell the Property

Anthony Bruno

Gibson Sotheby's International Realty Listed on: 12/02/2015

Gibson Sotheby's International Realty

Last Buyer's Agent

Philip Vita

Compass

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Lot Description: Corner, Paved Drive, Shared Drive, Level
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 6
  • Year Built: 1890

Interior Features

  • Fireplaces: 6
  • Has Basement: Yes
  • Fireplaces: 6
  • Number of Rooms: 21
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Conservation Area, Highway Access, T-Station
  • Energy: Storm Windows
  • Flooring: Tile, Hardwood
  • Basement: Full, Walk Out, Interior Access

Exterior Features

  • Roof: Slate, Rubber
  • Exterior: Stucco
  • Exterior Features: Porch, Deck - Wood, Screens
  • Foundation: Concrete Block

Garage/Parking

  • Garage Spaces: 3
  • Parking: Off-Street, Stone/Gravel, Paved Driveway
  • Parking Spaces: 3

Utilities

  • Heat Zones: 4
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Zoning: URA

Multi Family

  • Heat Units: 4
  • Common Room: Laundry
  • Total Bedrooms: 7
  • Total Fireplaces: 6
  • Total Floors: 6
  • Total Full Baths: 4
  • Total Levels: 3
  • Total Rms: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2015
Closed on
Jan 29, 2016
Sold by
Petmar Rt
Bought by
700 Franklin Street Ll
Seller's Agent
Anthony Bruno
Gibson Sotheby's International Realty
Buyer's Agent
Philip Vita
Compass
List Price
$885,000
Sold Price
$906,000
Premium/Discount to List
$21,000
2.37%
Current Estimated Value
$1,508,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$602,860
Avg. Annual Appreciation
5.21%
Original Mortgage
$724,800
Outstanding Balance
$578,172
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$930,688

Purchase Details

Closed on
Mar 30, 2007
Sold by
Nuytkens Margaret H
Bought by
Petmar Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.33%

Purchase Details

Closed on
Apr 6, 2001
Sold by
Motta Joseph and Motta Maria G
Bought by
Nuytkens Peter R and Nuytkens Margaret H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,400
Interest Rate
7.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 1989
Sold by
Rose Robert A
Bought by
Motta Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
10.39%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
700 Franklin Street Ll $906,000 --
Petmar Rt -- --
Petmar Rt -- --
Nuytkens Peter R $650,000 --
Motta Maria G $373,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 700 Franklin Street Ll $724,800
Previous Owner Motta Maria G $50,000
Previous Owner Motta Maria G $75,000
Previous Owner Petmar Rt $400,000
Previous Owner Motta Maria G $425,400
Previous Owner Motta Maria G $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2016 01/29/16 Sold $906,000 +2.4% $184 / Sq Ft
12/16/2015 12/16/15 Pending -- -- --
12/02/2015 12/02/15 For Sale $885,000 -- $179 / 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 $136 $1,370,700 $458,900 $911,800
2024 $13,477 $1,357,200 $445,400 $911,800
2023 $11,491 $1,102,800 $404,900 $697,900
2022 $11,657 $1,102,800 $404,900 $697,900
2021 $11,128 $1,016,300 $377,900 $638,400
2020 $10,577 $957,200 $337,500 $619,700
2019 $9,863 $912,400 $311,800 $600,600
2018 $9,800 $865,000 $283,500 $581,500
2017 $10,351 $877,200 $270,000 $607,200
2016 $11,476 $930,700 $263,200 $667,500
2015 $11,396 $879,300 $229,500 $649,800
2014 $10,550 $794,400 $202,500 $591,900
Source: Public Records

Agents Affiliated with this Home

  • Anthony Bruno

    Seller's Agent in 2016

    Anthony Bruno

    Gibson Sothebys International Realty

    (617) 963-3378

    3 in this area

    48 Total Sales

    Anthony Bruno
    Section Image
  • Philip Vita

    Buyer's Agent in 2016

    Philip Vita

    Compass

    (781) 729-4663

    1 in this area

    56 Total Sales

    Philip Vita
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71937668

MLS Property Information Network (MLS PIN)

APN: MELR-000012B-000000-000069

Massachusetts Middlesex County Melrose 02176 Melrose Highlands

700 Franklin St, Melrose, MA

Not Listed for Sale

MultiFamily

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.

MLS Property Information Network (MLS PIN) 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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.