LOCATION, LOCATION, LOCATION - Well cared for turn-key 2-family, low maintenance and each unit is certified de-leaded. Ideal for owner occupied or investment. Top floor unit has 3 bedrooms, living, dining room and kitchen and large deck. The lower unit has 2 bedrooms, livingroom and kitchen. In the lower level there is storage/utility room and laundry for both units. Manageable yard with storage shed. Both tenants would like to stay if possible. All this in wonderful Melrose with good shopping and restaurants, close to Boston and highway.
Sale Statistics
Sale Overview
Original List Price:$749,900
Final Sale Price:$785,000
Difference:
+$35,100 (+4.7%)
Performance Metrics
104.7%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$369
Sale $/sq ft:$387
This property sold for $387 per square foot
Sale Summary
This property sold for 4.7% above the original asking price, indicating strong buyer demand.
With only 13 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1970
Bedrooms
5
Full Bathrooms
2
Living Area
2,031 sq ft
Total Rooms
10
Stories
2
Levels
2
Interior Features
Flooring
Tile, Laminate, Hardwood, Carpet
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator
Interior Features
Laundry Room, Lead Certification Available, Storage, Bathroom With Tub & Shower, Living Room, Kitchen, Dining Room
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Concrete Perimeter
Foundation Area
924 sq ft
Patio/Porch Features
Deck
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.11 acres
Lot Size
4,700 sq ft
Lot Size Area
0.1100
Lot Features
Corner Lot
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street
Utilities & Systems
Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Public School, T-Station
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,050
Tax Year
2023
Tax Assessed Value
$676,600
Tax Lot
000051
Tax Block
0A7
Tax Map Number
M
Parcel Number
652161
Zoning
xxx
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Listing Terms
Contract
Location
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Neighborhood
40 Cutter St., Melrose MA 02176
Melrose, MA 02176
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$588
Homeowners Insurance$200
PMI$0
Property History
Market Insights
4.5%
Price Range
14
Total Days on Market
Property Timeline
✓
Sold
Feb 7, 2024
$785,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Oct 26, 2023
$749,900
Original listing
Office: Barrett Sotheby's International Realty
Date
Event
Price
Change
$/sqft
Details
02/07/2024
✓
Sold
$785,000
-
-
Property sold
10/26/2023
🏠
Listed for Sale
$749,900
-
-
Original listing
Price & Status History
Date
Event
Price
Change
Oct 26, 2023
New Listing Added
$749,900
—
Market Statistics
Days on Market
13 days
Price per Sq Ft
$387
Tax History
Year
Taxes
Assessment
2023
$7,050
$676,600
Financial Details
Annual Property Tax
$7,050
Tax Year 2023
Assessed Value
$676,600
Listing Information
Listing AgentMaryanne Randall
Listing OfficeBarrett Sotheby's International Realty
