Building portfolio of properties for Sale. Rare opportunity Restoration and redevelopment of a Portfolio of Properties in an extraordinary location! Located on a common boundary line with Melrose Downtown Historic District, existing group of 4 adjoining parcels features 4 Victorian homes with 14 units, a private street, 2 multi-stall garage structures. Distinctive Property Design Features: Gable exterior roof designs at varying heights, high interior ceilings, front porches, oak and maple hardwood floors, and ornate detailing. Zoning allows for 21 units, with opportunity for additional units on approx. 0.75 acres. Mix of 1- and 2-bedroom apartments. The property is approximately 70% occupied. Lots zoned UR-D (Urban Residential ‘D’) allowing multifamily buildings to a density of FAR=1.0. Allowable height is 50 feet and 4 stories. . Redevelop preserving the existing structures with square foot additions and interior renovations or build new structure(s).
Property Details
Property Features
Property Information:
Year Built: 1875
Living Area: 3,296 SqFt
Listing Office:
Office Name: Saint James Real Estate Advisors, LLC
Office Phone: (617) 378-1230
Listing Agent: Lisa DonFrancesco
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 6
Exterior Features
Parking Information:
Garage Space: 3 spaces
Parking: Paved Drive
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Other
Directions Information:
Directions: Follow I-93 N to MA-28 N/Fellsway W in Medford. Take exit 24 from I-93 N
Price Information
Listing Price Info
Price Summary:
List Price: $1
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Melrose, MA.
This property is $829.9K less than the Median Sold Price in Melrose, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73306929
Listing Office:
Office Name: Saint James Real Estate Advisors, LLC
Office Phone: (617) 378-1230
Listing Agent: Lisa DonFrancesco
Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/3/2024, 1:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$68
Per Month
Principal & Interest
$1
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$67
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Lincoln Elementary School
80 W Wyoming Ave
Distance between this listing and this school0.55 miles
Public District Grades KG-5
7
/10
Roosevelt Elementary School
253 Vinton St
Distance between this listing and this school0.63 miles
Public District Grades KG-5
9
/10
Winthrop Elementary School
162 1st St
Distance between this listing and this school0.67 miles
Public District Grades KG-5
Nearby Schools
5
/10
Melrose Veterans Memorial Middle School
350 Lynn Fells Pkwy
Distance between this listing and this school0.43 miles
Public District Grades 6-8
5
/10
Forestdale
74 Sylvan St
Distance between this listing and this school1.34 miles
Public District Grades KG-8
4
/10
Salemwood
529 Salem St
Distance between this listing and this school1.98 miles
Public District Grades KG-8
Nearby Schools
7
/10
Melrose High School
360 Lynn Fells Pkwy
Distance between this listing and this school0.42 miles
Public District Grades 9-12
6
/10
Stoneham High School
149 Franklin St
Distance between this listing and this school1.59 miles
Public District Grades 9-12
7
/10
Mystic Valley Regional Charter School
770 Salem St
Distance between this listing and this school1.95 miles
The neighbors living near this home have an average income of $77,160. Most Melrose, MA residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 1-3-5 Bradford Park in Melrose, MA and zip code 02176. This 3,296 square foot home, which was built in 1875, sits on a 0.08 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $1.
While more than 9 listings in Melrose, MA in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 6 were sold below. Between October 2024 and November 2024, Melrose, MA real estate market has seen decrease in the number of listings by 20.3%. While the average time on the market in November 2024 was 25 days, the median list price was $830,000.
From Rocket Homes Real Estate and based on county public records data.