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283 Melrose Street, Newton MA 02466

Newton, MA 02466 • Auburndale
$16,500,000
Est. $83,633/month
1.01
Acres
251
Days on Market
Active Listed Nov 5, 2025 • MLS# 73451395 Copied! • Updated Nov 9, 2025

About this home

Set in the heart of Auburndale Village, 283 Melrose Ave offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. More details are available.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Nov 5, 2025
$16,500,000
Original listing
Agent: Ward Shifman Office: Coldwell Banker Realty - Newton

Tax History

Year Taxes Assessment
2025 $0 $2,669,900

Financial Details

Annual Property Tax
$0
Tax Year 2025
Assessed Value
$2,669,900

Facts & Features

Home Facts

Type Land
Lot Size 1.01 acres

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Utilities

Electric On-site, At Street
Water Public
Sewer Public Sewer
Gas At Street
Other None
Annual Tax 0.00
Assessed Value $2,669,900
Seller Disclosures Buyer To Perform Its Own Due Diligence Regarding Zoning, Subdivision Feasibility, Dimensional Standards, Permitting, & All Municipal Approvals. Active Chapter 11 Case. Sale Subject To Bankruptcy Court Approval & Procedures (including Higher/better Offers). Closing Subject To Court Scheduling.
Possession None
Accepted Financing None
Structure Type []
Documents None
County Middlesex
Total market time (incl. prior listings) 4 days

Property Overview

Listing Type
Land

Room Details

Other Floor

Kitchen
Bathroom2
Bathroom1
Bedroom2
Bedroom5
Bedroom4
Dining Room
Bedroom3
Living Room
Family Room
Bathroom3
Master Bedroom
Office
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level, Cleared, Storm Drains
Road Surface:

Parking & Garage

Parking Features:

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $0
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Auburndale

283 Melrose Street, Newton MA 02466

Newton, MA 02466

Listing Information

Listing Agent Ward Shifman
Listing Office Coldwell Banker Realty - Newton
Office Phone 617-969-2447
Agent MLS ID BB983294
Office MLS ID AN6227
Listing Data Updated Nov 9, 2025 4:05 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
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283 Melrose Street, Newton MA 02466 - Photo 1 283 Melrose Street, Newton MA 02466 - Photo 2 283 Melrose Street, Newton MA 02466 - Photo 3 283 Melrose Street, Newton MA 02466 - Photo 4 283 Melrose Street, Newton MA 02466 - Photo 5 283 Melrose Street, Newton MA 02466 - Photo 6 283 Melrose Street, Newton MA 02466 - Photo 7 283 Melrose Street, Newton MA 02466 - Photo 8 283 Melrose Street, Newton MA 02466 - Photo 9 283 Melrose Street, Newton MA 02466 - Photo 10 283 Melrose Street, Newton MA 02466 - Photo 11 283 Melrose Street, Newton MA 02466 - Photo 12 283 Melrose Street, Newton MA 02466 - Photo 13 283 Melrose Street, Newton MA 02466 - Photo 14 283 Melrose Street, Newton MA 02466 - Photo 15 283 Melrose Street, Newton MA 02466 - Photo 16 283 Melrose Street, Newton MA 02466 - Photo 17
Steven Novak

Steven Novak

BMN Boston Real Estate

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