283 Melrose Street, Newton MA 02466
Newton, MA 02466 • Auburndale
$8,999,000
$8,250,000
Est. $41,916/month
About this home
Set in the heart of Auburndale Village, this site 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 4 stories with tight setbacks. This is a unique opportunity, don't miss out! **Rare By-Right Opportunity** This is a Broker marketed sale by Trustee and authorized by bankruptcy court. Sale by order and Trustee deed but otherwise as is, where is. Will sell with clear title, marketable insurance and free of liens and encumbrances.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Market Insights
1
Price Changes
8.3%
Price Range
Property Timeline
Price Reduced
Aug 2, 2026
$8,250,000
$749,000
(-8.32%)
From $8,999,000 to $8,250,000 (-8.3%)
Listed for Sale
Apr 24, 2026
$8,999,000
Original listing
Agent: Ward Shifman
Office: Coldwell Banker Realty - Newton
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/02/2026 | ↓ Price Reduced | $8,250,000 | $749,000 | - | From $8,999,000 to $8,250,000 (-8.3%) |
| 04/24/2026 | 🏠 Listed for Sale | $8,999,000 | - | - | Original listing |
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
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
2020
Living Area
0.00
Lot Size
1.01 acres
Investment Metrics
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
0.00
Assessed Value
$2,669,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Buyer To Perform Its Own Due Diligence Regarding Zoning, Subdivision Feasibility, Dimensional Standards, Permitting, & All Municipal Approvals. Active Bankruptcy Case. Sale Subject To Bankruptcy Court Approval & Procedures (including Higher/better Offers). Closing Subject To Court Scheduling.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Other
Sq Ft Disclosures
Gross area of new buildings needs to be determined by architect. Sub-divide 3 lots under 15K sf.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
274 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
2020
Living Area
0 sq ft
Floor Layout
Interactive room guide
Floor Layout
Finished Area
0 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
2020
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
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:
Corner Lot, Level
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Newton School District local
A+
School Safety
2024-25
0.3%
Low
0.3%
Suspensions
0.7%
In-School
5.2% below state avg
Elementary Schools
10 schools
Learning Prep School
0.8 mi
Grades 02-12
Fessenden School
1.7 mi
Grades K-09
Dearborn Academy School
2.7 mi
Grades 02-12
Jackson School
2.9 mi
Grades K-06
Newton Country Day School
2.9 mi
Grades 05-12
Mount Alvernia Academy
3.9 mi
Grades PK-06
Campus School at Boston College
4.2 mi
Grades PK-12
Chestnut Hill School
4.5 mi
Grades PK-06
Brimmer + May School
4.7 mi
Grades PK-12
Solomon Schechter Day School
4.7 mi
Grades K-08
Middle Schools
4 schools
A+
F.A. Day Middle School
2.0 mi
|
#11 of 352
|
Score: 63.2
Improved 40 spots from last year
+5 above state avg
860 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
A+
Bigelow Middle School
3.5 mi
|
#26 of 352
|
Score: 60.6
Improved 44 spots from last year
+2.4 above state avg
434 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
A+
Oak Hill Middle School
3.9 mi
|
#23 of 352
|
Score: 60.8
Improved 14 spots from last year
+2.6 above state avg
649 students
Diverse
Diverse Student Body
Grades 06-08
A+
Charles E Brown Middle School
4.0 mi
|
#2 of 352
|
Score: 66.4
Improved 36 spots from last year
+8.2 above state avg
713 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
4 schools
Clearway School
1.4 mi
Grades 06-12
Fusion Academy
3.2 mi
Grades 06-12
A+
Newton North High School
2.1 mi
|
#7 of 346
|
Score: 76.5
Improved 44 spots from last year
+18.3 above state avg
2,096 students
Diverse
20 sports
• 3,076 athletes
Strong AP Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
A+
Newton South High School
3.9 mi
|
#5 of 346
|
Score: 77.9
Improved 20 spots from last year
+19.7 above state avg
1,898 students
Diverse
20 sports
• 2,730 athletes
Strong AP Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
Learn about these ratings
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
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
Loading map...
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
Aug 6, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Newton.