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.
Listing last checked: Listing updated:
Listed by Ward Shifman · Coldwell Banker Realty - Newton · MLS #73506946
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Details at a glance
Interior1 property facts
- Basement
- Not reported
Building3 property facts
- Style
- 5+ Family - 5+ Units Up/Down
- Year built
- 2020
- Foundation
- Concrete Perimeter
Land & utilities5 property facts
- Lot size
- 1.01 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- VC2 or MR1
Financial1 property facts
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $8,250,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$41,716 / monthAdjust
- Principal & interest
- $41,716
- Property tax
- Not entered
- Insurance
- Not entered
- HOA
- Not entered
Annual property taxes were not supplied. HOA amount was not supplied.
Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- New
$8,250,000 · Apr 24, 2026
- New
$8,250,000 · Apr 24, 2026
- Ter
$16,500,000 · Mar 17, 2026
- Ter
$14,995,000 · Mar 17, 2026
- Ter
$14,995,000 · Mar 17, 2026
- Ter
$16,500,000 · Nov 18, 2025
- Ter
$16,500,000 · Nov 5, 2025
- Ter
$14,995,000 · Nov 5, 2025
More property insights
Automated value estimate $7,380,805
Estimated range $5,572,172–$9,189,438.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: poor
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About 283 Melrose Street
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