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507 Melvin Rd

Utica, NY 13502

2 bd 2 ba 960 sqft Built 1955 Lot 7,649 sqft single_family
Most recent sale
$171,000
Sep 1, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 18, 2024 Sold $196,000 NYStateAlliance
Sep 1, 2022 Sold $171,000 MLS #S1418735
Jul 7, 2022 Listed $164,900 MLS #S1418735
Sep 21, 2016 Sold $91,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $45,300 $12,400 $57,700 $2,463
2024 $45,300 $12,400 $57,700 $2,319
2023 $45,300 $12,400 $57,700 $1,562
2022 $45,300 $12,400 $57,700 $2,322
2021 $45,300 $12,400 $57,700 $2,302
2020 $45,300 $12,400 $57,700 $2,306
2019 $45,300 $12,400 $57,700 $2,292
2018 $45,300 $12,400 $57,700 $2,290
2017 $45,300 $12,400 $57,700 $2,239
2016 $45,300 $12,400 $57,700 $2,850
2015 $45,300 $12,400 $57,700 $2,115
2014 $45,300 $12,400 $57,700 $1,609
2013 $45,300 $12,400 $57,700 $1,119
2011 $45,300 $12,400 $57,700 $775
2010 $45,300 $12,400 $57,700 $1,253
2009 $45,300 $12,400 $57,700 $149

Property facts

Year built
1955
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
960 sqft
Lot size
7,649 sqft
ZIP code
13502
City
Utica
Street
Melvin Rd
Coordinates
43.12267, -75.21883

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,026
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 507 Melvin Rd last sell?
507 Melvin Rd most recently sold on Sep 1, 2022 for $171,000.
What is the current tax assessment for 507 Melvin Rd?
The most recent total assessment for 507 Melvin Rd (year 2025) is $57,700 with $2,463 in property tax.
How does 507 Melvin Rd's assessment compare to its last sale price?
The current assessment is 66.3% below the last sale price of $171,000.
When was 507 Melvin Rd built?
507 Melvin Rd was built in 1955.
How does 507 Melvin Rd compare to others on Melvin Rd?
We track 3 other properties on Melvin Rd. Browse the list under "Other properties on Melvin Rd" to compare beds, baths, and sale history.
What are the property facts for 507 Melvin Rd?
507 Melvin Rd is a 2 bed, 2 bath, 960 sqft, 7,649 sqft lot single_family.
Is 507 Melvin Rd a flip candidate?
No — 507 Melvin Rd does not appear in our flips dataset.
Is 507 Melvin Rd a tax-appeal candidate?
No — 507 Melvin Rd is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.5%
Implied 1-yr
+2.0%
2026 Q3
$193.9K
2026 Q4
$194.8K
ZIP 13502 — Median Price History + Forecast

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