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196 Prospect St
38 Whittemore Rd
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Jung Yub Lee

I'm Jung Yub Lee, a Newton, MA real estate agent specializing in move-up and family homes across Greater Boston. I serve clients in English & Korean — from first search to closing.

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  • Maple Park, Newton, MA, USA
  • (111) 222-3333
  • info@brndna.com

Brokerage

Jung Yub Lee Realty

© 2026 Jung Yub Lee. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 283 Melrose Street, Newton, MA 02466
Active
132 Days on market
283 Melrose Street Newton — Photo 1 of 18

283 Melrose Street Newton — Photo 1 of 18

Recent Drop: $749,000

$8,999,000
$8,250,000

$8,250,000

283 Melrose Street, Newton, MA 02466

Newton, MA 02466 — Auburndale

Investor Analysis

Beds

--

Baths

--

SqFt

--

Style

5+ Family - 5+ Units Up/Down

Built

2020

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.

Property Details

Financials

Original Price$8,999,000
Annual Taxes--

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningVC2 or MR1

Property & Lot

Acres1.01
SqFt Lot43,783
Lot FeaturesCorner Lot, Level

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Property History

Price Drop
$8,250,000

Was $8,999,000

Aug 2, 2026

MLS® 73506946

Listed
$8,999,000

Apr 24, 2026

MLS® 73506946

Listed
$8,250,000

Apr 24, 2026

MLS® 73506947

Listed
$8,250,000

Apr 24, 2026

MLS® 73506948

Terminated
$16,500,000

Apr 24, 2026

MLS® 73487469

Terminated
$14,995,000

Apr 24, 2026

MLS® 73487468

Terminated
$14,995,000

Apr 24, 2026

MLS® 73487467

Terminated
$14,995,000

Apr 24, 2026

MLS® 73451393

Listed
$16,500,000

Mar 17, 2026

MLS® 73487469

Listed
$14,995,000

Mar 17, 2026

MLS® 73487468

Listed
$14,995,000

Mar 17, 2026

MLS® 73487467

Terminated
$16,500,000

Mar 16, 2026

MLS® 73455948

Terminated
$16,500,000

Mar 16, 2026

MLS® 73451395

Listed
$16,500,000

Nov 18, 2025

MLS® 73455948

Listed
$16,500,000

Nov 5, 2025

MLS® 73451395

Listed
$14,995,000

Nov 5, 2025

MLS® 73451393

Population

8,679

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$170K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

41.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Full Newton, MA market report ZIP 02466 market data
Listing Provided By

Listing Agent: Ward Shifman

Listing Office: Coldwell Banker Realty - Newton

MLS® Number: 73506946

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