INNOVATE
Real Estate
No photos available for this listing

$8,999,000

283 Melrose Street, Newton MA 02466
Newton, MA 02466
Listed by Ward Shifman
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

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.

Property details

MLS #
73506947
Property type
Residential
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
1.01 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Williams
0.32 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
225
Student:teacher ratio
11.3:1
District
Newton
Middle
F A Day Middle
2 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
934
Student:teacher ratio
10.6:1
District
Newton
High
Newton North High
2.13 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,098
Student:teacher ratio
10.9:1
District
Newton

Mortgage calculator

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Est. monthly payment
$54,343/mo
$1,799,800 down
$7,199,200 loan
Principal & interest$46,694
Property tax (est.)$7,499
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 19, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.