The property at 5 Melrose Rd in Bristol sits in the desirable Colt State Park area and offers over 3,200 sqft with 3 beds and 2.5 baths. Valuations from multiple sources average around $1.02M, and comps in the area show similar homes selling between $850K and $1.47M, with an average price per sqft near $314. The home appears well-sized compared to comps, and the local market is trending upward, with Bristol’s median listing price at $849K and price per sqft at $382[1][2].
For investors, the flip potential is moderate—most value gains may already be realized unless significant cosmetic or functional updates are made. If you’re the current homeowner, focus on strategic updates like kitchen, bath, or curb appeal improvements to maximize marketability and push your price closer to the upper end of the local range. Don’t over-improve for the area, but little touches can go a long way.