1 Chipman Terrace, Melrose MA 02176

Melrose, MA 02176
$875,000
Est. $4,657/month
4
Beds
1.5
Baths
1,760
Sq Ft
$497
Price/Sq Ft
0.11
Acres
1900
Year Built
Single Family Residence
Type
8
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73288670

About this home

New England skyline, stylish updates, soaring ceilings & an outpour of natural light: welcome to 1 Chipman Terrace, in the heart of Melrose Highlands! Step onto the string-lit outdoor patio and enter this classy Colonial, and its open, well-rounded floor plan. Through the mudroom, you’ll find living and dining rooms that comfortably host guests, while the French doors to the bright sunroom offer privacy for a sitting area, playroom, or home office. The kitchen impresses with soaring ceilings, white cabinetry, modern appliances & spacious quartz counters. The large windows overlook the patio, where you’ll enjoy your gas-lined grill and private setting on Fall evenings. Classic wainscoting leads you to the 2nd floor, where airy bedrooms, extra closet space, city views and chic design meet your wishlist while touring this home. A serene spot just steps from the commuter rail, shops, parks and restaurants is a rare find - plan your visit this weekend and enjoy the views, inside and out!

Sale Statistics

Sale Overview
Original List Price: $810,000
Final Sale Price: $875,000
Difference: +$65,000 (+8.0%)
Performance Metrics
108.0%
List to Sale Ratio
Sold above asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $460
Sale $/sq ft: $497
This property sold for $497 per square foot
Sale Summary

This property sold for 8.0% above the original asking price, indicating strong buyer demand.

With only 8 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1900
Bedrooms
4
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,760 sq ft
Total Rooms
8

Interior Features

Flooring
Tile, Hardwood, Flooring - Hardwood
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
None
Has Cooling
No
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Gas Water Heater, Tankless Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Closet/Cabinets - Custom Built, Sun Room, Foyer, Walk-up Attic
Laundry Features
In Basement, Electric Dryer Hookup
Basement Details
Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Door Features
French Doors

Exterior & Structure

Construction Materials
Frame
Architectural Style
Colonial
Roof
Shingle
Foundation
Stone
Exterior Features
Patio, Rain Gutters, City View(s)
Patio/Porch Features
Patio
Has Spa
No
View
City
Has View
Yes
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
5,001 sq ft
Lot Size Area
0.1100
Road Frontage Type
Public, Dead End

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
3
Parking Features
Paved Drive, Off Street, Tandem, Paved

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer
Water Source
Public
Sewer
Public Sewer
Electric
200+ Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, House of Worship, Public School, T-Station
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,892
Tax Year
2024
Tax Assessed Value
$694,100
Parcel Number
M:C12 P:0000029,658985
Zoning
URA

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Attached Property
No
Disclosures
Windows are older, some need repair.
Exclusions
See Inclusion/Exclusion Form Under Mls Paperclip.

Location

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Neighborhood

1 Chipman Terrace, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

Middle School
Melrose Middle
Rating information coming soon
High School
Melrose High
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $574
Homeowners Insurance $200
PMI $0

Property History

Market Insights

7.4%
Price Range
9
Total Days on Market

Property Timeline

Sold
Oct 15, 2024
$875,000
Property sold
Days on Market: 9
🏠
Listed for Sale
Sep 11, 2024
$810,000
Original listing
Agent: Thais Collins Office: Compass

Price & Status History

Date Event Price Change
Sep 11, 2024 New Listing Added $810,000

Market Statistics

Days on Market
8 days
Price per Sq Ft
$497

Tax History

Year Taxes Assessment
2024 $6,892 $694,100

Financial Details

Annual Property Tax
$6,892
Tax Year 2024
Assessed Value
$694,100

Listing Information

Listing Agent Thais Collins
Listing Office Compass
Agent MLS ID CN204511
Office MLS ID AN2606

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