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185 Essex St, Melrose MA 02176

Melrose, MA 02176
$655,000
Est. $4,465/month
2
Beds
2
Baths
1,298
Sq Ft
$505
Price/Sq Ft
2013
Year Built
5
Days on Market
Closed Listed May 2, 2024 • MLS# 73231840 Copied!

About this home

Welcome to the epitome of urban/suburban living! Nestled in the heart of Melrose, this unit offers the perfect blend of modern comfort and convenient access to everything this vibrant city has to offer. Step inside to the meticulously maintained, 11 years young 2 bedroom, 2 bath residence - The open-concept layout seamlessly connects the living, dining, and kitchen areas, complete with a gas fireplace and wet bar, creating an ideal space for both relaxation and entertainment. The kitchen is a chef's delight, featuring stainless steel appliances, loads of counterspace, and ample cabinetry. The spacious primary bedroom boasts a tranquil retreat with generous closet space, and an en-suite bath. A++ location just a stone's throw to the Cedar Park Commuter Rail stop and tucked just beyond downtown. With two parking spaces and one of the largest dedicated storage areas you will find, don’t miss out on your chance to call this gem home.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2013
Bedrooms
2
Full Bathrooms
2
Living Area
1,298 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $650,000
Final Sale Price: $655,000
Difference: +$5,000 (+0.8%)
Performance Metrics
100.8%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $501
Sale $/sq ft: $505
This property sold for $505 per square foot
Sale Summary

This property sold for 0.8% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$505/sq ft
Area Average
$465/sq ft
Difference
+8.6%

This property sold slightly above the area average for similar homes.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2013
Living Area 1,298 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring None
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Wine Refrigerator
Fireplace Living Room
Fireplaces 1
Basement N
Laundry Third Floor, In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Assigned
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,728
Assessed Value $677,500

Interior Features

Flooring:
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Wine Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Third Floor, In Unit
Security:

Construction & Materials

Year Built: 2013
Structure Type: Low-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Assigned

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Public School

Location

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Neighborhood

185 Essex St, Melrose MA 02176

Melrose, MA 02176

Walkability

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Nearby Schools

School District
Melrose School District local
A
School Safety 2024-25
0.6% Low
0.4% Suspensions 0.4% In-School 0.2% Emergency
4.9% below state avg
E

Elementary Schools

3 schools
St. Mary Elementary School
0.3 mi
Grades PK-08
A
Lincoln School
0.5 mi | #130 of 824 | Score: 57.6
Improved 194 spots from last year
-0.6 below state avg
404 students Diverse
Rising School
Grades K-05
A
Roosevelt School
0.6 mi | #124 of 824 | Score: 57.9
Improved 100 spots from last year
-0.4 below state avg
406 students Moderate
Rising School Strong Attendance
Grades K-05
M

Middle Schools

1 school
A-
Melrose Middle School
0.4 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
H

High Schools

1 school
A-
Stoneham High School
1.4 mi | #91 of 346 | Score: 61.0
Improved 37 spots from last year
+2.8 above state avg
599 students Moderate
17 sports • 1,334 athletes
High Graduation Rate Rising School College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $561
Homeowners Insurance $200
HOA Fee $392/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

0.8%
Price Range
7
Total Days on Market

Property Timeline

Sold
Jul 23, 2024
$655,000
Property sold
Days on Market: 7
🏠
Listed for Sale
May 2, 2024
$650,000
Original listing
Agent: Kate Cote Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
May 2, 2024 New Listing Added $650,000

Market Statistics

Days on Market
5 days
Price per Sq Ft
$505

Tax History

Year Taxes Assessment
2024 $6,728 $677,500

Financial Details

Annual Property Tax
$6,728
Tax Year 2024
HOA Fee
$392
Per month
Assessed Value
$677,500

Listing Information

Listing Agent Kate Cote
Listing Office Leading Edge Real Estate
Agent MLS ID CN221983
Office MLS ID AN4646
Listing Data Updated Jul 23, 2024 10:15 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Melrose, MA

Real-time market trends and pricing data for this area

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