3 Franklin Terrace, Melrose MA 02176

Melrose, MA 02176 • Melrose Highlands

$825,000

Est. $5,114/month

4

Beds

2

Baths

1,510

Sq Ft

$546

Price/Sq Ft

0.09

Acres

1893

Year Built

Single Family Residence

Type

10 hours 26 minutes

Time on Market

Active Open House Listed Jun 3, 2026 • MLS# 73524010 Copied!

About this home

Located in the desirable Melrose Highlands, this thoughtfully updated, 4-bedroom, 2-bath home offers the perfect blend of charm, functionality, and walkable convenience. The sun-filled eat-in kitchen, featuring a large island, gas cooktop, and abundant storage, is ideal for the serious home chef. The sliding door off the dining room opens to a composite deck, perennial gardens, and fenced backyard that is perfect for outdoor dining and play. A stunning new bath showcases a custom vanity, linen tower, and Carrera marble tiled shower with glass enclosure. Three generous bedrooms with ample closets finish the second floor. The walk-up third floor is a flexible space for a fourth bedroom, home office, gym, or a future master suite. Front and back porches, side-by-side parking, ample attic and basement storage, top-rated schools, nearby playgrounds, cafés, yoga, restaurants, and a 7-minute walk to the commuter rail complete this exceptional home.

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Property Overview

Property Type

Single Family Residence

Listing Type

For Sale

Year Built

1893

Bedrooms

4

Full Bathrooms

2

Living Area

1,510 sq ft

Total Rooms

7

Open House Schedule

07

Jun

Sunday, June 7

11:00 AM - 1:00 PM EDT

05

Jun

Friday, June 5

5:00 PM - 6:30 PM EDT

06

Jun

Saturday, June 6

11:00 AM - 1:00 PM EDT

Facts & Features

Home Facts

Type Residential

Style Single Family Residence

Year Built 1893

Living Area 1,510 sq ft

Lot Size 0.09 acres

Bedrooms 4

Full Baths 2

Total Rooms 7

Interior

Heating Central, Forced Air, Oil, Electric

Cooling Window Unit(s)

Flooring Tile, Marble, Hardwood, Flooring - Hardwood

Appliances Gas Water Heater, Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer

Fireplace None

Fireplaces 1

Basement Full, Interior Entry, Unfinished

Laundry In Basement, Electric Dryer Hookup

Features Foyer, Walk-up Attic, High Speed Internet

Exterior

Construction Frame

Architecture Victorian

Roof Asphalt/composition Shingles

Features Porch, Deck, Deck - Roof, Deck - Composite, Rain Gutters, Fenced Yard, Garden, Stone Wall

Pool None

Spa None

Fencing Fenced/enclosed, Fenced

Patio/Porch Porch, Deck, Deck - Roof, Deck - Composite

Parking

Features Paved Drive, Off Street, Paved

Total Spaces 2

Utilities

Electric 110 Volts, Circuit Breakers, 100 Amp Service

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range, For Gas Oven, For Electric Dryer

Financial

Annual Tax $8,912

Assessed Value $777,000

Interior Features

Flooring: Tile, Marble, Hardwood, Flooring - Hardwood

Appliances: Gas Water Heater, Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer

Interior Features: Foyer, Walk-up Attic, High Speed Internet

Windows: Insulated Windows

Basement: Full, Interior Entry, Unfinished

Laundry: In Basement, Electric Dryer Hookup

Security:

Construction & Materials

Style: Victorian

Year Built: 1893

Structure Type:

Exterior Materials: Frame

Roof: Asphalt/Composition Shingles

Foundation: Stone

Heating, Cooling & Utilities

Heating: Central, Forced Air, Oil, Electric

Cooling: Window Unit(s)

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Porch, Deck, Deck - Roof, Deck - Composite, Rain Gutters, Fenced Yard, Garden, Stone Wall

Patio & Porch: Porch, Deck, Deck - Roof, Deck - Composite

Fencing: Fenced/Enclosed, Fenced

Other Structures:

Lot Features:

Road Surface: Paved

Parking & Garage

Total Parking Spaces: 2

Parking Features: Paved Drive, Off Street, Paved

Special Features

Fireplaces: 1

Fireplace Type:

Community Amenities: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, House of Worship, Public School, T-Station, Sidewalks

Location

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Neighborhood

Melrose Highlands

3 Franklin Terrace, 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

A

Roosevelt School

0.3 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

A

Colonial Park School

0.5 mi | #3 of 12 | Score: 50.9

Improved 257 spots from last year

-7.3 below state avg

229 students Moderate

Rising School

Grades K-04

Early Childhood Center

0.7 mi

246 students Moderate

Grades PK-K

M

Middle Schools

2 schools

A-

Melrose Middle School

0.6 mi | #92 of 352 | Score: 50.4

Improved 6 spots from last year

-7.8 below state avg

886 students Moderate

Grades 06-08

B+

Stoneham Central Middle School

1.5 mi | #132 of 352 | Score: 46.3

Dropped 33 spots from last year

-11.9 below state avg

689 students Moderate

Grades 05-08

H

High Schools

1 school

A-

Stoneham High School

0.8 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

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Year 1

95% Interest

Year 15

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Property History

Property Timeline

🏠

Listed for Sale

Jun 3, 2026

$825,000

Original listing

Agent: Lisa Ballew Office: Coldwell Banker Realty - Andovers/Readings Regional

Date	Event	Price	Change	$/sqft	Details
06/03/2026	🏠 Listed for Sale	$825,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jun 3, 2026	New Listing Added	$825,000	—

Market Statistics

Time on Market

10 hours 26 minutes

Price per Sq Ft

$546

Tax History

Year	Taxes	Assessment
2026	$8,912	$777,000

Financial Details

Annual Property Tax

$8,912

Tax Year 2026

Assessed Value

$777,000

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High Schools

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3 Franklin Terrace, Melrose MA 02176

About this home

Property Overview

Open House Schedule

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Special Features

Location

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Nearby Schools

Elementary Schools

Middle Schools

High Schools

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