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340 Main St # 502, Melrose MA 02176

Melrose, MA 02176
$280,000
Est. $1,490/month
1
Baths
444
Sq Ft
$631
Price/Sq Ft
1970
Year Built
Condominium
Type
20
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73370521

About this home

Welcome to Melrose! This studio condo offers everything someone would want who is looking to get into the melrose market. Whether you're a first time buyer, downsizing or investor this condo checks all the boxes! The close proximity to all major highways, walking distance to the commuter train and Orange line, and the bus stoping right out front making this the perfect condo. This studio unit has a built in murphy bed which allows the unit to live bigger. Laundry area offers multiple washer and dryers and extra storage is located in the garage not far from the units parking spot. If you've been trying to get into the Melrose market don't miss seeing this centrally located condo which is walking distance to all the Melrose community has to offer! Schedule a private showing on sun 12-2 or mon 4-6

Sale Statistics

Sale Overview
Original List Price: $270,000
Final Sale Price: $280,000
Difference: +$10,000 (+3.7%)
Performance Metrics
103.7%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $608
Sale $/sq ft: $631
This property sold for $631 per square foot
Sale Summary

This property sold for 3.7% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1970
Full Bathrooms
1
Living Area
444 sq ft
Total Rooms
2
Stories
1
Entry Level
5

Interior Features

Flooring
Tile, Laminate
Heating
Electric
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Refrigerator
Laundry Features
Common Area
Basement Details
N
Window Features
Insulated Windows

Exterior & Structure

Exterior Features
Balcony
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Parking Features
Attached, Heated Garage, Storage, Deeded, Off Street
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven
Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
HOA Fee
$342
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Laundry, Elevator(s), Storage
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$2,354
Tax Year
2025
Tax Assessed Value
$237,800
Parcel Number
M:0C6 P:005840,653974
Zoning
BA1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Melrose Place Condominium
Disclosures
Scheduled showings sun 12-2 and mon 4-6 Offers due tues by 3pm
Exclusions
All Personal Property.
Listing Terms
Contract

Location

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Neighborhood

340 Main St # 502, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $196
Homeowners Insurance $200
HOA Fee $342
PMI $0

Property History

Market Insights

3.6%
Price Range
22
Total Days on Market

Property Timeline

✓
Sold
Jun 13, 2025
$280,000
Property sold
Days on Market: 22
🏠
Listed for Sale
May 6, 2025
$270,000
Original listing
Agent: Julie Cronin Office: LAER Realty Partners

Price & Status History

Date Event Price Change
May 6, 2025 New Listing Added $270,000 —

Market Statistics

Days on Market
20 days
Price per Sq Ft
$631

Tax History

Year Taxes Assessment
2025 $2,354 $237,800

Financial Details

Annual Property Tax
$2,354
Tax Year 2025
HOA Fee
$342
Monthly
Assessed Value
$237,800

Listing Information

Listing Agent Julie Cronin
Listing Office LAER Realty Partners
Agent MLS ID B8001051
Office MLS ID AN3158

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