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340 Main St # 502, Melrose MA 02176

Melrose, MA 02176
$280,000
Est. $2,154/month
1
Baths
444
Sq Ft
$631
Price/Sq Ft
1970
Year Built
20
Days on Market
Closed Listed May 6, 2025 • MLS# 73370521 Copied!

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

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Property Overview

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

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.

Nearby Sales Comparison

Based on 12 similar properties sold within 0.5 miles in the last 90 days

This Property
$631/sq ft
Area Average
$443/sq ft
Difference
+42.6%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 444 sq ft
Full Baths 1
Total Rooms 2

Interior

Heating Electric
Cooling Wall Unit(s)
Flooring Tile, Laminate
Appliances Range, Refrigerator
Fireplace None
Basement N
Laundry Common Area
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Heated Garage, Storage, Deeded, Off Street
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,354
Assessed Value $237,800

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: Common Area
Security:

Construction & Materials

Year Built: 1970
Structure Type: Garden
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric
Cooling: Wall Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Attached, Heated Garage, Storage, Deeded, Off Street

Location

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Neighborhood

340 Main St # 502, 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

7 schools
St. Mary Elementary School
< 0.1 mi
Grades PK-08
A
Lincoln School
0.2 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
Winthrop School
0.9 mi | #89 of 824 | Score: 59.8
Improved 1 spots from last year
+1.6 above state avg
392 students Less Diverse
Strong Attendance
Grades K-05
A-
Herbert Clark Hoover School
0.9 mi | #218 of 824 | Score: 54.0
Dropped 88 spots from last year
-4.2 below state avg
260 students Moderate
Grades K-05
A
Roosevelt School
1.0 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
Early Childhood Center
1.0 mi
246 students Moderate
Grades PK-K
A+
Horace Mann School
1.3 mi | #79 of 824 | Score: 60.5
Dropped 73 spots from last year
+2.3 above state avg
254 students Less Diverse
Strong Attendance
Grades K-05
M

Middle Schools

1 school
A-
Melrose Middle School
0.9 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
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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 $196
Homeowners Insurance $200
HOA Fee $342/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

28.6%
Price Range
22
Total Days on Market
1
Previous Sales

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
Previous Transaction - MLS #72124597
Full transaction history available when tracking began
🏷️
Previously Sold
Apr 28, 2017
$200,000
MLS #72124597

Price & Status History

Date Event Price Change
May 6, 2025 New Listing Added $270,000
Apr 28, 2017 Sold $200,000

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
Listing Data Updated Jun 13, 2025 1:35 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Melrose, MA

Real-time market trends and pricing data for this area

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