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340 Main St # 502, Melrose MA 02176

Melrose, MA 02176 • Wyoming
$200,000
Est. $1,584/month
1
Beds
1
Baths
444
Sq Ft
$450
Price/Sq Ft
1970
Year Built
18
Days on Market
Closed Listed Mar 1, 2017 • MLS# 72124597 Copied!

About this home

If you have missed previous opportunities to buy in this building here is your chance to buy a move in condition large STUDIO unit With Great Views of downtown! First time buyers- here is your chance to get into the MELROSE market. Very low heat cost and low HOA fee. Commuters Dream!! Bus stops right outside. commuterrail, around the corner. "T" 15 min walk or take the bus. If your looking in Melrose you already know we have the BEST downtown around and quick access to most highways and Boston. This unit also comes with a deeded garage spot. INVESTERS, This is a renters DREAM. SHOWINGS START IMMEDIATELY- ****OPEN HOUSE SUNDAY 1-230****

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Property Overview

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

Sale Statistics

Sale Overview
Original List Price: $179,900
Final Sale Price: $200,000
Difference: +$20,100 (+11.2%)
Performance Metrics
111.2%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $405
Sale $/sq ft: $450
This property sold for $450 per square foot
Sale Summary

This property sold for 11.2% above the original asking price, indicating strong buyer demand.

With only 18 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
$450/sq ft
Area Average
$443/sq ft
Difference
+1.7%

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

Facts & Features

1 Car Garage

Home Facts

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

Interior

Heating Electric
Cooling Window Unit(s)
Flooring Tile, Laminate
Appliances Range, Disposal, Refrigerator
Fireplace None
Basement N
Laundry Fourth Floor, Common Area, In Building
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Under
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $1,290
Assessed Value $104,600

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Disposal, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Fourth Floor, Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: Low-Rise
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric
Heating Zones: 1
Cooling: Window Unit(s)
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

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Attached, Under

Location

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Neighborhood

Wyoming

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

3 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
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
H

High Schools

2 schools
C+
Malden High School
1.8 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
A-
Stoneham High School
1.8 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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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 $108
Homeowners Insurance $200
HOA Fee $265/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

35.8%
Price Range
20
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73370521
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 13, 2025
$280,000
MLS #73370521
Sold
Apr 28, 2017
$200,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Mar 1, 2017
$179,900
Original listing
Agent: Julie Cronin Office: LAER Realty Partners

Price & Status History

Date Event Price Change
Jun 13, 2025 Sold $280,000
Mar 1, 2017 New Listing Added $179,900

Market Statistics

Days on Market
18 days
Price per Sq Ft
$450

Tax History

Year Taxes Assessment
2016 $1,290 $104,600

Financial Details

Annual Property Tax
$1,290
Tax Year 2016
HOA Fee
$265
Monthly
Assessed Value
$104,600

Listing Information

Listing Agent Julie Cronin
Listing Office LAER Realty Partners
Agent MLS ID B8001051
Office MLS ID AN3158
Listing Data Updated Apr 28, 2017 2:20 PM 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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