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340 Main St # 703, Melrose MA 02176

Melrose, MA 02176
$305,000
Est. $2,497/month
1
Beds
1
Baths
738
Sq Ft
$413
Price/Sq Ft
1970
Year Built
7
Days on Market
Closed Listed Nov 12, 2024 • MLS# 73311933 Copied!

About this home

Penthouse condo located in the heart of Melrose Square! This sweet 1 bdrm home offers nice scale & great natural light. Love the views day & night of bustling downtown & the vast skyline through the wall of windows in both the living area & bedroom!! Convenient for commuting to Boston or points north as the commuter rail (purple line) is 2 blocks away & the Orange Line bus is right out front & Rt 93 is nearby too. Each floor has a common balcony, perfect for relaxing w/a good book or morning coffee! Walk to all Melrose has to offer...diverse restaurants, Shaws, coffee shops, gyms, boutiques & a brewery! Lots of outdoor recreation opportunity too as the Fells Reservation, hiking trails, Pine Banks & a dog park are all close! This unit also offers a new heat pump/ac (18 months)! The views, the bonus room/ in-home office & great closets make this condo stand out! You will love the easy commute & the seamless access to so many amenities right out your front door...leave the car at home!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
738 sq ft
Total Rooms
3
Stories
7
Entry Level
7

Sale Statistics

Sale Overview
Original List Price: $299,900
Final Sale Price: $305,000
Difference: +$5,100 (+1.7%)
Performance Metrics
101.7%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $406
Sale $/sq ft: $413
This property sold for $413 per square foot
Sale Summary

This property sold for 1.7% above the original asking price, indicating strong buyer demand.

With only 7 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
$413/sq ft
Area Average
$443/sq ft
Difference
6.7%

This property sold near the area average for similar homes.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 738 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric Baseboard, Heat Pump
Cooling Heat Pump
Flooring Tile, Carpet, Laminate, Flooring - Wall To Wall Carpet, Flooring - Stone/ceramic Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features Closet, Home Office, Entry Hall, Elevator

Exterior

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

Parking

Features Off Street, Deeded
Total Spaces 1

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $2,771
Assessed Value $279,100

Interior Features

Flooring: Tile, Carpet, Laminate, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features: Closet, Home Office, Entry Hall, Elevator
Windows: Insulated Windows
Basement: N
Laundry: Common Area, In Building
Security:

Construction & Materials

Year Built: 1970
Structure Type: High-Rise
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 7

Heating, Cooling & Utilities

Heating: Electric Baseboard, Heat Pump
Heating Zones: 2
Cooling: Heat Pump
Cooling Zones: 1
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

Total Parking Spaces: 1
Parking Features: Off Street, Deeded

Location

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Neighborhood

340 Main St # 703, 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
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 $231
Homeowners Insurance $200
HOA Fee $524/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

1.7%
Price Range
8
Total Days on Market

Property Timeline

Sold
Dec 30, 2024
$305,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Nov 12, 2024
$299,900
Original listing
Agent: Leeman & Gately Office: Compass

Price & Status History

Date Event Price Change
Nov 12, 2024 New Listing Added $299,900

Market Statistics

Days on Market
7 days
Price per Sq Ft
$413

Tax History

Year Taxes Assessment
2024 $2,771 $279,100

Financial Details

Annual Property Tax
$2,771
Tax Year 2024
HOA Fee
$524
Monthly
Assessed Value
$279,100

Listing Information

Listing Agent Leeman & Gately
Listing Office Compass
Agent MLS ID TM336476
Office MLS ID AN2383
Listing Data Updated Dec 31, 2024 8:02 AM EST
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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