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49 Melrose St # 7A, Melrose MA 02176

Melrose, MA 02176
$340,100
Est. $2,579/month
1
Beds
1
Baths
792
Sq Ft
$429
Price/Sq Ft
1972
Year Built
7
Days on Market
Closed Listed Dec 7, 2020 • MLS# 72764810 Copied!

About this home

A desirable penthouse with a spacious open-concept living/dining room with beautiful new flooring that opens up to a wonderful balcony. Enjoy the views from the top floor with your coffee all year round! The unit has 3 large closets plus storage space in the basement. There is washer/dryer hookup inside the unit and coin laundry on the ground floor. A deeded parking space is included and conveniently located outside the main entrance of the building. Additional parking available. The complex is impeccably maintained with outdoor seating areas with a waterfall, an outdoor pool, a solarium with a heated indoor pool, sauna (open all year round), two tennis courts along with a basketball court and a ping pong table as well. Next to Dunkin Donuts, Wholefoods, CVS, Walgreens and multiple Bus stops. Only .5 mile to the commuter rail, charming downtown Melrose cafes and shops, quick bus ride to the orange line. Voted one of nations hottest neighborhoods! (Bostonmagazine)

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1972
Bedrooms
1
Full Bathrooms
1
Living Area
792 sq ft
Total Rooms
4
Stories
7
Entry Level
7

Sale Statistics

Sale Overview
Original List Price: $314,900
Final Sale Price: $340,100
Difference: +$25,200 (+8.0%)
Performance Metrics
108.0%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $398
Sale $/sq ft: $429
This property sold for $429 per square foot
Sale Summary

This property sold for 8.0% 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 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$429/sq ft
Area Average
$281/sq ft
Difference
+52.6%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1972
Living Area 792 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Electric Baseboard
Cooling Central Air, Other
Flooring None
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Fireplace None
Basement N
Laundry In Building, In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features Porch - Screened, Balcony, Garden, Tennis Court(s)
Pool Association, In Ground, Indoor, Heated
Spa None
Fencing None
Patio/Porch Screened

Parking

Features Off Street, Deeded
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,750
Assessed Value $339,400

Interior Features

Flooring:
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Interior Features:
Windows:
Basement: N
Laundry: In Building, In Unit
Security: Intercom

Construction & Materials

Year Built: 1972
Structure Type: High-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 7

Heating, Cooling & Utilities

Heating: Electric Baseboard
Heating Zones: 2
Cooling: Central Air, Other
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Screened, Balcony, Garden, Tennis Court(s)
Patio & Porch: Screened
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

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

Location

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Neighborhood

49 Melrose St # 7A, 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
Early Childhood Center
0.1 mi
246 students Moderate
Grades PK-K
A
Roosevelt School
0.4 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+
Horace Mann School
0.4 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
0.2 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

1 school
A-
Stoneham High School
1.4 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 $313
Homeowners Insurance $200
HOA Fee $347/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

26.8%
Price Range
8
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73225687
Full transaction history available when tracking began
🏷️
Previously Sold
May 28, 2024
$430,000
MLS #73225687
Sold
Jan 29, 2021
$340,100
Property sold
Days on Market: 8
🏠
Listed for Sale
Dec 7, 2020
$314,900
Original listing
Office: Weichert, REALTORS® - Metropolitan Boston Real Estate

Price & Status History

Date Event Price Change
May 28, 2024 Sold $430,000
Dec 7, 2020 New Listing Added $314,900

Market Statistics

Days on Market
7 days
Price per Sq Ft
$429

Tax History

Year Taxes Assessment
2020 $3,750 $339,400

Financial Details

Annual Property Tax
$3,750
Tax Year 2020
HOA Fee
$347
Monthly
Assessed Value
$339,400

Listing Information

Listing Office Weichert, REALTORS® - Metropolitan Boston Real Estate
Agent MLS ID CN240684
Office MLS ID AC2186
Listing Data Updated Jan 29, 2021 2:51 PM 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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