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49 Melrose Street # 1A, Melrose MA 02176

Melrose, MA 02176
$290,000
Est. $2,297/month
1
Beds
1
Baths
792
Sq Ft
$366
Price/Sq Ft
1972
Year Built
52
Days on Market
Closed Listed Aug 12, 2022 • MLS# 73024836 Copied!

About this home

Welcome to the Melrose Towers & all that it offers. Conveniently located just steps to shops, restaurants, parks & transportation. Ideal quite private balcony location overlooking the park. Large living room/dining room, 16x12 bedroom and eat-in kitchen with washer/dryer hookup. Sauna, indoor and outdoor pools, tennis and more, on lovely, well-maintained grounds. Be the 1st to see this much sought-after gem.

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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
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $325,000
Final Sale Price: $290,000
Difference: $35,000 (-10.8%)
Performance Metrics
89.2%
List to Sale Ratio
Sold below asking price
52
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $410
Sale $/sq ft: $366
This property sold for $366 per square foot
Sale Summary

This property sold for 10.8% below the original asking price.

The property spent 52 days on market before selling.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$366/sq ft
Area Average
$281/sq ft
Difference
+30.2%

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

Facts & Features

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 None
Flooring Carpet
Appliances Dishwasher, Disposal
Fireplace None
Basement N
Laundry First Floor
Features None

Exterior

Construction Brick
Architecture None
Roof Tar/gravel
Features Balcony
Pool Association, In Ground, Indoor
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,196
Assessed Value $302,300

Interior Features

Flooring: Carpet
Appliances: Dishwasher, Disposal
Interior Features:
Windows:
Basement: N
Laundry: First Floor
Security:

Construction & Materials

Year Built: 1972
Structure Type: Garden
Exterior Materials: Brick
Roof: Tar/Gravel
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric Baseboard
Cooling: None
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

Location

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Neighborhood

49 Melrose Street # 1A, 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 $266
Homeowners Insurance $200
HOA Fee $364/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

31%
Price Range
54
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73334787
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 24, 2025
$420,500
MLS #73334787
Sold
Nov 2, 2022
$290,000
Property sold
Days on Market: 54
🏠
Listed for Sale
Aug 12, 2022
$299,900
Original listing
Agent: Mary Sexton Office: Century 21 Sexton & Donohue

Price & Status History

Date Event Price Change
Mar 24, 2025 Sold $420,500
Aug 12, 2022 New Listing Added $299,900

Market Statistics

Days on Market
52 days
Price per Sq Ft
$366

Tax History

Year Taxes Assessment
2022 $3,196 $302,300

Financial Details

Annual Property Tax
$3,196
Tax Year 2022
HOA Fee
$364
Monthly
Assessed Value
$302,300

Listing Information

Listing Agent Mary Sexton
Listing Office Century 21 Sexton & Donohue
Agent MLS ID B0302867
Office MLS ID B13001
Listing Data Updated Nov 2, 2022 2:05 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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