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49 Melrose Street # 3B, Melrose MA 02176

Melrose, MA 02176
$595,000
Est. $4,150/month
2
Beds
2
Baths
1,234
Sq Ft
$482
Price/Sq Ft
1972
Year Built
29
Days on Market
Closed Listed Oct 1, 2024 • MLS# 73296934 Copied!

About this home

SPECTACULAR! One of the nicest units we’ve seen at the Melrose Towers. This unit has been completely updated. All NEW kitchen with Bosch appliances, quartz countertops and backsplash. Hardwood floors in the living room, dining room and kitchen. Bedrooms have top quality wall-to-wall carpeting and walk-in closets. Main bathroom has a walk-in shower. New washer & dryer. All the doors have been replaced. Large balcony with new pet-proof screen. Building has two elevators and a large lobby. The Towers has a lot of amenities including a heated indoor pool and an outside pool. The indoor pool area also features a sauna and solarium. Exterior amenities include a beautiful garden sitting area with benches, grill area and plenty of guest parking. Close to Whole Foods market, public transportation and the commuter line. A 5-minute drive to route 93. Property is professionally landscaped. The indoor garage adds considerable extra value.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1972
Bedrooms
2
Full Bathrooms
2
Living Area
1,234 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $599,000
Final Sale Price: $595,000
Difference: $4,000 (-0.7%)
Performance Metrics
99.3%
List to Sale Ratio
Sold below asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $485
Sale $/sq ft: $482
This property sold for $482 per square foot
Sale Summary

This property sold for 0.7% below the original asking price.

With only 29 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
$482/sq ft
Area Average
$262/sq ft
Difference
+83.8%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1972
Living Area 1,234 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Central, Electric
Cooling Central Air
Flooring Wood, Tile, Carpet
Appliances Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement Y
Laundry In Unit
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Assigned
Total Spaces 2

Utilities

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

Financial

Annual Tax $4,364
Assessed Value $439,500

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: In Unit
Security: Intercom, Security System

Construction & Materials

Year Built: 1972
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Electric
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Assigned

Location

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Neighborhood

49 Melrose Street # 3B, 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 $364
Homeowners Insurance $200
HOA Fee $578/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

0.7%
Price Range
30
Total Days on Market

Property Timeline

Sold
Nov 25, 2024
$595,000
Property sold
Days on Market: 30
🏠
Listed for Sale
Oct 1, 2024
$599,000
Original listing
Agent: Eleanor MacDonald Office: Brad Hutchinson Real Estate

Price & Status History

Date Event Price Change
Oct 1, 2024 New Listing Added $599,000

Market Statistics

Days on Market
29 days
Price per Sq Ft
$482

Tax History

Year Taxes Assessment
2024 $4,364 $439,500

Financial Details

Annual Property Tax
$4,364
Tax Year 2024
HOA Fee
$578
Per month
Assessed Value
$439,500

Listing Information

Listing Agent Eleanor MacDonald
Listing Office Brad Hutchinson Real Estate
Agent MLS ID B0325566
Office MLS ID B11101
Listing Data Updated Nov 26, 2024 3:27 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

49 Melrose Street # 3B, Melrose MA 02176 - Photo 1 49 Melrose Street # 3B, Melrose MA 02176 - Photo 2 49 Melrose Street # 3B, Melrose MA 02176 - Photo 3 49 Melrose Street # 3B, Melrose MA 02176 - Photo 4 49 Melrose Street # 3B, Melrose MA 02176 - Photo 5 49 Melrose Street # 3B, Melrose MA 02176 - Photo 6 49 Melrose Street # 3B, Melrose MA 02176 - Photo 7 49 Melrose Street # 3B, Melrose MA 02176 - Photo 8 49 Melrose Street # 3B, Melrose MA 02176 - Photo 9 49 Melrose Street # 3B, Melrose MA 02176 - Photo 10 49 Melrose Street # 3B, Melrose MA 02176 - Photo 11 49 Melrose Street # 3B, Melrose MA 02176 - Photo 12 49 Melrose Street # 3B, Melrose MA 02176 - Photo 13 49 Melrose Street # 3B, Melrose MA 02176 - Photo 14 49 Melrose Street # 3B, Melrose MA 02176 - Photo 15 49 Melrose Street # 3B, Melrose MA 02176 - Photo 16 49 Melrose Street # 3B, Melrose MA 02176 - Photo 17 49 Melrose Street # 3B, Melrose MA 02176 - Photo 18 49 Melrose Street # 3B, Melrose MA 02176 - Photo 19 49 Melrose Street # 3B, Melrose MA 02176 - Photo 20
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