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53 Melrose St # 7G, Melrose MA 02176

Melrose, MA 02176
$380,000
Est. $2,876/month
1
Beds
1
Baths
755
Sq Ft
$503
Price/Sq Ft
1961
Year Built
12
Days on Market
Closed Listed Apr 11, 2025 • MLS# 73358766 Copied!

About this home

Hard to find 1BR unit at much desired Melrose Towers, on TOP floor, with Southern exposure overlooking Ell Pond. This unit is unique with its custom woodcraftsman walls, hardwood floors and an updated kitchen. Enjoy the beautiful spring weather on your balcony, and when the summer comes, take a dip in the well maintained outdoor pool (there is also an indoor pool, too, handy in the inclement weather!). The solarium is a bright attractive space to read, work, or have lunch with friends, and the grounds of the Towers are beautifully cared for - there is even a peaceful bench next to the waterfall. Convenience is KEY! - Easy access to grocery, pharmacies, restaurants, bus and train. Note that in this building (53), hot water is included in the fee. Common laundry, one deeded parking space (#17G) in a convenient spot, ample visitor parking and a storage closet (7G) is on the first floor across from elevator. Don't miss this great opportunity to make this your own!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1961
Bedrooms
1
Full Bathrooms
1
Living Area
755 sq ft
Total Rooms
4
Stories
1
Entry Level
7

Sale Statistics

Sale Overview
Original List Price: $349,900
Final Sale Price: $380,000
Difference: +$30,100 (+8.6%)
Performance Metrics
108.6%
List to Sale Ratio
Sold above asking price
12
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $463
Sale $/sq ft: $503
This property sold for $503 per square foot
Sale Summary

This property sold for 8.6% above the original asking price, indicating strong buyer demand.

With only 12 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
$503/sq ft
Area Average
$262/sq ft
Difference
+91.8%

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 1961
Living Area 755 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Electric, Unit Control
Cooling Central Air
Flooring Wood
Appliances Dishwasher, Range, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Stone
Architecture None
Roof None
Features Porch - Enclosed
Pool Association, In Ground, Indoor
Spa None
Fencing None
Patio/Porch Enclosed

Parking

Features Assigned
Total Spaces 1

Utilities

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

Financial

Annual Tax $3,590
Assessed Value $362,600

Interior Features

Flooring: Wood
Appliances: Dishwasher, Range, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1961
Effective Year (Renovated): 1974
Structure Type: Garden
Exterior Materials: Stone
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric, Unit Control
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Enclosed
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Assigned

Location

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Neighborhood

53 Melrose St # 7G, Melrose MA 02176

Melrose, MA 02176

Walkability

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Nearby Schools

School information not available for this location.

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 $299
Homeowners Insurance $200
HOA Fee $456/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

7.9%
Price Range
13
Total Days on Market

Property Timeline

Sold
May 14, 2025
$380,000
Property sold
Days on Market: 13
🏠
Listed for Sale
Apr 11, 2025
$349,900
Original listing
Agent: Linda Hutchinson Office: Brad Hutchinson Real Estate

Price & Status History

Date Event Price Change
Apr 11, 2025 New Listing Added $349,900

Market Statistics

Days on Market
12 days
Price per Sq Ft
$503

Tax History

Year Taxes Assessment
2025 $3,590 $362,600

Financial Details

Annual Property Tax
$3,590
Tax Year 2025
HOA Fee
$456
Monthly
Assessed Value
$362,600

Listing Information

Listing Agent Linda Hutchinson
Listing Office Brad Hutchinson Real Estate
Agent MLS ID B0386860
Office MLS ID B11101
Listing Data Updated May 19, 2025 9:37 AM 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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