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534 Main St # 10, Melrose MA 02176

Melrose, MA 02176
$387,000
Est. $2,685/month
1
Beds
1
Baths
542
Sq Ft
$714
Price/Sq Ft
1900
Year Built
20
Days on Market
Closed Listed Jan 7, 2025 • MLS# 73323727 Copied!

About this home

This sought after loft-style condo at The Essex is located in the heart of downtown Melrose, offering the best in dining, shopping & transportation at your doorstep. This bright & airy corner unit features an open-concept layout w/12-foot ceilings & high-end finishes. The kitchen is a standout w/ diamond glass knobs, a mother-of-pearl backsplash, quartz countertops, & ss appliances. The living room w/ an oversized bay window, overlooks Main & Essex Streets. The remodeled bath includes heated tile floors, a full bathtub w/ subway tile, modern vanity w/ ample storage, & chic lighting. Additional highlights include 4 spacious closets, central AC, newer Navien water heater, hardwood floors, storage, & laundry in the building. This pet-friendly assoc. also offers a low condo fee. The location is unbeatable, just 4 blocks to Cedar Park commuter rail w/ bus service outside your door for quick access to the Orange Line at Oak Grove, 1.7 miles away. This is the space you have been looking for!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
1
Full Bathrooms
1
Living Area
542 sq ft
Total Rooms
3
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $385,000
Final Sale Price: $387,000
Difference: +$2,000 (+0.5%)
Performance Metrics
100.5%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $710
Sale $/sq ft: $714
This property sold for $714 per square foot
Sale Summary

This property sold for 0.5% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$714/sq ft
Area Average
$381/sq ft
Difference
+87.5%

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 1900
Living Area 542 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Frame
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Rented, None

Utilities

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

Financial

Annual Tax $3,356
Assessed Value $338,000

Interior Features

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

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2008
Structure Type: Loft
Exterior Materials: Frame
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features: Rented, None

Location

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Neighborhood

534 Main St # 10, 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

7 schools
St. Mary Elementary School
0.3 mi
Grades PK-08
A
Lincoln School
0.4 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
0.7 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
Early Childhood Center
0.8 mi
246 students Moderate
Grades PK-K
A
Roosevelt School
0.8 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-
Herbert Clark Hoover School
0.9 mi | #218 of 824 | Score: 54.0
Dropped 88 spots from last year
-4.2 below state avg
260 students Moderate
Grades K-05
A+
Horace Mann School
1.0 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
0.6 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
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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 $280
Homeowners Insurance $200
HOA Fee $249/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

0.5%
Price Range
22
Total Days on Market

Property Timeline

Sold
Feb 7, 2025
$387,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Jan 7, 2025
$385,000
Original listing
Agent: Melissa Silva Office: RE/MAX 360

Price & Status History

Date Event Price Change
Jan 7, 2025 New Listing Added $385,000

Market Statistics

Days on Market
20 days
Price per Sq Ft
$714

Tax History

Year Taxes Assessment
2024 $3,356 $338,000

Financial Details

Annual Property Tax
$3,356
Tax Year 2024
HOA Fee
$249
Monthly
Assessed Value
$338,000

Listing Information

Listing Agent Melissa Silva
Agent MLS ID CN205068
Office MLS ID AN7070
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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