594 Franklin Street # 7, Melrose MA 02176

Melrose, MA 02176
$234,000
Est. $1,245/month
1
Beds
1
Baths
574
Sq Ft
$408
Price/Sq Ft
1970
Year Built
Condominium
Type
18
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73332406

About this home

Why rent when you can own this charming 1-bedroom, 1-bathroom condo in the heart of Melrose Highlands? Just minutes from the Melrose Highlands Commuter Rail and bus 131 to Oak Grove, this cozy home features an eat-in kitchen with large windows offering natural light and scenic views, a bedroom with a double-wide closet, and a full bathroom with a tiled shower. Deeded parking, on-site laundry, and a bike rack add to its appeal for first-time buyers or investors. Though dated inside, it offers great potential for renovation. Conveniently located near highway access, Whole Foods, parks, shopping, and schools, this condo is an excellent opportunity to own in a fantastic neighborhood.

Sale Statistics

Sale Overview
Original List Price: $249,900
Final Sale Price: $234,000
Difference: $15,900 (-6.4%)
Performance Metrics
93.6%
List to Sale Ratio
Sold below asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $435
Sale $/sq ft: $408
This property sold for $408 per square foot
Sale Summary

This property sold for 6.4% below the original asking price.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
574 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Interior Features

Flooring
Tile, Carpet, Laminate
Heating
Electric Baseboard, Electric
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Disposal, Microwave, Refrigerator
Basement Details
N
Window Features
Insulated Windows, Screens

Exterior & Structure

Construction Materials
Frame
Exterior Features
Screens
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Shopping, Public School, T-Station
HOA Fee
$325
HOA Fee Frequency
Monthly
Association Amenities
Laundry, Storage
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$2,362
Tax Year
2024
Tax Assessed Value
$237,900
Parcel Number
658546
Zoning
URA

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Right to Sell by Probate Court.
Listing Terms
Estate Sale

Location

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Neighborhood

594 Franklin Street # 7, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $197
Homeowners Insurance $200
HOA Fee $325
PMI $0

Property History

Market Insights

6.4%
Price Range
21
Total Days on Market

Property Timeline

Sold
Mar 28, 2025
$234,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Feb 5, 2025
$249,900
Original listing

Price & Status History

Date Event Price Change
Feb 5, 2025 New Listing Added $249,900

Market Statistics

Days on Market
18 days
Price per Sq Ft
$408

Tax History

Year Taxes Assessment
2024 $2,362 $237,900

Financial Details

Annual Property Tax
$2,362
Tax Year 2024
HOA Fee
$325
Monthly
Assessed Value
$237,900

Listing Information

Listing Agent Mary Keenan
Listing Office Heartland Property Real Estate
Agent MLS ID CN246039
Office MLS ID AN8517

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