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601 Franklin Street # 2, Melrose MA 02176

Melrose, MA 02176 • Melrose Highlands
$519,900
Est. $3,932/month
3
Beds
1
Baths
1,330
Sq Ft
$391
Price/Sq Ft
1910
Year Built
27
Days on Market
Active Price Drop -$5,100 Open House Listed Jan 28, 2026 • MLS# 73472364 Copied!

About this home

Experience the best of Melrose in this 3-bedroom condo, located just 0.2 miles from the commuter rail. This home offers an open layout with elegant coffered ceilings and a kitchen equipped with a gas range and newer appliances. Modern essentials are all here: in-unit laundry, a dedicated storage unit, and a pet-friendly atmosphere. Financial ease is a standout feature, as the condo fee includes heat and hot water with no pending special assessments to worry about. It’s a low-maintenance lifestyle in a premier commuter location. The Melrose lifestyle includes a fenced-in dog park on 1.1 miles away, while the famous Sheepfold offers a premier off-leash experience nearby. For ultimate convenience, top-rated doggie daycare and grooming services are located within a half-mile, making morning drop-offs effortless for rail commuters.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1910
Bedrooms
3
Full Bathrooms
1
Living Area
1,330 sq ft
Total Rooms
6
Entry Level
1

Open House Schedule

01
Mar
Sunday, March 1
12:00 PM - 1:30 PM EST

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1910
Living Area 1,330 sq ft
Bedrooms 3
Full Baths 1
Total Rooms 6

Interior

Heating Steam
Cooling Window Unit(s)
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace Dining Room
Fireplaces 1
Basement N
Laundry First Floor, In Unit
Features None

Exterior

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

Parking

Features Off Street
Total Spaces 1

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $4,174
Assessed Value $421,600

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: First Floor, In Unit
Security:

Construction & Materials

Year Built: 1910
Structure Type: Mid-Rise
Exterior Materials: Frame, Brick, Stone
Roof:
Foundation:

Heating, Cooling & Utilities

Heating: Steam
Heating Zones: 1
Cooling: Window Unit(s)
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

Total Parking Spaces: 1
Parking Features: Off Street

Special Features

Fireplaces: 1
Fireplace Type: Dining Room
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station

Location

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Neighborhood

Melrose Highlands

601 Franklin Street # 2, 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
A
Roosevelt School
0.2 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
Early Childhood Center
0.5 mi
246 students Moderate
Grades PK-K
A+
Horace Mann School
0.7 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

2 schools
A-
Melrose Middle School
0.4 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
B+
Stoneham Central Middle School
1.7 mi | #132 of 352 | Score: 46.3
Dropped 33 spots from last year
-11.9 below state avg
689 students Moderate
Grades 05-08
H

High Schools

1 school
A-
Stoneham High School
1.0 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 $348
Homeowners Insurance $200
HOA Fee $755/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

1
Price Changes
1%
Price Range

Property Timeline

👁️
Showing Instructions Updated
Feb 18, 2026
New showing requirements
Price Reduced
Feb 12, 2026
$519,900 $5,100 (-0.97%)
From $525,000 to $519,900 (-1.0%)
👁️
Showing Instructions Updated
Jan 29, 2026
New showing requirements
👁️
Showing Instructions Updated
Jan 29, 2026
New showing requirements
🏠
Listed for Sale
Jan 28, 2026
$525,000
Original listing
Agent: Joanne Rodrigues Office: Redfin Corp.

Price & Status History

Date Event Price Change
Feb 12, 2026 Price Changed $519,900 -$5,100
Jan 28, 2026 New Listing Added $525,000

Market Statistics

Days on Market
27 days
Price per Sq Ft
$391
Total Price Drop
-$5,100

Tax History

Year Taxes Assessment
2025 $4,174 $421,600

Financial Details

Annual Property Tax
$4,174
Tax Year 2025
HOA Fee
$755
Monthly
Assessed Value
$421,600

Listing Information

Listing Agent Joanne Rodrigues
Listing Office Redfin Corp.
Agent MLS ID BB954894
Office MLS ID NB3534
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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