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62 Elm St, Melrose MA 02176

Melrose, MA 02176 • Horace Mann
$850,000
Est. $5,008/month
3
Beds
2.5
Baths
1,742
Sq Ft
$488
Price/Sq Ft
0.09
Acres
1940
Year Built
6
Days on Market
Closed Listed Feb 4, 2021 • MLS# 72782534 Copied!

About this home

Come fall in love with this spacious cape style home that will steal your heart! From the abundant natural light, to the great flow, and the classic style, this stunning property shows like pages from a magazine! The amazing kitchen will "wow" you with high end Thermador appliances and gorgeous quartz countertops. The 3 new bathrooms are just as impressive...wait until you see the master bath! Fire placed living room offers fantastic entertaining space and the lower level allows even more finished space to spread out! List of improvements also include: new roof, new windows, new 200amp electrical, new gas heating, new lighting, gleaming hardwood floors and fresh paint inside and out. An attached garage, screened porch, and level yard check more of 'the boxes'! Location is just as impressive...less than a mile to downtown Melrose, commuter rail, Whole Foods and so much more.Check out the virtual tour at: https://my.matterport.com/show/?m=7j5P4tmqidB Open house Sat/Sun 11:30AM to 1PM

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1940
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,742 sq ft
Total Rooms
7

Sale Statistics

Sale Overview
Original List Price: $799,900
Final Sale Price: $850,000
Difference: +$50,100 (+6.3%)
Performance Metrics
106.3%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $459
Sale $/sq ft: $488
This property sold for $488 per square foot
Sale Summary

This property sold for 6.3% above the original asking price, indicating strong buyer demand.

With only 6 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
$488/sq ft
Area Average
$548/sq ft
Difference
10.9%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1940
Living Area 1,742 sq ft
Lot Size 0.09 acres
Bedrooms 3
Full Baths 2
Half Baths 1
Total Rooms 7

Interior

Heating Electric Baseboard, Steam, Natural Gas, Electric
Cooling None
Flooring Tile, Concrete, Marble, Hardwood
Appliances Gas Water Heater, Oven, Disposal, Microwave, Range, Refrigerator
Fireplace Family Room, Living Room
Fireplaces 2
Basement Partially Finished, Concrete
Laundry In Basement, Gas Dryer Hookup, Washer Hookup
Features None

Exterior

Construction None
Architecture Cape
Roof Shingle
Features Porch - Screened
Pool None
Spa None
Fencing None
Patio/Porch Screened

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Paved Drive, Off Street
Total Spaces 3

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Oven, For Gas Dryer, Washer Hookup

Financial

Annual Tax $6,117
Assessed Value $553,600

Interior Features

Flooring: Tile, Concrete, Marble, Hardwood
Appliances: Gas Water Heater, Oven, Disposal, Microwave, Range, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: Partially Finished, Concrete
Laundry: In Basement, Gas Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Style: Cape
Year Built: 1940
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone

Heating, Cooling & Utilities

Heating: Electric Baseboard, Steam, Natural Gas, Electric
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 3
Parking Features: Under, Paved Drive, Off Street

Special Features

Fireplaces: 2
Fireplace Type: Family Room, Living Room
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T-Station

Location

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Neighborhood

Horace Mann

62 Elm St, 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
0.2 mi
246 students Moderate
Grades PK-K
A+
Horace Mann School
0.3 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
A
Winthrop School
0.6 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
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
C+
Saugus Middle School
1.8 mi | #248 of 352 | Score: 36.3
Improved 63 spots from last year
-21.9 below state avg
616 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
A-
Stoneham High School
1.7 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
C
Saugus High School
1.8 mi | #260 of 346 | Score: 45.6
Improved 8 spots from last year
-12.6 below state avg
744 students Diverse
17 sports • 972 athletes
College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
A-
Wakefield Memorial High School
2.0 mi | #79 of 346 | Score: 62.6
Improved 16 spots from last year
+4.4 above state avg
854 students Moderate
18 sports • 1,930 athletes
High Graduation Rate 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 $510
Homeowners Insurance $200
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

47%
Price Range
7
Total Days on Market
1
Previous Sales

Property Timeline

Current Active Listing - MLS #73524885
Full transaction history available when tracking began
🏡
Currently Listed
May 27, 2026
$990,000
MLS #73524885 - Active
Sold
Mar 11, 2021
$850,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Feb 4, 2021
$799,900
Original listing
Agent: Karen Regan Office: RE/MAX Platinum
Previous Transaction - MLS #72649213
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 1, 2020
$525,000
MLS #72649213

Price & Status History

Date Event Price Change
May 27, 2026 Sold $990,000
Feb 4, 2021 New Listing Added $799,900
Jun 1, 2020 Sold $525,000

Market Statistics

Days on Market
6 days
Price per Sq Ft
$488

Tax History

Year Taxes Assessment
2020 $6,117 $553,600

Financial Details

Annual Property Tax
$6,117
Tax Year 2020
Assessed Value
$553,600

Listing Information

Listing Agent Karen Regan
Listing Office RE/MAX Platinum
Agent MLS ID B8001197
Office MLS ID AN2701
Listing Data Updated Mar 11, 2021 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

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