BMN Boston

Get our mobile app!

Download on the App Store

340 Main Street # 501, Melrose MA 02176

Melrose, MA 02176
$280,000
Est. $2,367/month
1
Beds
1
Baths
624
Sq Ft
$449
Price/Sq Ft
1970
Year Built
11
Days on Market
Closed Listed Jul 22, 2021 • MLS# 72869943 Copied!

About this home

This is the one!!! Stunning 1 bedroom,1 bath corner unit with tons of light, newer kitchen and large white tiled bath! Walking distance to downtown Melrose and near commuter rail and has easy bus access - T stop at front door!!! Commuter rail is minutes away. Great views of downtown Melrose from kitchen and bedroom. Bedroom has stunning views, shelf sills and a large closet. Kitchen has beautiful white quartz counters and lovely gray cabinets. The spacious living room has a custom built white floor to ceiling cabinet. One assigned parking space as well as storage in the basement. Tons of closet space. Security system in all common areas including garage. Intercom entry system & locked access. Newer electrical boxes, hot water tanks and elevator. A separate laundry room offers tons of machines for convenience. This unit also has a built in air conditioner for comfort. Walk to great restaurants and shopping in minutes. Great opportunity to live in desirable Melrose!

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
624 sq ft
Total Rooms
3
Stories
6
Entry Level
5

Sale Statistics

Sale Overview
Original List Price: $274,900
Final Sale Price: $280,000
Difference: +$5,100 (+1.9%)
Performance Metrics
101.9%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $441
Sale $/sq ft: $449
This property sold for $449 per square foot
Sale Summary

This property sold for 1.9% above the original asking price, indicating strong buyer demand.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 11 similar properties sold within 0.5 miles in the last 90 days

This Property
$449/sq ft
Area Average
$422/sq ft
Difference
+6.3%

This property sold slightly above the area average for similar homes.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 624 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric
Cooling Wall Unit(s)
Flooring None
Appliances None
Fireplace None
Basement Y
Laundry None
Features None

Exterior

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

Parking

Features None
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $2,695
Assessed Value $246,100

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Y
Laundry:
Security:

Construction & Materials

Year Built: 1970
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 6

Heating, Cooling & Utilities

Heating: Electric
Heating Zones: 4
Cooling: Wall Unit(s)
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

Total Parking Spaces: 1
Parking Features:

Location

Loading map...

Neighborhood

340 Main Street # 501, Melrose MA 02176

Melrose, MA 02176

Walkability

Loading Walk Score...

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
< 0.1 mi
Grades PK-08
A
Lincoln School
0.2 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
0.9 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
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
Roosevelt School
1.0 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
1.0 mi
246 students Moderate
Grades PK-K
A+
Horace Mann School
1.3 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
M

Middle Schools

1 school
A-
Melrose Middle School
0.9 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
Learn about these ratings

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 $225
Homeowners Insurance $200
HOA Fee $527/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

99.3%
Price Range
12
Total Days on Market

Property Timeline

Current Active Listing - MLS #73520050
Full transaction history available when tracking began
🏡
Currently Listed
May 15, 2026
$2,100
MLS #73520050 - Active
Sold
Aug 23, 2021
$280,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Jul 22, 2021
$274,900
Original listing
Agent: Susan Samuelson Office: Century 21 Sexton & Donohue

Price & Status History

Date Event Price Change
May 15, 2026 Sold $2,100
Jul 22, 2021 New Listing Added $274,900

Market Statistics

Days on Market
11 days
Price per Sq Ft
$449

Tax History

Year Taxes Assessment
2021 $2,695 $246,100

Financial Details

Annual Property Tax
$2,695
Tax Year 2021
HOA Fee
$527
Monthly
Assessed Value
$246,100

Listing Information

Listing Agent Susan Samuelson
Listing Office Century 21 Sexton & Donohue
Agent MLS ID CN229130
Office MLS ID B13001
Listing Data Updated Aug 23, 2021 5:11 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Melrose, MA

Real-time market trends and pricing data for this area

340 Main Street # 501, Melrose MA 02176 - Photo 1 340 Main Street # 501, Melrose MA 02176 - Photo 2 340 Main Street # 501, Melrose MA 02176 - Photo 3 340 Main Street # 501, Melrose MA 02176 - Photo 4 340 Main Street # 501, Melrose MA 02176 - Photo 5 340 Main Street # 501, Melrose MA 02176 - Photo 6 340 Main Street # 501, Melrose MA 02176 - Photo 7 340 Main Street # 501, Melrose MA 02176 - Photo 8 340 Main Street # 501, Melrose MA 02176 - Photo 9 340 Main Street # 501, Melrose MA 02176 - Photo 10 340 Main Street # 501, Melrose MA 02176 - Photo 11 340 Main Street # 501, Melrose MA 02176 - Photo 12 340 Main Street # 501, Melrose MA 02176 - Photo 13 340 Main Street # 501, Melrose MA 02176 - Photo 14
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour