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340 Main St # 705, Melrose MA 02176

Melrose, MA 02176
$172,000
1
Baths
302
Sq Ft
$570
Price/Sq Ft
1970
Year Built
1
Parking
5
Days on Market
Closed Listed Aug 3, 2022 • MLS# 73020982 Copied! • Updated Sep 16, 2022

Sale Statistics

Sale Overview
Original List Price: $189,999
Final Sale Price: $172,000
Difference: $17,999 (-9.5%)
Performance Metrics
90.5%
List to Sale Ratio
Sold below asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $629
Sale $/sq ft: $570
This property sold for $570 per square foot
Sale Summary

This property sold for 9.5% below the original asking price.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$570/sq ft
Area Average
$284/sq ft
Difference
+100.7%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Bright and sunny top-floor studio condo in desirable downtown Melrose!! Step outside your unit to a shared deck space with great views of Melrose. This condo has been kept in meticulous condition over the years and recently had new floors installed and ample cabinet space in the kitchen. This unit has a deeded off-street parking space, additional storage, and in-building laundry. You are minutes away from Turners Seafood, Mexico Linda, shops, parks, and all downtown Melrose offers. This unit is a commuter's dream as it is close to Wyoming Hill commuter rail station and the 137 Bus to Oak Grove.

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Recently Sold Nearby

Property History

Market Insights

21.8%
Price Range
6
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73352088
Full transaction history available when tracking began
🏷️
Previously Sold
May 22, 2025
$220,000
MLS #73352088
Sold
Aug 29, 2022
$172,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Aug 3, 2022
$189,999
Original listing
Agent: Dot Collection Office: Access

Tax History

Year Taxes Assessment
2022 $1,589 $150,300

Financial Details

Annual Property Tax
$1,589
Tax Year 2022
HOA Fee
$255
Per month
Assessed Value
$150,300

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 302 sq ft
Full Baths 1
Total Rooms 2

Interior

Heating Electric
Cooling Window Unit(s)
Flooring None
Appliances Range, Refrigerator
Fireplace None
Basement N
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street, Deeded
Total Spaces 1
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
Annual Tax $1,589
Assessed Value $150,300

HOA & Community

HOA Fee $255
Fee Includes Water, Sewer, Insurance, Security, Maintenance Grounds, Snow Removal, Trash
Amenities Hot Water, Laundry, Elevator(s), Storage
Optional Fee Includes None
Pets No
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["High-Rise"]
Unit/Building 705
Sq Ft Source Public Record
Documents Master Deed, Rules & Regs, Certificate Of Insurance (3)
County Middlesex
Total market time (incl. prior listings) 6 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Full Bathrooms
1
Living Area
302 sq ft
Total Rooms
2
Stories
1
Entry Level
7

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances: Range, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 1970
Structure Type: High-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric
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, Deeded

Nearby Schools

School information not available for this location.

Location

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Neighborhood

340 Main St # 705, Melrose MA 02176

Melrose, MA 02176

Listing Information

Listing Agent Dot Collection
Listing Office Access
Office Phone 617-825-8000
Agent MLS ID TM325586
Office MLS ID AN4691
Listing Data Updated Sep 16, 2022 9:57 AM EDT
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

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