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16 Spear Street, Melrose MA 02176

Melrose, MA 02176
$626,000
Est. $3,332/month
2
Beds
1
Baths
1,310
Sq Ft
$478
Price/Sq Ft
0.17
Acres
1951
Year Built
Single Family Residence
Type
20
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73151830

About this home

Having been loved and meticulously cared for by the same family for 57 years, this charming 1,310 sf 2 bed, 1 bath Cape is ready to welcome its next stewards. The 1st floor features a living room, bedroom, full bath, dining room, kitchen and 3 season mud room. While there is one 300+/- sf bedroom upstairs, the 2 daughters remember it fondly as the “bedrooms” they grew up in before they left the nest. The unheated basement bonus room served multiple purposes over the years and is ready to be used however you like. Recent updates include freshly painted walls and kitchen cabinets and refinished hardwood floors in the hallway and dining room. While you may never want to leave your backyard oasis with its cooing mourning doves and brightly colored songbirds, you are surprisingly only about a mile from the shops and restaurants Downtown and less than 2 miles from the Oak Grove T station.

Sale Statistics

Sale Overview
Original List Price: $565,000
Final Sale Price: $626,000
Difference: +$61,000 (+10.8%)
Performance Metrics
110.8%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $431
Sale $/sq ft: $478
This property sold for $478 per square foot
Sale Summary

This property sold for 10.8% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1951
Bedrooms
2
Full Bathrooms
1
Living Area
1,310 sq ft
Total Rooms
6
Main Level Bedrooms
1

Interior Features

Flooring
Tile, Vinyl, Carpet, Hardwood
Heating
Baseboard, Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features
Lighting - Overhead, Bonus Room
Laundry Features
Electric Dryer Hookup, Exterior Access, In Basement, Washer Hookup
Basement Details
Full, Crawl Space, Partially Finished, Walk-Out Access, Interior Entry, Concrete

Exterior & Structure

Architectural Style
Cape
Roof
Other
Foundation
Concrete Perimeter
Exterior Features
Porch - Enclosed, Patio, Rain Gutters, City View(s)
Patio/Porch Features
Porch - Enclosed, Patio
Has Spa
No
View
City View(s), City
Has View
Yes
Waterfront Property
No

Lot & Land

Lot Size
0.17 acres
Lot Size
7,410 sq ft
Lot Size Area
0.1700
Lot Features
Sloped
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street

Utilities & Systems

Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, Public School, T-Station
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,092
Tax Year
2023
Tax Assessed Value
$488,700
Parcel Number
655396
Zoning
SRA

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No
Disclosures
Bonus Room in basement is not heated. A new lighting fixture, matching the one in the bathroom hallway, will be installed by the sellers prior to closing.
Exclusions
All Furnishings Inside And Out, Including Potted Plants, Are Staging Are Are Excluded.
Listing Terms
Estate Sale

Location

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Neighborhood

16 Spear Street, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

Elementary School
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Rating information coming soon
Middle School
Mvmms
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High School
Mhs
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Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $424
Homeowners Insurance $200
PMI $0

Property History

Market Insights

9.7%
Price Range
22
Total Days on Market

Property Timeline

✓
Sold
Sep 28, 2023
$626,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Aug 23, 2023
$565,000
Original listing
Agent: The Mary Scimemi Team Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Aug 23, 2023 New Listing Added $565,000 —

Market Statistics

Days on Market
20 days
Price per Sq Ft
$478

Tax History

Year Taxes Assessment
2023 $5,092 $488,700

Financial Details

Annual Property Tax
$5,092
Tax Year 2023
Assessed Value
$488,700

Listing Information

Listing Agent The Mary Scimemi Team
Listing Office Leading Edge Real Estate
Agent MLS ID TM325754
Office MLS ID AN4646

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