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340 Main St # 412, Melrose MA 02176

Melrose, MA 02176
$330,000
Est. $2,530/month
1
Beds
1
Baths
586
Sq Ft
$563
Price/Sq Ft
1970
Year Built
12
Days on Market
Closed Listed Mar 26, 2024 • MLS# 73216359 Copied!

About this home

This sunny corner one-bedroom condo boasts a fantastic location close to public transportation and vibrant downtown Melrose. This condo offers the perfect blend of comfort and convenience. Prime location for easy access to everything you need. Bright and cheerful thanks to the southeast exposure. Great potential as a cozy home or income property. Eat-in kitchen with a charming window seat - perfect for morning coffee. Cable TV hookups already in place in the living room and bedroom. Shared balcony just outside your door - perfect for relaxing outdoors. Highly desirable deeded garage parking space! Affordable condo fees with a financially healthy association!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
586 sq ft
Total Rooms
3
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $310,000
Final Sale Price: $330,000
Difference: +$20,000 (+6.5%)
Performance Metrics
106.5%
List to Sale Ratio
Sold above asking price
12
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $529
Sale $/sq ft: $563
This property sold for $563 per square foot
Sale Summary

This property sold for 6.5% above the original asking price, indicating strong buyer demand.

With only 12 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 12 similar properties sold within 0.5 miles in the last 90 days

This Property
$563/sq ft
Area Average
$443/sq ft
Difference
+27.2%

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

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 586 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric Baseboard
Cooling Wall Unit(s)
Flooring None
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement N
Laundry Fourth Floor, In Building
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Deeded
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $2,518
Assessed Value $253,600

Interior Features

Flooring:
Appliances: Range, Dishwasher, Disposal, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Fourth Floor, In Building
Security:

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Electric Baseboard
Cooling: Wall Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Deeded

Location

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Neighborhood

340 Main St # 412, 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
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
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
H

High Schools

2 schools
C+
Malden High School
1.8 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
A-
Stoneham High School
1.8 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
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 $210
Homeowners Insurance $200
HOA Fee $451/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

6.1%
Price Range
13
Total Days on Market

Property Timeline

Sold
May 17, 2024
$330,000
Property sold
Days on Market: 13
🏠
Listed for Sale
Mar 26, 2024
$310,000
Original listing
Agent: Aditi Jain Office: Redfin Corp.

Price & Status History

Date Event Price Change
Mar 26, 2024 New Listing Added $310,000

Market Statistics

Days on Market
12 days
Price per Sq Ft
$563

Tax History

Year Taxes Assessment
2024 $2,518 $253,600

Financial Details

Annual Property Tax
$2,518
Tax Year 2024
HOA Fee
$451
Monthly
Assessed Value
$253,600

Listing Information

Listing Agent Aditi Jain
Listing Office Redfin Corp.
Agent MLS ID CN208227
Office MLS ID NB3534
Listing Data Updated May 17, 2024 3:51 PM 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

Real-time market trends and pricing data for this area

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