585 Franklin St # 3, Melrose MA 02176

Melrose, MA 02176 • Melrose Highlands
$615,000
Est. $3,273/month
3
Beds
2
Baths
1,482
Sq Ft
$415
Price/Sq Ft
1910
Year Built
Condominium
Type
20
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73295113

About this home

Charming Condo in Melrose! This stunning condominium blends old-world charm with modern convenience in the highly desirable Melrose Highlands. With 1,482 square feet of living space, the unit features three bedrooms, two full bathrooms, and an inviting sunroom, offering a perfect balance of functionality and style. Architectural details like bay windows, coffered ceilings, and hardwood floors create an atmosphere of timeless elegance. Natural light pours into the space, highlighting the craftsmanship that sets this home apart. The tall ceilings add to the spacious feel, making it both warm and expansive. Practicality meets luxury with in-unit laundry, a spacious storage room, and one of the rare six detached garage spots. Just steps from your front door, you’ll find a variety of restaurants, coffee shops, and the commuter rail, making this a true urban oasis. Whether you're commuting into the city or enjoying the local amenities, this location offers unparalleled convenience.

Sale Statistics

Sale Overview
Original List Price: $599,900
Final Sale Price: $615,000
Difference: +$15,100 (+2.5%)
Performance Metrics
102.5%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $405
Sale $/sq ft: $415
This property sold for $415 per square foot
Sale Summary

This property sold for 2.5% 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
Condominium
Property Category
Residential
Year Built
1910
Bedrooms
3
Full Bathrooms
2
Living Area
1,482 sq ft
Total Rooms
6
Stories
3
Entry Level
3

Interior Features

Flooring
Wood, Tile, Flooring - Hardwood
Heating
Steam, Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Sun Room
Laundry Features
In Unit
Basement Details
Y
Door Features
French Doors

Exterior & Structure

Construction Materials
Frame
Roof
Rubber
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Parking Features
Detached
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, T-Station
HOA Fee
$810
HOA Fee Frequency
Monthly
Association Amenities
Hot Water
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,886
Tax Year
2024
Tax Assessed Value
$492,000
Parcel Number
M:B12 P:053853,4611950
Zoning
URC

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Building Name
Undercliff
Disclosures
see INFO PACK
Exclusions
See Info Pack

Location

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Neighborhood

Melrose Highlands

585 Franklin St # 3, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

Middle School
Melrose
Rating information coming soon
High School
Melrose
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $407
Homeowners Insurance $200
HOA Fee $810
PMI $0

Property History

Market Insights

2.5%
Price Range
22
Total Days on Market

Property Timeline

Sold
Nov 1, 2024
$615,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Sep 26, 2024
$599,900
Original listing
Agent: The Mary Scimemi Team Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Sep 26, 2024 New Listing Added $599,900

Market Statistics

Days on Market
20 days
Price per Sq Ft
$415

Tax History

Year Taxes Assessment
2024 $4,886 $492,000

Financial Details

Annual Property Tax
$4,886
Tax Year 2024
HOA Fee
$810
Monthly
Assessed Value
$492,000

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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