340 Main St # 503, Melrose MA 02176

Melrose, MA 02176
$270,000
Est. $1,437/month
1
Baths
420
Sq Ft
$643
Price/Sq Ft
1970
Year Built
Condominium
Type
7
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73310503

About this home

Welcome to 340 Main Street! This charming, studio condo is perfectly located near downtown Melrose and is close to public transportation with easy access to Boston. This unit showcases updated flooring, a ton of natural light and recently painted and refurbished kitchen cabinets and a well-sized bathroom. The unit also comes with a deeded garage space and a shared balcony right next your front door. Whether you are an owner occupied buyer or an investor, do not miss the opportunity to buy into one of the best markets in all of Greater Boston!

Sale Statistics

Sale Overview
Original List Price: $275,000
Final Sale Price: $270,000
Difference: $5,000 (-1.8%)
Performance Metrics
98.2%
List to Sale Ratio
Sold below asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $655
Sale $/sq ft: $643
This property sold for $643 per square foot
Sale Summary

This property sold for 1.8% below the original asking price.

With only 7 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
1970
Full Bathrooms
1
Living Area
420 sq ft
Total Rooms
2
Stories
1
Entry Level
5

Interior Features

Flooring
Laminate
Heating
Electric Baseboard
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Has Fireplace
No
Basement Details
N

Exterior & Structure

Exterior Features
Balcony
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Parking Features
Garage Door Opener, Deeded
Covered Parking Spaces
1

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Medical Facility
HOA Fee
$323
Association Amenities
Hot Water, Laundry, Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$2,265
Tax Year
2024
Tax Assessed Value
$228,100
Parcel Number
M:0C6 P:005841,653941
Zoning
BA1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
Yes

Location

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Neighborhood

340 Main St # 503, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $189
Homeowners Insurance $200
HOA Fee $323
PMI $0

Property History

Market Insights

1.8%
Price Range
8
Total Days on Market

Property Timeline

Sold
Dec 30, 2024
$270,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Nov 7, 2024
$275,000
Original listing
Agent: Ray Suppa Office: Coldwell Banker Realty - Cambridge

Price & Status History

Date Event Price Change
Nov 7, 2024 New Listing Added $275,000

Market Statistics

Days on Market
7 days
Price per Sq Ft
$643

Tax History

Year Taxes Assessment
2024 $2,265 $228,100

Financial Details

Annual Property Tax
$2,265
Tax Year 2024
HOA Fee
$323
Per month
Assessed Value
$228,100

Listing Information

Listing Agent Ray Suppa
Listing Office Coldwell Banker Realty - Cambridge
Agent MLS ID CN226709
Office MLS ID AN6200

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340 Main St # 503, Melrose MA 02176 - Photo 1 340 Main St # 503, Melrose MA 02176 - Photo 2 340 Main St # 503, Melrose MA 02176 - Photo 3 340 Main St # 503, Melrose MA 02176 - Photo 4 340 Main St # 503, Melrose MA 02176 - Photo 5 340 Main St # 503, Melrose MA 02176 - Photo 6 340 Main St # 503, Melrose MA 02176 - Photo 7 340 Main St # 503, Melrose MA 02176 - Photo 8 340 Main St # 503, Melrose MA 02176 - Photo 9 340 Main St # 503, Melrose MA 02176 - Photo 10 340 Main St # 503, Melrose MA 02176 - Photo 11 340 Main St # 503, Melrose MA 02176 - Photo 12

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