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340 Main St # 703, Melrose MA 02176

Melrose, MA 02176
$305,000
Est. $1,623/month
1
Beds
1
Baths
738
Sq Ft
$413
Price/Sq Ft
1970
Year Built
Condominium
Type
7
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73311933

About this home

Penthouse condo located in the heart of Melrose Square! This sweet 1 bdrm home offers nice scale & great natural light. Love the views day & night of bustling downtown & the vast skyline through the wall of windows in both the living area & bedroom!! Convenient for commuting to Boston or points north as the commuter rail (purple line) is 2 blocks away & the Orange Line bus is right out front & Rt 93 is nearby too. Each floor has a common balcony, perfect for relaxing w/a good book or morning coffee! Walk to all Melrose has to offer...diverse restaurants, Shaws, coffee shops, gyms, boutiques & a brewery! Lots of outdoor recreation opportunity too as the Fells Reservation, hiking trails, Pine Banks & a dog park are all close! This unit also offers a new heat pump/ac (18 months)! The views, the bonus room/ in-home office & great closets make this condo stand out! You will love the easy commute & the seamless access to so many amenities right out your front door...leave the car at home!

Sale Statistics

Sale Overview
Original List Price: $299,900
Final Sale Price: $305,000
Difference: +$5,100 (+1.7%)
Performance Metrics
101.7%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $406
Sale $/sq ft: $413
This property sold for $413 per square foot
Sale Summary

This property sold for 1.7% above the original asking price, indicating strong buyer demand.

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
Bedrooms
1
Full Bathrooms
1
Living Area
738 sq ft
Total Rooms
3
Stories
7
Entry Level
7

Interior Features

Flooring
Tile, Carpet, Laminate, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
Heating
Electric Baseboard, Heat Pump
Has Heating
Yes
Cooling
Heat Pump
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
Closet, Home Office, Entry Hall, Elevator
Laundry Features
Common Area, In Building
Basement Details
N
Window Features
Insulated Windows

Exterior & Structure

Roof
Rubber
Exterior Features
Balcony
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Deeded

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
HOA Fee
$524
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Laundry, Elevator(s), Storage
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$2,771
Tax Year
2024
Tax Assessed Value
$279,100
Parcel Number
653941
Zoning
BA1

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Building Name
Melrose Place
Common Walls
No One Above
Attached Property
Yes
Disclosures
Rooms are virtually staged. Laundry rm is on the 4th floor. Storage space (703) in lower level. Parking Spot 32 located behind the building across Corey St.
Listing Terms
Contract

Location

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Neighborhood

340 Main St # 703, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

Elementary School
Lottery
Rating information coming soon
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 $231
Homeowners Insurance $200
HOA Fee $524
PMI $0

Property History

Market Insights

1.7%
Price Range
8
Total Days on Market

Property Timeline

✓
Sold
Dec 30, 2024
$305,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Nov 12, 2024
$299,900
Original listing
Agent: Leeman & Gately Office: Compass

Price & Status History

Date Event Price Change
Nov 12, 2024 New Listing Added $299,900 —

Market Statistics

Days on Market
7 days
Price per Sq Ft
$413

Tax History

Year Taxes Assessment
2024 $2,771 $279,100

Financial Details

Annual Property Tax
$2,771
Tax Year 2024
HOA Fee
$524
Monthly
Assessed Value
$279,100

Listing Information

Listing Agent Leeman & Gately
Listing Office Compass
Agent MLS ID TM336476
Office MLS ID AN2383

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