340 Main Street # 705, Melrose MA 02176

Melrose, MA 02176 • Wyoming
$220,000
Est. $1,171/month
1
Baths
302
Sq Ft
$728
Price/Sq Ft
1970
Year Built
Condominium
Type
51
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73352088

About this home

Penthouse studio condo in downtown Melrose with a lot of natural light, floors and appliances in great condition, ample kitchen cabinet space, and a well-sized bathroom. A common balcony with great views only for the 7th floor residents is included as well as in-building laundry on the 4th floor, additional storage in the basement, and one deeded off-street parking spot. Association is pet friendly! Commuting is effortless; Wyoming Hill commuter rail (purple line) is just around the corner, the bus to Oak Grove T (orange line) stops in front of the building, and Route 93 is only a 7-minute drive. Enjoy the vibrant Melrose lifestyle, with restaurants, coffee shops, gyms, stores, and a Shaw's supermarket all within immediate proximity. Outdoor enthusiasts will love the proximity to Fells reservation, Pine Banks park, hiking trails, and a nearby dog park. With a prime location, modern comforts, and an unbeatable convenience, this condo is perfect for both owner-occupiers and investors!

Sale Statistics

Sale Overview
Original List Price: $199,000
Final Sale Price: $220,000
Difference: +$21,000 (+10.6%)
Performance Metrics
110.6%
List to Sale Ratio
Sold above asking price
51
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $659
Sale $/sq ft: $728
This property sold for $728 per square foot
Sale Summary

This property sold for 10.6% above the original asking price, indicating strong buyer demand.

The property spent 51 days on market before selling.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1970
Full Bathrooms
1
Living Area
302 sq ft
Total Rooms
1
Stories
1
Entry Level
7

Interior Features

Flooring
Vinyl
Heating
Forced Air, Electric, Unit Control
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator
Interior Features
Internet Available - Unknown, Elevator
Laundry Features
Common Area, In Building
Basement Details
Y

Exterior & Structure

Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

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

Utilities & Systems

Water Source
Individual Meter
Sewer
Public Sewer
Electric
100 Amp Service
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station
HOA Fee
$232
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Laundry, Elevator(s), Storage
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$1,766
Tax Year
2025
Tax Assessed Value
$178,400
Parcel Number
M:0C6 P:005867,653916
Zoning
BA1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Melrose Place Condominium
Common Walls
No One Above
Attached Property
Yes

Location

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Neighborhood

Wyoming

340 Main Street # 705, 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 $147
Homeowners Insurance $200
HOA Fee $232
PMI $0

Property History

Market Insights

9.5%
Price Range
20
Total Days on Market

Property Timeline

Sold
May 22, 2025
$220,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Mar 31, 2025
$199,000
Original listing
Agent: Dionysios Kaskarelis Office: Barrett Sotheby's International Realty

Price & Status History

Date Event Price Change
Mar 31, 2025 New Listing Added $199,000

Market Statistics

Days on Market
51 days
Price per Sq Ft
$728

Tax History

Year Taxes Assessment
2025 $1,766 $178,400

Financial Details

Annual Property Tax
$1,766
Tax Year 2025
HOA Fee
$232
Monthly
Assessed Value
$178,400

Listing Information

Listing Agent Dionysios Kaskarelis
Listing Office Barrett Sotheby's International Realty
Agent MLS ID CN256126
Office MLS ID AN6380

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