340 Main Street # 705, Melrose MA 02176
Melrose, MA 02176 • Wyoming
$220,000
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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.
Nearby Sales Comparison
Based on 10 similar properties sold within 0.5 miles in the last 90 days
This Property
$728/sq ft
Area Median
$490/sq ft
Difference
+48.7%
This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.
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!
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Recently Sold Nearby
Property History
Market Insights
21.8%
Price Range
20
Total Days on Market
1
Previous Sales
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
Previous Transaction - MLS #73020982
Full transaction history available when tracking began
Previously Sold
Aug 29, 2022
$172,000
MLS #73020982
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/22/2025 | ✓ Sold | $220,000 | - | - | Property sold |
| 03/31/2025 | 🏠 Listed for Sale | $199,000 | - | - | Original listing |
| 08/29/2022 | 🏷️ Previously Sold | $172,000 | - | - | MLS #73020982 |
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
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1970
Living Area
302 sq ft
Full Baths
1
Total Rooms
1
Interior
Heating
Forced Air, Electric, Unit Control
Cooling
None
Flooring
Vinyl
Appliances
Range, Dishwasher, Refrigerator
Fireplace
None
Basement
Y
Laundry
Common Area, In Building
Features
Internet Available - Unknown, Elevator
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Deeded, Paved
Total Spaces
1
Utilities
Electric
100 Amp Service
Water
Individual Meter
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$1,766
Assessed Value
$178,400
HOA & Community
HOA Fee
$232 Monthly
Fee Includes
Heat, Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash, Reserve Funds
Amenities
Hot Water, Laundry, Elevator(s), Storage
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["High-Rise"]
Unit/Building
705
Sq Ft Source
Master Deed
Documents
None
County
Middlesex
Total market time (incl. prior listings)
20 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1970
Full Bathrooms
1
Living Area
302 sq ft
Total Rooms
1
Stories
1
Entry Level
7
Floor Layout
Interactive room guide
Floor Layout
Finished Area
302 sq ft above grade
FeaturesYes
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Vinyl
Appliances:
Range, Dishwasher, Refrigerator
Interior Features:
Internet Available - Unknown, Elevator
Windows:
Basement:
Y
Laundry:
Common Area, In Building
Security:
Intercom
Construction & Materials
Year Built:
1970
Structure Type:
High-Rise
Exterior Materials:
Roof:
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Forced Air, Electric, Unit Control
Cooling:
None
Hot Water:
Water Source:
Individual Meter
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Off Street, Deeded, Paved
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
Elementary Schools
7 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
A-
Herbert Clark Hoover School
0.9 mi
|
#218 of 824
|
Score: 54.0
Dropped 88 spots from last year
-4.2 below state avg
260 students
Moderate
Grades K-05
A
Roosevelt School
1.0 mi
|
#124 of 824
|
Score: 57.9
Improved 100 spots from last year
-0.4 below state avg
406 students
Moderate
Rising School
Strong Attendance
Grades K-05
Early Childhood Center
1.0 mi
246 students
Moderate
Grades PK-K
A+
Horace Mann School
1.3 mi
|
#79 of 824
|
Score: 60.5
Dropped 73 spots from last year
+2.3 above state avg
254 students
Less Diverse
Strong Attendance
Grades K-05
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
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Location
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Neighborhood
Wyoming
340 Main Street # 705, Melrose MA 02176
Melrose, MA 02176
Listing Information
Listing Agent
Dionysios Kaskarelis
Listing Office
Barrett Sotheby's International Realty
Office Phone
781-729-7900
Agent MLS ID
CN256126
Office MLS ID
AN6380
Listing Data Updated
May 23, 2025 8:29 AM 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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