340 Main St # 502, Melrose MA 02176

Melrose, MA 02176

$280,000

Baths

444

Sq Ft

$631

Price/Sq Ft

1970

Year Built

Garage Space

Condominium

Type

Days on Market

Sold Listed May 6, 2025 • MLS# 73370521 Copied! • Updated Jun 13, 2025

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Sale Statistics

Sale Overview

Original List Price: $270,000

                            Final Sale Price:
                            $280,000
                        

Difference: +$10,000 (+3.7%)

Performance Metrics

103.7%

List to Sale Ratio

Sold above asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $608

                            Sale $/sq ft:
                            $631
                        

This property sold for $631 per square foot

Sale Summary

This property sold for 3.7% 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.

Nearby Sales Comparison

Based on 10 similar properties sold within 0.5 miles in the last 90 days

This Property

$631/sq ft

Area Median

$490/sq ft

Difference

+28.9%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Welcome to Melrose! This studio condo offers everything someone would want who is looking to get into the melrose market. Whether you're a first time buyer, downsizing or investor this condo checks all the boxes! The close proximity to all major highways, walking distance to the commuter train and Orange line, and the bus stoping right out front making this the perfect condo. This studio unit has a built in murphy bed which allows the unit to live bigger. Laundry area offers multiple washer and dryers and extra storage is located in the garage not far from the units parking spot. If you've been trying to get into the Melrose market don't miss seeing this centrally located condo which is walking distance to all the Melrose community has to offer! Schedule a private showing on sun 12-2 or mon 4-6

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

28.6%

Price Range

Total Days on Market

Previous Sales

Property Timeline

✓

Sold

Jun 13, 2025

$280,000

Property sold

Days on Market: 22

🏠

Listed for Sale

May 6, 2025

$270,000

Original listing

Agent: Julie Cronin Office: LAER Realty Partners

Previous Transaction - MLS #72124597

Full transaction history available when tracking began

🏷️

Previously Sold

Apr 28, 2017

$200,000

MLS #72124597

View Listing →

Date	Event	Price	Change	$/sqft	Details
06/13/2025	✓ Sold	$280,000	-	-	Property sold
05/06/2025	🏠 Listed for Sale	$270,000	-	-	Original listing
04/28/2017	🏷️ Previously Sold	$200,000	-	-	MLS #72124597

Tax History

Year	Taxes	Assessment
2025	$2,354	$237,800

Financial Details

Annual Property Tax

$2,354

Tax Year 2025

HOA Fee

$342

Monthly

Assessed Value

$237,800

Facts & Features

1 Car Garage

Home Facts

Type Residential

Style Condominium

Year Built 1970

Living Area 444 sq ft

Full Baths 1

Total Rooms 2

Interior

Heating Electric

Cooling Wall Unit(s)

Flooring Tile, Laminate

Appliances Range, Refrigerator

Fireplace None

Basement N

Laundry Common Area

Features None

Exterior

Construction None

Architecture None

Roof None

Features Balcony

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Garage Spaces 1

Has Garage Yes

Features Attached, Heated Garage, Storage, Deeded, Off Street

Total Spaces 1

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,354

Assessed Value $237,800

HOA & Community

HOA Fee $342 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Amenities Hot Water, Laundry, Elevator(s), Storage

Optional Fee Includes None

MA Disclosures

Seller Disclosures Scheduled Showings Sun 12-2 And Mon 4-6 Offers Due Tues By 3pm

Exclusions All Personal Property.

Additional Details

Possession None

Accepted Financing Contract

Structure Type ["Garden"]

Unit/Building 502

Sq Ft Source Public Record

Sq Ft Disclosures unit is a studio with built in murphy bed that conveys with sale

Documents Master Deed, Rules & Regs, Management Association Bylaws, Floor Plans, Association Financial Statements, Certificate Of Insurance (6)

County Middlesex

Total market time (incl. prior listings) 22 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1970

Full Bathrooms

Living Area

444 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Tile, Laminate

Appliances: Range, Refrigerator

Interior Features:

Windows: Insulated Windows

Basement: N

Laundry: Common Area

Security:

Construction & Materials

Year Built: 1970

Structure Type: Garden

Exterior Materials:

Roof:

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Electric

Cooling: Wall Unit(s)

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Balcony

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Garage Spaces: 1

Garage Type: Attached

Total Parking Spaces: 1

Parking Features: Attached, Heated Garage, Storage, Deeded, Off Street

Nearby Schools

School information not available for this location.

Location

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Neighborhood

340 Main St # 502, Melrose MA 02176

Melrose, MA 02176

Listing Information

Listing Office LAER Realty Partners

Office Phone 781-627-7200

Agent MLS ID B8001051

Office MLS ID AN3158

Listing Data Updated Jun 13, 2025 1:35 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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