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49 Melrose Street # 4E, Melrose MA 02176

Melrose, MA 02176
$410,000
Est. $2,948/month
1
Beds
1
Baths
804
Sq Ft
$510
Price/Sq Ft
1972
Year Built
17
Days on Market
Closed Listed May 29, 2025 • MLS# 73381906 Copied!

About this home

Fantastic 1 bedroom, 1 bathroom condo at desirable Melrose Towers. This fourth-floor unit boasts an open-concept living/dining room combo with slider to a screened-in balcony. The fully applianced kitchen features freshly painted cabinets and a new range hood. The bedroom is spacious and features large windows and a double closet. Other features include recently installed recessed lighting and new interior doors, hardwood floors, in unit laundry, central A/C, private storage unit (4E), and one outdoor parking space (34E). Melrose Towers is a professionally managed elevator building offering residents an indoor pool, outdoor pool, sauna, clubroom, tennis court and basketball court. Convenient location close to the Commuter Rail, Orange Line, Whole Foods, and all the shops and restaurants that downtown Melrose has to offer.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1972
Bedrooms
1
Full Bathrooms
1
Living Area
804 sq ft
Total Rooms
4
Stories
1
Entry Level
4
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $390,000
Final Sale Price: $410,000
Difference: +$20,000 (+5.1%)
Performance Metrics
105.1%
List to Sale Ratio
Sold above asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $485
Sale $/sq ft: $510
This property sold for $510 per square foot
Sale Summary

This property sold for 5.1% above the original asking price, indicating strong buyer demand.

With only 17 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$510/sq ft
Area Average
$262/sq ft
Difference
+94.4%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1972
Living Area 804 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Electric Baseboard, Unit Control
Cooling Central Air, Unit Control
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement N
Laundry First Floor, In Unit
Features Elevator

Exterior

Construction None
Architecture None
Roof None
Features Balcony, Professional Landscaping, Tennis Court(s)
Pool Association, In Ground, Indoor
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Paved
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,254
Assessed Value $328,700

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features: Elevator
Windows:
Basement: N
Laundry: First Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1972
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric Baseboard, Unit Control
Heating Zones: 2
Cooling: Central Air, Unit Control
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony, Professional Landscaping, Tennis Court(s)
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Paved

Location

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Neighborhood

49 Melrose Street # 4E, Melrose MA 02176

Melrose, MA 02176

Walkability

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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
E

Elementary Schools

7 schools
St. Mary Elementary School
0.9 mi
Grades PK-08
Early Childhood Center
0.1 mi
246 students Moderate
Grades PK-K
A
Roosevelt School
0.4 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
A+
Horace Mann School
0.4 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
A
Winthrop School
0.8 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
Lincoln School
1.0 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-
Herbert Clark Hoover School
1.3 mi | #218 of 824 | Score: 54.0
Dropped 88 spots from last year
-4.2 below state avg
260 students Moderate
Grades K-05
M

Middle Schools

1 school
A-
Melrose Middle School
0.2 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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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $271
Homeowners Insurance $200
HOA Fee $404/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

4.9%
Price Range
18
Total Days on Market

Property Timeline

Sold
Jul 18, 2025
$410,000
Property sold
Days on Market: 18
🏠
Listed for Sale
May 29, 2025
$390,000
Original listing
Agent: Anthony Bruno Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
May 29, 2025 New Listing Added $390,000

Market Statistics

Days on Market
17 days
Price per Sq Ft
$510

Tax History

Year Taxes Assessment
2025 $3,254 $328,700

Financial Details

Annual Property Tax
$3,254
Tax Year 2025
HOA Fee
$404
Monthly
Assessed Value
$328,700

Listing Information

Listing Agent Anthony Bruno
Listing Office Gibson Sotheby's International Realty
Agent MLS ID BB815843
Office MLS ID BB5918
Listing Data Updated Jul 19, 2025 4:39 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Melrose, MA

Real-time market trends and pricing data for this area

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