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49 Melrose St # 7F, Melrose MA 02176

Melrose, MA 02176 • Fells
$580,000
Est. $4,188/month
2
Beds
2
Baths
1,226
Sq Ft
$473
Price/Sq Ft
1972
Year Built
3
Days on Market
Closed Listed Jun 18, 2025 • MLS# 73393139 Copied!

About this home

Welcome to Melrose Towers, Ideally located just steps to Whole Foods, local shops, restaurants, and the commuter rail for a quick ride into Boston, this 2-bedroom, 2-bath condominium offers a fantastic blend of space and amenities. Take the elevator to the 7th floor and step into a sun-filled open-concept layout featuring a spacious dining area perfect for entertaining and a generous living room with sliders leading to your private balcony—ideal for enjoying warm summer nights. The updated kitchen includes a cozy breakfast nook with sweeping views of Melrose. Down the hall, you’ll find a full bathroom with new quartz countertops and updated flooring, along with a large bedroom and ample closet space. The primary suite offers a private en-suite bath, a walk-in closet, and great natural light. Additional highlights include in-unit laundry, garage parking for one car, an exterior parking spot, and extra storage in the lower level. Indoor, Outdoor pool. Well maintained grounds.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1972
Bedrooms
2
Full Bathrooms
2
Living Area
1,226 sq ft
Total Rooms
5
Stories
1
Entry Level
7
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $559,900
Final Sale Price: $580,000
Difference: +$20,100 (+3.6%)
Performance Metrics
103.6%
List to Sale Ratio
Sold above asking price
3
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $457
Sale $/sq ft: $473
This property sold for $473 per square foot
Sale Summary

This property sold for 3.6% above the original asking price, indicating strong buyer demand.

With only 3 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
$473/sq ft
Area Average
$262/sq ft
Difference
+80.3%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1972
Living Area 1,226 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Electric
Cooling Central Air, Heat Pump
Flooring Tile
Appliances Range, Dishwasher, Refrigerator
Fireplace None
Basement Y
Laundry First Floor, In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features Porch - Screened
Pool None
Spa None
Fencing None
Patio/Porch Screened

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Under, Deeded
Total Spaces 2

Utilities

Electric 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $4,465
Assessed Value $451,000

Interior Features

Flooring: Tile
Appliances: Range, Dishwasher, Refrigerator
Interior Features:
Windows:
Basement: Y
Laundry: First Floor, In Unit
Security:

Construction & Materials

Year Built: 1972
Structure Type: Detached
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric
Heating Zones: 1
Cooling: Central Air, Heat Pump
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Screened
Patio & Porch: Screened
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Under, Deeded

Location

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Neighborhood

Fells

49 Melrose St # 7F, 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 $372
Homeowners Insurance $200
HOA Fee $683/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

3.5%
Price Range
4
Total Days on Market

Property Timeline

Sold
Aug 8, 2025
$580,000
Property sold
Days on Market: 4
🏠
Listed for Sale
Jun 18, 2025
$559,900
Original listing
Agent: Leeman & Gately Office: Compass

Price & Status History

Date Event Price Change
Jun 18, 2025 New Listing Added $559,900

Market Statistics

Days on Market
3 days
Price per Sq Ft
$473

Tax History

Year Taxes Assessment
2025 $4,465 $451,000

Financial Details

Annual Property Tax
$4,465
Tax Year 2025
HOA Fee
$683
Monthly
Assessed Value
$451,000

Listing Information

Listing Agent Leeman & Gately
Listing Office Compass
Agent MLS ID TM336476
Office MLS ID AN2383
Listing Data Updated Aug 12, 2025 10:55 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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Market Analytics for Melrose, MA

Real-time market trends and pricing data for this area

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