1 Mill Rd, Melrose MA 02176

Melrose, MA 02176

$299,900

Est. $2,319/month

3.51

Acres

Residential

Type

257

Days on Market

Active Price Drop -$100,000 Listed Jun 10, 2025 • MLS# 73388174 Copied!

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About this home

Full survey and wetland delineation available! Live your dream and imagine the potential! 1 Mill Rd is a 3 1/2 acre parcel that is looking for its next owner to give it new life. Located in a private area that feels more like New Hampshire than Melrose this property could be the cornerstone of a single grand estate or do your own due diligence on alternate uses.

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Property Overview

Property Type

Residential

Listing Type

Land

Facts & Features

Home Facts

Type Land

Style Residential

Lot Size 3.51 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric Nearby

Water Other

Sewer Other

Gas Other (see Remarks)

Other None

Financial

Annual Tax $7,227

Assessed Value $730,000

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source: Other

Sewer: Other

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features: Wooded

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

1 Mill Rd, 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

1.3 mi

Grades PK-08

A-

Herbert Clark Hoover School

0.4 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

Winthrop School

0.6 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+

Horace Mann School

1.4 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

Early Childhood Center

1.4 mi

246 students Moderate

Grades PK-K

A

Lincoln School

1.5 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

Roosevelt School

1.8 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

M

Middle Schools

1 school

A-

Melrose Middle School

1.5 mi | #92 of 352 | Score: 50.4

Improved 6 spots from last year

-7.8 below state avg

886 students Moderate

Grades 06-08

Learn about these ratings

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Down Payment

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Down: $0

Interest Rate

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $602

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

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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

2

Price Changes

14.3%

Price Range

Property Timeline

↓

Price Reduced

Feb 11, 2026

$299,900 $49,999 (-14.29%)

From $349,899 to $299,900 (-14.3%)

↓

Price Reduced

Dec 18, 2025

$349,899 $1

From $349,900 to $349,899 (0.0%)

🏠

Listed for Sale

Jun 10, 2025

$349,900

Original listing

Agent: Kristin Weekley Office: Leading Edge Real Estate

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
02/11/2026	↓ Price Reduced	$299,900	$49,999	-	From $349,899 to $299,900 (-14.3%)
12/18/2025	↓ Price Reduced	$349,899	$1	-	From $349,900 to $349,899 (0.0%)
06/10/2025	🏠 Listed for Sale	$349,900	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Feb 11, 2026	Price Changed	$299,900	-$49,999
Dec 18, 2025	Price Changed	$349,899	-$1
Jun 10, 2025	New Listing Added	$349,900	—

Market Statistics

Days on Market

257 days

Price per Sq Ft

$—

Total Price Drop

-$100,000

Tax History

Year	Taxes	Assessment
2025	$7,227	$730,000

Financial Details

Annual Property Tax

$7,227

Tax Year 2025

Assessed Value

$730,000

Listing Information

Listing Agent Kristin Weekley

Listing Office Leading Edge Real Estate

Agent MLS ID CN215646

Office MLS ID AN4646

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