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340 Main Street # 705, Melrose MA 02176

Melrose, MA 02176
$235,000
Est. $1,768/month
1
Baths
302
Sq Ft
$778
Price/Sq Ft
1970
Year Built
6
Days on Market
Closed Listed Nov 24, 2025 • MLS# 73457552 Copied!

About this home

Welcome to Melrose! This penthouse-level studio offers the perfect blend of convenience, functionality, ideal for first-time buyers, downsizers, or investors looking to break into this highly sought-after market. Flooded with natural light, the unit features updated flooring, well-maintained appliances, ample kitchen cabinetry, and a spacious, well-designed bathroom. Residents of the 7th floor enjoy exclusive access to a common balcony with sweeping views, perfect for relaxing or entertaining.The building offers multiple washers and dryers, extra storage located in the building, and professional management in a pet-friendly community. Commuting is effortless with the Wyoming Hill Commuter Rail just around the corner, a bus stop to Oak Grove (Orange Line) right outside the building, and quick access to Route 93 only minutes away. Step outside and enjoy everything vibrant downtown Melrose has to offer,restaurants, cafés, gyms, boutiques, and Supermarket all within walking distance.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Full Bathrooms
1
Living Area
302 sq ft
Total Rooms
1
Stories
1
Entry Level
7

Sale Statistics

Sale Overview
Original List Price: $229,000
Final Sale Price: $235,000
Difference: +$6,000 (+2.6%)
Performance Metrics
102.6%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $758
Sale $/sq ft: $778
This property sold for $778 per square foot
Sale Summary

This property sold for 2.6% above the original asking price, indicating strong buyer demand.

With only 6 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$778/sq ft
Area Average
$276/sq ft
Difference
+182.3%

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

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
Cooling Wall Unit(s)
Flooring None
Appliances None
Fireplace None
Basement N
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
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $1,766
Assessed Value $178,400

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 1970
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Electric
Cooling: Wall Unit(s)
Hot Water:
Water Source: Public
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:

Location

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Neighborhood

340 Main Street # 705, 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
< 0.1 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
M

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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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 $147
Homeowners Insurance $200
HOA Fee $232/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

3.9%
Price Range
1
Previous Sales

Property Timeline

Sold
Dec 23, 2025
Property sold
🏠
Listed for Sale
Nov 24, 2025
$229,000
Original listing
Agent: Dot Collection Office: Access
🏠
Listed for Sale
Nov 24, 2025
$229,000
Original listing
Agent: Dot Collection Office: Access
Previous Transaction - MLS #73352088
Full transaction history available when tracking began
🏷️
Previously Sold
May 22, 2025
$220,000
MLS #73352088

Price & Status History

Date Event Price Change
Nov 24, 2025 New Listing Added $229,000
Nov 24, 2025 New Listing Added $229,000
May 22, 2025 Sold $220,000

Market Statistics

Days on Market
6 days
Price per Sq Ft
$778

Tax History

Year Taxes Assessment
1766 $1,766 $178,400

Financial Details

Annual Property Tax
$1,766
Tax Year 1766
HOA Fee
$232
Per month
Assessed Value
$178,400

Listing Information

Listing Agent Dot Collection
Listing Office Access
Agent MLS ID TM325586
Office MLS ID AN4691
Listing Data Updated Dec 24, 2025 9:16 AM EST
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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