515 Upham Street, Melrose MA 02176

Melrose, MA 02176
$1,250,000
Est. $7,297/month
7
Beds
4
Baths
4,399
Sq Ft
$284
Price/Sq Ft
0.27
Acres
1963
Year Built
79
Days on Market
Active Price Drop -$347,500 Listed Sep 18, 2025 • MLS# 73432608 Copied!

About this home

HUGE BANG FOR YOUR BUCK AND THE Best Priced Home in Melrose! Opportunity is knocking before the holidays! This Expansive 7BR 3 Full 2.5 Half Bath home features new siding, gutters, and a 50-year warranty roof, plus 48 solar panels for high energy efficiency. Enjoy year-round comfort with a 5-head mini split heat pump system and radiant heated basement floors. The outdoor oasis is a dream with professional landscaped backyard, 25x35ft patio pavers, vinyl fencing, two 10x10 sheds, a 16x32 above-ground pool, and a hot tub. Inside, you’ll find 17 replaced vinyl windows, a new 3-season porch with 2nd hot tub, and a fully gutted first-floor half bath. The basement is dry, equipped with a full perimeter drain and automatic sump pumps, and radiant heat. A new on-demand gas boiler and 200-amp service complete the package. All of this, plus potential for a legal ADU Living space in the LL perfect for current extended family living or for the potential of future investment rental income!

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1963
Bedrooms
7
Full Bathrooms
3
Half Bathrooms
2
Living Area
4,399 sq ft
Total Rooms
13

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1963
Living Area 4,399 sq ft
Lot Size 0.27 acres
Bedrooms 7
Full Baths 3
Half Baths 2
Total Rooms 13

Interior

Heating Baseboard, Natural Gas
Cooling Heat Pump
Flooring Tile, Carpet, Hardwood, Wood Laminate, Laminate, Flooring - Stone/ceramic Tile
Appliances Gas Water Heater, Tankless Water Heater
Fireplace Family Room, Living Room
Fireplaces 2
Basement Full, Finished, Walk-out Access, Interior Entry
Laundry Dryer Hookup - Electric, Washer Hookup, Electric Dryer Hookup, In Basement
Features Bathroom - Half, Cable Hookup, Open Floorplan, Closet, Cathedral Ceiling(s), Slider, Office, Kitchen, Bedroom

Exterior

Construction Conventional (2x4-2x6)
Architecture Colonial
Roof Shingle
Features Deck - Composite, Patio, Pool - Above Ground, Rain Gutters, Storage, Professional Landscaping, Fenced Yard
Pool Above Ground
Spa None
Fencing Fenced
Patio/Porch Deck - Exterior, Deck - Composite, Patio

Parking

Features Paved Drive, Paved
Total Spaces 4

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $9,313
Assessed Value $940,700

Interior Features

Flooring: Tile, Carpet, Hardwood, Wood Laminate, Laminate, Flooring - Stone/Ceramic Tile
Appliances: Gas Water Heater, Tankless Water Heater
Interior Features: Bathroom - Half, Cable Hookup, Open Floorplan, Closet, Cathedral Ceiling(s), Slider, Office, Kitchen, Bedroom
Windows: Insulated Windows
Basement: Full, Finished, Walk-Out Access, Interior Entry
Laundry: Dryer Hookup - Electric, Washer Hookup, Electric Dryer Hookup, In Basement
Security:

Construction & Materials

Style: Colonial
Year Built: 1963
Structure Type:
Exterior Materials: Conventional (2x4-2x6)
Roof: Shingle
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 4
Cooling: Heat Pump
Cooling Zones: 3
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck - Composite, Patio, Pool - Above Ground, Rain Gutters, Storage, Professional Landscaping, Fenced Yard
Patio & Porch: Deck - Exterior, Deck - Composite, Patio
Fencing: Fenced
Other Structures:
Lot Features: Sloped
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Paved

Special Features

Fireplaces: 2
Fireplace Type: Family Room, Living Room
Pool: Private Pool
Pool Features: Above Ground
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station

Location

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Neighborhood

515 Upham Street, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

School information not available

Monthly Payment Calculator

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

Principal & Interest $0
Property Tax $776
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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Current Rate
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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

1
Price Changes
10.4%
Price Range

Property Timeline

Price Reduced
Dec 1, 2025
$1,250,000 $145,000 (-10.39%)
From $1,395,000 to $1,250,000 (-10.4%)
🏠
Listed for Sale
Sep 18, 2025
$1,395,000
Original listing
Agent: Paul J. Cervone Office: Lamacchia Realty, Inc.

Price & Status History

Date Event Price Change
Dec 1, 2025 Price Changed $1,250,000 -$145,000
Sep 18, 2025 New Listing Added $1,395,000

Market Statistics

Days on Market
79 days
Price per Sq Ft
$284
Total Price Drop
-$347,500

Tax History

Year Taxes Assessment
2025 $9,313 $940,700

Financial Details

Annual Property Tax
$9,313
Tax Year 2025
Assessed Value
$940,700

Listing Information

Listing Agent Paul J. Cervone
Listing Office Lamacchia Realty, Inc.
Agent MLS ID CT004123
Office MLS ID AN2885
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

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