7 Penny Hill Rd, Melrose MA 02176

Melrose, MA 02176

$650,000

Est. $4,015/month

Beds

Baths

1,352

Sq Ft

$481

Price/Sq Ft

0.20

Acres

1950

Year Built

Single Family Residence

Type

108

Days on Market

Active Price Drop -$29,000 Listed Aug 20, 2025 • MLS# 73419926 Copied!

About this home

BUYER FINNACING FELL THROUGH: Charming Cape located on a quiet street in Melrose, next to Mount Hood Golf Course. This home offers 3 bedrooms and 1 bath with 1,352 sq. ft. of living space. Enjoy 2 large bedrooms upstairs and 1 bedroom on the first floor, all with abundant natural light. Features include hardwood floors, newer windows, forced hot air heating, and a full basement for storage or expansion. The kitchen is equipped with range, dishwasher, disposal, refrigerator, washer, and dryer. Exterior highlights include vinyl siding, asphalt shingle roof, 3 off-street parking spaces, and a garage for parking, storage, or hobbies. Easy access to highways and Boston makes this home the perfect blend of comfort and convenience.

Property Overview

Property Type

Single Family Residence

Listing Type

For Sale

Year Built

1950

Bedrooms

Full Bathrooms

Living Area

1,352 sq ft

Total Rooms

Facts & Features

1 Car Garage

Home Facts

Type Residential

Style Single Family Residence

Year Built 1950

Living Area 1,352 sq ft

Lot Size 0.20 acres

Bedrooms 3

Full Baths 1

Total Rooms 6

Interior

Heating Forced Air

Cooling Window Unit(s)

Flooring Wood

Appliances Water Heater, Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer

Fireplace None

Basement Full

Laundry None

Features None

Exterior

Construction Frame

Architecture Cape

Roof Shingle

Features Covered Patio/deck

Pool None

Spa None

Fencing None

Patio/Porch Covered

Parking

Garage Spaces 1

Has Garage Yes

Features Detached, Storage, Off Street

Total Spaces 4

Utilities

Electric 100 Amp Service

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range

Financial

Annual Tax $6,334

Assessed Value $639,800

Interior Features

Flooring: Wood

Appliances: Water Heater, Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer

Interior Features:

Windows:

Basement: Full

Laundry:

Security:

Construction & Materials

Style: Cape

Year Built: 1950

Structure Type:

Exterior Materials: Frame

Roof: Shingle

Foundation: Block

Heating, Cooling & Utilities

Heating: Forced Air

Heating Zones: 1

Cooling: Window Unit(s)

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Covered Patio/Deck

Patio & Porch: Covered

Fencing:

Other Structures:

Lot Features: Corner Lot

Road Surface:

Parking & Garage

Garage Spaces: 1

Total Parking Spaces: 4

Parking Features: Detached, Storage, Off Street

Location

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Neighborhood

7 Penny Hill Rd, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

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Down Payment

Down: $0

Interest Rate

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Monthly Payment Breakdown

Principal & Interest $0

Property Tax $528

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

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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

Property Timeline

🏠

Listed for Sale

Aug 20, 2025

$650,000

Original listing

Agent: Romeo Zeqo Office: Best Boston Realty, LLC

🏠

Listed for Sale

Aug 20, 2025

$650,000

Original listing

Date	Event	Price	Change	$/sqft	Details
08/20/2025	🏠 Listed for Sale	$650,000	-	-	Original listing
08/20/2025	🏠 Listed for Sale	$650,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Aug 20, 2025	New Listing Added	$650,000	—
Aug 20, 2025	New Listing Added	$650,000	—

Market Statistics

Days on Market

108 days

Price per Sq Ft

$481

Total Price Drop

-$29,000

Tax History

Year	Taxes	Assessment
2025	$6,334	$639,800

Financial Details

Annual Property Tax

$6,334

Tax Year 2025

Assessed Value

$639,800

Listing Information

Listing Agent Romeo Zeqo

Listing Office Best Boston Realty, LLC

Agent MLS ID CN223784

Office MLS ID AN4743

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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Listed for Sale

Listed for Sale

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7 Penny Hill Rd, Melrose MA 02176

About this home

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Schools

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Monthly Payment Breakdown

Loan Summary

Rate Impact

Payment Over Time

Property History

Market Insights

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Listed for Sale

Listed for Sale

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