Dimensions14 x 9
FeaturesFireplace, Flooring - Hardwood
LevelThird
721 Franklin Street, Melrose MA 02176
Melrose, MA 02176 • Melrose Highlands
$1,199,000
Est. $7,281/month
About this home
We are delighted to offer a unique opportunity in the Melrose Highlands. One of Melrose's finest grand turn of the century homes is now available for the home owner to lovingly restore or the house flipper to flip or a developer to search possibilities. It needs extensive work outside but it is in reasonably good condition inside with most of the original fine features still intact. We have a 4000 square foot single family 8 bedroom home plus a 20 x 20 carriage house with a cement floor that can be used as a two car garage that has a second floor with separate entrance that has possibilities to be an ADU. This home was built as a single but functioned as a two family at one time but now is back to a single.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jun 15, 2026
$1,199,000
Original listing
Agent: Paul C. Coogan
Office: Brad Hutchinson Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/15/2026 | 🏠 Listed for Sale | $1,199,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $12,219 | $1,065,300 |
Financial Details
Annual Property Tax
$12,219
Tax Year 2026
Assessed Value
$1,065,300
Facts & Features
2 Car Garage
Home Facts
Type
Residential
Style
Single Family Residence
Year Built
1920
Living Area
4,006 sq ft
Lot Size
0.51 acres
Bedrooms
8
Full Baths
3
Half Baths
1
Total Rooms
15
Interior
Heating
Hot Water, Natural Gas
Cooling
Window Unit(s)
Flooring
Wood, Flooring - Hardwood, Flooring - Wood, Flooring - Vinyl
Appliances
Gas Water Heater
Fireplace
Dining Room, Family Room, Living Room, Bedroom
Fireplaces
5
Basement
Full, Bulkhead
Laundry
In Basement, Washer Hookup
Features
Closet, Bathroom - Full, Window Seat, Bedroom, Bonus Room, Kitchen, Great Room
Exterior
Construction
Frame
Architecture
Colonial
Roof
Shingle
Features
Balcony / Deck, Porch, Balcony, Barn/stable
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Garage Spaces
2
Has Garage
Yes
Features
Detached, Storage, Workshop In Garage, Garage Faces Side, Carriage Shed, Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
Circuit Breakers, 100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, Washer Hookup
Financial
Annual Tax
$12,219
Assessed Value
$1,065,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Sale Is Subject To A License To Sell.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1920
Bedrooms
8
Full Bathrooms
3
Half Bathrooms
1
Living Area
4,006 sq ft
Total Rooms
15
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,006 sq ft above grade
Dimensions12 x 12
FeaturesCloset, Flooring - Hardwood
LevelSecond
Dimensions13 x 12
FeaturesCloset, Flooring - Hardwood
LevelSecond
Dimensions8 x 8
FeaturesBathroom - Full, Bathroom - With Tub
LevelSecond
Dimensions16 x 12
FeaturesCloset, Flooring - Hardwood
LevelSecond
Dimensions8 x 8
FeaturesBathroom - Full, Bathroom - Tiled With Tub & Shower
LevelSecond
Dimensions17 x 14
FeaturesCloset, Flooring - Hardwood
LevelSecond
Dimensions5 x 12
FeaturesBathroom - Half
LevelFirst
Dimensions16 x 12
FeaturesCloset/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Crown Molding, Pocket Door
LevelFirst
Dimensions25 x 12
FeaturesFlooring - Hardwood, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded
LevelFirst
Dimensions13 x 16
FeaturesFlooring - Hardwood, Crown Molding, Pocket Door
LevelFirst
Dimensions14 x 16
FeaturesCloset/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Crown Molding, Window Seat
LevelFirst
FeaturesNo
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Flooring - Hardwood, Flooring - Wood, Flooring - Vinyl
Appliances:
Gas Water Heater
Interior Features:
Closet, Bathroom - Full, Window Seat, Bedroom, Bonus Room, Kitchen, Great Room
Windows:
Storm Window(s)
Basement:
Full, Bulkhead
Laundry:
In Basement, Washer Hookup
Security:
Construction & Materials
Style:
Colonial
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Heating, Cooling & Utilities
Heating:
Hot Water, Natural Gas
Heating Zones:
2
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony / Deck, Porch, Balcony, Barn/Stable
Patio & Porch:
Porch
Fencing:
Other Structures:
Barn/Stable
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
6
Parking Features:
Detached, Storage, Workshop in Garage, Garage Faces Side, Carriage Shed, Paved Drive, Off Street
Special Features
Fireplaces:
5
Fireplace Type:
Dining Room, Family Room, Living Room, Bedroom
Community Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, House of Worship, Private School, Public School, T-Station
Nearby Schools
School information not available for this location.
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
$1,018
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
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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.
Location
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Neighborhood
Melrose Highlands
721 Franklin Street, Melrose MA 02176
Melrose, MA 02176
Listing Information
Listing Agent
Paul C. Coogan
Listing Office
Brad Hutchinson Real Estate
Office Phone
781-665-2222
Agent MLS ID
B0429315
Office MLS ID
B11101
Listing Data Updated
Aug 5, 2026 5:00 PM 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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