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340 Main St # 703, Melrose MA 02176

Melrose, MA 02176
$305,000
1
Beds
1
Baths
738
Sq Ft
$413
Price/Sq Ft
1970
Year Built
1
Parking
7
Days on Market
Closed Listed Nov 12, 2024 • MLS# 73311933 Copied! • Updated Dec 31, 2024

Sale Statistics

Sale Overview
Original List Price: $299,900
Final Sale Price: $305,000
Difference: +$5,100 (+1.7%)
Performance Metrics
101.7%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $406
Sale $/sq ft: $413
This property sold for $413 per square foot
Sale Summary

This property sold for 1.7% above the original asking price, indicating strong buyer demand.

With only 7 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$413/sq ft
Area Average
$340/sq ft
Difference
+21.5%

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

About this home

Penthouse condo located in the heart of Melrose Square! This sweet 1 bdrm home offers nice scale & great natural light. Love the views day & night of bustling downtown & the vast skyline through the wall of windows in both the living area & bedroom!! Convenient for commuting to Boston or points north as the commuter rail (purple line) is 2 blocks away & the Orange Line bus is right out front & Rt 93 is nearby too. Each floor has a common balcony, perfect for relaxing w/a good book or morning coffee! Walk to all Melrose has to offer...diverse restaurants, Shaws, coffee shops, gyms, boutiques & a brewery! Lots of outdoor recreation opportunity too as the Fells Reservation, hiking trails, Pine Banks & a dog park are all close! This unit also offers a new heat pump/ac (18 months)! The views, the bonus room/ in-home office & great closets make this condo stand out! You will love the easy commute & the seamless access to so many amenities right out your front door...leave the car at home!

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Recently Sold Nearby

Property History

Market Insights

99.1%
Price Range
8
Total Days on Market

Property Timeline

Current Active Listing - MLS #73543350
Full transaction history available when tracking began
🏡
Currently Listed
Jun 30, 2026
$2,650
MLS #73543350 - Active
Sold
Dec 30, 2024
$305,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Nov 12, 2024
$299,900
Original listing
Agent: Leeman & Gately Office: Compass

Tax History

Year Taxes Assessment
2024 $2,771 $279,100

Financial Details

Annual Property Tax
$2,771
Tax Year 2024
HOA Fee
$524
Monthly
Assessed Value
$279,100

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 738 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric Baseboard, Heat Pump
Cooling Heat Pump
Flooring Tile, Carpet, Laminate, Flooring - Wall To Wall Carpet, Flooring - Stone/ceramic Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features Closet, Home Office, Entry Hall, Elevator

Exterior

Construction None
Architecture None
Roof Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street, Deeded
Total Spaces 1
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
Annual Tax $2,771
Assessed Value $279,100

HOA & Community

HOA Fee $524 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash
Amenities Hot Water, Laundry, Elevator(s), Storage
Optional Fee Includes None
Owner-Occupied Units 41
Seller Disclosures Rooms Are Virtually Staged. Laundry Rm Is On The 4th Floor. Storage Space (703) In Lower Level. Parking Spot 32 Located Behind The Building Across Corey St.
Possession None
Accepted Financing Contract
Structure Type ["High-Rise"]
Unit/Building 703
Sq Ft Source Measured
Sq Ft Disclosures Measurements are approximate and differ from public record, buyers should confirm.
Documents None
County Middlesex
Total market time (incl. prior listings) 8 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
738 sq ft
Total Rooms
3
Stories
7
Entry Level
7

Room Details

First Floor

Kitchen
10 x 8
Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Open Floorplan, Recessed Lighting
Bathroom1
9 x 5
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Cabinets - Upgraded
Dining Room
11 x 5
Flooring - Laminate, Open Floorplan, Lighting - Sconce
Living Room
19 x 12
Flooring - Laminate, Cable Hookup, Open Floorplan
Master Bedroom
12 x 10
Flooring - Wall to Wall Carpet, Closet - Double
Office
8 x 6
Flooring - Wall to Wall Carpet

Other Floor

Bathroom2
Bedroom2
Bedroom5
Bedroom4
Bedroom3
Family Room
Bathroom3
Master Bathroom
No

Interior Features

Flooring: Tile, Carpet, Laminate, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features: Closet, Home Office, Entry Hall, Elevator
Windows: Insulated Windows
Basement: N
Laundry: Common Area, In Building
Security:

Construction & Materials

Year Built: 1970
Structure Type: High-Rise
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 7

Heating, Cooling & Utilities

Heating: Electric Baseboard, Heat Pump
Heating Zones: 2
Cooling: Heat Pump
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded
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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Location

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Neighborhood

340 Main St # 703, Melrose MA 02176

Melrose, MA 02176

Listing Information

Listing Agent Leeman & Gately
Listing Office Compass
Office Phone 617-206-3333
Agent MLS ID TM336476
Office MLS ID AN2383
Listing Data Updated Dec 31, 2024 8:02 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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