340 Main Street # 705, Melrose MA 02176

Melrose, MA 02176 • Wyoming
$220,000
Est. $1,692/month
1
Baths
302
Sq Ft
$728
Price/Sq Ft
1970
Year Built
51
Days on Market
Closed Listed Mar 31, 2025 • MLS# 73352088 Copied!

About this home

Penthouse studio condo in downtown Melrose with a lot of natural light, floors and appliances in great condition, ample kitchen cabinet space, and a well-sized bathroom. A common balcony with great views only for the 7th floor residents is included as well as in-building laundry on the 4th floor, additional storage in the basement, and one deeded off-street parking spot. Association is pet friendly! Commuting is effortless; Wyoming Hill commuter rail (purple line) is just around the corner, the bus to Oak Grove T (orange line) stops in front of the building, and Route 93 is only a 7-minute drive. Enjoy the vibrant Melrose lifestyle, with restaurants, coffee shops, gyms, stores, and a Shaw's supermarket all within immediate proximity. Outdoor enthusiasts will love the proximity to Fells reservation, Pine Banks park, hiking trails, and a nearby dog park. With a prime location, modern comforts, and an unbeatable convenience, this condo is perfect for both owner-occupiers and investors!

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: $199,000
Final Sale Price: $220,000
Difference: +$21,000 (+10.6%)
Performance Metrics
110.6%
List to Sale Ratio
Sold above asking price
51
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $659
Sale $/sq ft: $728
This property sold for $728 per square foot
Sale Summary

This property sold for 10.6% above the original asking price, indicating strong buyer demand.

The property spent 51 days on market before selling.

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, Unit Control
Cooling None
Flooring Vinyl
Appliances Range, Dishwasher, Refrigerator
Fireplace None
Basement Y
Laundry Common Area, In Building
Features Internet Available - Unknown, Elevator

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Deeded, Paved
Total Spaces 1

Utilities

Electric 100 Amp Service
Water Individual Meter
Sewer Public Sewer
Gas None
Other None

Financial

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

Interior Features

Flooring: Vinyl
Appliances: Range, Dishwasher, Refrigerator
Interior Features: Internet Available - Unknown, Elevator
Windows:
Basement: Y
Laundry: Common Area, In Building
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Forced Air, Electric, Unit Control
Cooling: None
Hot Water:
Water Source: Individual Meter
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: Off Street, Deeded, Paved

Location

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Neighborhood

Wyoming

340 Main Street # 705, Melrose MA 02176

Melrose, MA 02176

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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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
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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

9.5%
Price Range
20
Total Days on Market

Property Timeline

Sold
May 22, 2025
$220,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Mar 31, 2025
$199,000
Original listing
Agent: Dionysios Kaskarelis Office: Barrett Sotheby's International Realty

Price & Status History

Date Event Price Change
Mar 31, 2025 New Listing Added $199,000

Market Statistics

Days on Market
51 days
Price per Sq Ft
$728

Tax History

Year Taxes Assessment
2025 $1,766 $178,400

Financial Details

Annual Property Tax
$1,766
Tax Year 2025
HOA Fee
$232
Monthly
Assessed Value
$178,400

Listing Information

Listing Agent Dionysios Kaskarelis
Listing Office Barrett Sotheby's International Realty
Agent MLS ID CN256126
Office MLS ID AN6380
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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340 Main Street # 705, Melrose MA 02176 - Photo 1 340 Main Street # 705, Melrose MA 02176 - Photo 2 340 Main Street # 705, Melrose MA 02176 - Photo 3 340 Main Street # 705, Melrose MA 02176 - Photo 4 340 Main Street # 705, Melrose MA 02176 - Photo 5 340 Main Street # 705, Melrose MA 02176 - Photo 6 340 Main Street # 705, Melrose MA 02176 - Photo 7 340 Main Street # 705, Melrose MA 02176 - Photo 8 340 Main Street # 705, Melrose MA 02176 - Photo 9 340 Main Street # 705, Melrose MA 02176 - Photo 10 340 Main Street # 705, Melrose MA 02176 - Photo 11

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