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1078 Main St, Melrose MA 02176

Melrose, MA 02176
$550,000
Est. $3,393/month
3
Beds
1.5
Baths
1,208
Sq Ft
$455
Price/Sq Ft
0.06
Acres
1910
Year Built
13
Days on Market
Closed Listed Oct 21, 2025 • MLS# 73445882 Copied!

About this home

Contractor's dream in the heart of Melrose. This three bedroom, one and a half bathroom home is full of potential and ready for your personal touch! Situated on a desirable corner lot, it features a driveway with two parking spots and unbeatable proximity to everything Melrose has to offer... Restaurants, shops, and public transportaion are all close by the house. With updates and creativity, this property could easily become your dream home or next great investment.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1910
Bedrooms
3
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,208 sq ft
Total Rooms
7

Sale Statistics

Sale Overview
Original List Price: $599,000
Final Sale Price: $550,000
Difference: $49,000 (-8.2%)
Performance Metrics
91.8%
List to Sale Ratio
Sold below asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $496
Sale $/sq ft: $455
This property sold for $455 per square foot
Sale Summary

This property sold for 8.2% below the original asking price.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1910
Living Area 1,208 sq ft
Lot Size 0.06 acres
Bedrooms 3
Full Baths 1
Half Baths 1
Total Rooms 7

Interior

Heating Baseboard, Oil
Cooling None
Flooring Vinyl, Hardwood
Appliances Water Heater
Fireplace None
Basement Interior Entry, Unfinished
Laundry Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture Victorian
Roof Shingle
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street, Deeded
Total Spaces 2

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Electric Oven, For Gas Dryer, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,944
Assessed Value $499,400

Interior Features

Flooring: Vinyl, Hardwood
Appliances: Water Heater
Interior Features:
Windows:
Basement: Interior Entry, Unfinished
Laundry: Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Style: Victorian
Year Built: 1910
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive, Off Street, Deeded

Location

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Neighborhood

1078 Main St, Melrose MA 02176

Melrose, MA 02176

Walkability

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Nearby Schools

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
1.3 mi
Grades PK-08
A+
Horace Mann School
0.3 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
Early Childhood Center
0.3 mi
246 students Moderate
Grades PK-K
A
Roosevelt School
0.6 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
A
Winthrop School
1.1 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
Lincoln School
1.4 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-
Herbert Clark Hoover School
1.6 mi | #218 of 824 | Score: 54.0
Dropped 88 spots from last year
-4.2 below state avg
260 students Moderate
Grades K-05
M

Middle Schools

1 school
A-
Melrose Middle School
0.6 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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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 $412
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

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

44.4%
Price Range
14
Total Days on Market

Property Timeline

Current Active Listing - MLS #73510453
Full transaction history available when tracking began
🏡
Currently Listed
Apr 30, 2026
$989,900
MLS #73510453 - Active
Sold
Nov 13, 2025
$550,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Oct 21, 2025
$599,000
Original listing
Agent: Kimberly O'Neil Mara Office: Century 21 North East

Price & Status History

Date Event Price Change
Apr 30, 2026 Sold $989,900
Oct 21, 2025 New Listing Added $599,000

Market Statistics

Days on Market
13 days
Price per Sq Ft
$455

Tax History

Year Taxes Assessment
2025 $4,944 $499,400

Financial Details

Annual Property Tax
$4,944
Tax Year 2025
Assessed Value
$499,400

Listing Information

Listing Agent Kimberly O'Neil Mara
Listing Office Century 21 North East
Agent MLS ID B8000844
Office MLS ID AN8462
Listing Data Updated Nov 17, 2025 4:33 PM 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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