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340 Main Street # 508, Melrose MA 02176

Melrose, MA 02176
$325,000
Est. $2,436/month
1
Beds
1
Baths
489
Sq Ft
$665
Price/Sq Ft
1970
Year Built
1
Days on Market
Active Listed Feb 2, 2026 • MLS# 73473522 Copied!

About this home

Welcome to Melrose! This end unit on the 5Th floor offers the perfect blend of convenience, functionality, ideal for first-time buyers, down-sizers, or investors looking to break into this highly sought-after market. The unit is being sold "As Is" Just add your finishing touches .5th floor residents enjoy exclusive access to a common balcony with sweeping views, perfect for relaxing or entertaining.The building offers multiple washers and dryers, extra storage located in the building, and professional management in a pet-friendly community. Commuting is effortless with the Wyoming Hill Commuter Rail just around the corner, a bus stop to Oak Grove (Orange Line) right outside the building, and quick access to Route 93 only minutes away. Step outside and enjoy everything vibrant downtown Melrose has to offer,restaurants, cafés, gyms, boutiques, and Supermarket all within walking distance.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
1
Full Bathrooms
1
Living Area
489 sq ft
Total Rooms
3
Stories
1
Entry Level
5

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 489 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric Baseboard
Cooling Wall Unit(s)
Flooring Laminate, Parquet
Appliances Range, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Brick
Architecture None
Roof None

Parking

Features Exclusive Parking
Total Spaces 1

Utilities

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

Financial

Annual Tax $2,584
Assessed Value $261,000

Interior Features

Flooring: Laminate, Parquet
Appliances: Range, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: In Building
Security:

Construction & Materials

Year Built: 1970
Structure Type: Garden
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric Baseboard
Cooling: Wall Unit(s)
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer

Parking & Garage

Total Parking Spaces: 1
Parking Features: Exclusive Parking

Location

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Neighborhood

340 Main Street # 508, 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
< 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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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 $215
Homeowners Insurance $200
HOA Fee $377/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
$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

Property Timeline

📍
Current Status: Active
Feb 3, 2026
$325,000
🏠
Listed for Sale
Feb 2, 2026
$325,000

Price & Status History

Date Event Price Change
Feb 2, 2026 New Listing Added $325,000

Market Statistics

Days on Market
1 days
Price per Sq Ft
$665

Tax History

Year Taxes Assessment
2025 $2,584 $261,000

Financial Details

Annual Property Tax
$2,584
Tax Year 2025
HOA Fee
$377
Per month
Assessed Value
$261,000

Listing Information

Listing Agent Richard Palladino
Listing Office Century 21 North East
Agent MLS ID BB910096
Office MLS ID AN4346
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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Market Analytics for Melrose, MA

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Steven Novak

Steven Novak

BMN Boston Real Estate

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