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Oak Grove-Pine Banks Home for Sale

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    $1,800,000

    • Land
    • 2.40 Acres
    • $750,000 per Acre

    0 S Mountain Avenue & O Cargil, Malden, MA 02148

    Conceptual 9 lot subdivision. Great builder opportunity to build up to 9 homes on from 6,000 sq. ft to 22,000 sq. ft. Make an offer today! Plug in your nav 50 South Mountain Avenue Melrose.

    Nikki Martin Compass

    0 S Mountain Avenue & O Cargil, Malden, MA 02148

Why Live in Oak Grove-Pine Banks

Sandwiched by the Middlesex Fells Reservation and Pine Banks Park, the Oak Grove-Pine Banks neighborhood stretches across the southern half of Melrose, Massachusetts, a suburb north of Boston. “People love this area because you can hop right on the highway, and it’s like 15 minutes to Boston,” says Jill Leeman, a real estate agent with Leeman & Gately/Compass. “And the access to trails in the Fells is a big draw lately. Some people are walking dogs or taking hikes 3 or 4 times a week.” The natural areas may get the headlines, but this neighborhood also has access to highly rated Melrose schools, public transit infrastructure and the numerous shopping and dining options in downtown Melrose. Single-family homes here can cost between $625,000 and $865,000, though some newly remodeled homes here can climb to prices ranging from $1 million to $1.6 million. Colonial Revivals and Cape Cods are the dominant styles, with some Victorian and ranch-style homes sprinkled throughout as well. “You have gorgeous houses,” Leeman says. “People love the architecture.” Small, tidy lawns and mid-size trees characterize the lots, and sidewalks line many streets. Condos and townhomes can cost between

Frequently Asked Questions

Is Oak Grove-Pine Banks a good place to live?
Oak Grove-Pine Banks is a good place to live. Oak Grove-Pine Banks is considered somewhat walkable and somewhat bikeable with good transit options. Oak Grove-Pine Banks has 9 parks for recreational activities. It has a median age of 38. The average household income is $129,103 which is above the national average. College graduates make up 53.9% of residents. A majority of residents in Oak Grove-Pine Banks are renters, with 64.3% of residents renting and 35.7% of residents owning their home. A local real estate agent serving Oak Grove-Pine Banks can help you decide if this neighborhood is the right one for you. Learn more on our Oak Grove-Pine Banks neighborhood guide.
How much do you need to make to afford a house in Oak Grove-Pine Banks?
The median home price in Oak Grove-Pine Banks is $318,500. If you put a 20% down payment of $63,700 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $71K a year to afford the median home price in Oak Grove-Pine Banks. The average household income in Oak Grove-Pine Banks is $129K.
What are the best public schools in Oak Grove-Pine Banks?
The best public schools that serve Oak Grove-Pine Banks are:
What are the best private schools in Oak Grove-Pine Banks?
The best private schools that serve Oak Grove-Pine Banks are:
What are the most popular zip codes in Oak Grove-Pine Banks, Melrose, MA?
The most popular zip codes in Oak Grove-Pine Banks, Melrose, MA include 02176, 02148, 02180, 02155 and 01906.
What are the most popular neighborhoods near Oak Grove-Pine Banks, Melrose, MA?
The most popular neighborhoods near Oak Grove-Pine Banks, Melrose, MA are Wyoming, Downtown Melrose, Oak Grove, Melrose East Side and Forestdale.
Are home prices dropping in Oak Grove-Pine Banks?
Yes, home prices in Oak Grove-Pine Banks are down 28% in the last 12 months.

Home Trends in Oak Grove-Pine Banks, MA

Housing Trends

Median Sale Price
$300,000
Median Single Family Sale Price
$546,690
Median Townhouse Sale Price
$300,000
Median 2 Bedroom Sale Price
$285,000
Average Price Per Sq Ft
$357
Number of Homes for Sale
2
Last 12 months Home Sales
13
Months of Supply
1.80
Median List Price
$318,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-41%
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