$270,000
SOLD DEC 30, 2024

340 Main St Unit 503 Melrose, MA 02176

Wyoming Neighborhood
-- Bed
1 Bath
420 Sq Ft
1970 Built

Recently Sold

$643 Per Sq Ft

2% Below List Price

30 Days on Market

Highlights

  • Medical Services
  • 4-minute walk to Wyoming Hill
  • Elevator
  • Lincoln Elementary School Rated A-
  • Property is near public transit
  • Balcony

About This Home

As of December 2024

Welcome to 340 Main Street! This charming, studio condo is perfectly located near downtown Melrose and is close to public transportation with easy access to Boston. This unit showcases updated flooring, a ton of natural light and recently painted and refurbished kitchen cabinets and a well-sized bathroom. The unit also comes with a deeded garage space and a shared balcony right next your front door. Whether you are an owner occupied buyer or an investor, do not miss the opportunity to buy into one of the best markets in all of Greater Boston!

Last Agent to Sell the Property

Ray Suppa

Coldwell Banker Realty - Cambridge Listed on: 11/07/2024

Coldwell Banker Realty - Cambridge

Last Buyer's Agent

Elisavet Georgiadou

HFM Realty Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,265

Year Built

  • Built in 1970

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Deeded Parking

Interior Spaces

  • 1 Full Bathroom
  • 420 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Electric Baseboard Heater

Additional Features

  • Balcony
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number M:0C6 P:005841,653941

Community Details

Overview

  • Other Mandatory Fees include Hot Water, Water, Sewer, Master Insurance, Laundry Facilities, Elevator, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal
  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash
  • 71 Units
  • Mid-Rise Condominium

Amenities

  • Medical Services
  • Shops
  • Laundry Facilities
  • Elevator

Recreation

  • Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,265

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1970
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 5
  • Sub Agent Compensation: 0
  • Sub Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate
  • Fireplace YN: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: N
  • Living Area: 420
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 654.76
  • PRICE PER Sq Ft: 642.86
  • MAIN SO: AN4428

Exterior Features

  • Exterior Features: Balcony
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Garage Door Opener, Deeded

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Electric Baseboard
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry, Elevator(s)
  • Association Fee: 322.55
  • Community Features: Public Transportation, Shopping, Park, Medical Facility
  • Senior Community YN: No
  • OPT FEE INCLUDES: Hot Water, Water, Sewer, Master Insurance, Laundry Facilities, Elevator, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal
  • UNIT BUILDING: 503

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Parcel Number: M:0C6 P:005841,653941
  • Zoning: BA1
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 396
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2265
  • Tax Book Number: 68517

Multi Family

  • Number Of Units Total: 71
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2024
Closed on
Dec 30, 2024
Sold by
Levin Cathy A Est and Davis
Bought by
Scaltsas Alexandra
Seller's Agent
Ray Suppa
Coldwell Banker Realty - Cambridge
Buyer's Agent
Elisavet Georgiadou
HFM Realty Inc
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%
Views
27
Current Estimated Value
$280,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,291
Avg. Annual Appreciation
3.11%
Original Mortgage
$222,750
Outstanding Balance
$222,175
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$53,418

Purchase Details

Listed on
Sep 14, 2016
Closed on
Dec 2, 2016
Sold by
Bourke Thomas V
Bought by
Levin Cathy A
Seller's Agent
James Black
Real Broker MA, LLC
Buyer's Agent
Sean Page
Signature Page Real Estate, LLC
List Price
$195,900
Sold Price
$175,500
Premium/Discount to List
-$20,400
-10.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%

Purchase Details

Closed on
Jun 30, 2005
Sold by
Mahar George S
Bought by
Bourke Thomas V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,120
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2001
Sold by
Poor Richard J and Poor Karen Anne
Bought by
Mahar George S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Fiduciary Deed $270,000 None Available
Fiduciary Deed $270,000 None Available
Fiduciary Deed $270,000 None Available
Not Resolvable $175,500 --
Deed $138,900 --
Deed $138,900 --
Deed $77,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $222,750 Purchase Money Mortgage
Closed $222,750 Purchase Money Mortgage
Closed $30,000 Second Mortgage Made To Cover Down Payment
Previous Owner $132,900 Stand Alone Refi Refinance Of Original Loan
Previous Owner $138,500 No Value Available
Previous Owner $111,120 Purchase Money Mortgage
Previous Owner $27,780 No Value Available
Previous Owner $54,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $270,000 -1.8% $643 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $275,000 +56.7% $655 / Sq Ft
12/02/2016 12/02/16 Sold $175,500 -10.4% $418 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $195,900 -- $466 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24 $247,200 $0 $247,200
2024 $2,265 $228,100 $0 $228,100
2023 $2,318 $222,500 $0 $222,500
2022 $2,215 $209,600 $0 $209,600
2021 $2,191 $200,100 $0 $200,100
2020 $2,328 $210,700 $0 $210,700
2019 $2,157 $199,500 $0 $199,500
2018 $1,847 $163,000 $0 $163,000
2017 $1,454 $123,200 $0 $123,200
2016 $1,423 $115,400 $0 $115,400
2015 $1,198 $92,400 $0 $92,400
2014 $1,201 $90,400 $0 $90,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73310503

MLS Property Information Network (MLS PIN)

APN: MELR-000006C-000000-000058-000041