$305,000
SOLD DEC 30, 2024 RENTED APR 4, 2025

340 Main St Unit 703 Melrose, MA 02176

Wyoming Neighborhood
1 Bed
1 Bath
738 Sq Ft
$524/mo HOA Fee

Recently Sold

$413 Per Sq Ft

2% Above List Price

8 Days on Market

Highlights

  • Golf Course Community
  • 4-minute walk to Wyoming Hill
  • No Units Above
  • Lincoln Elementary School Rated A-
  • Medical Services
  • Open Floorplan

About This Home

As of December 2024

Penthouse condo located in the heart of Melrose Square! This sweet 1 bdrm home offers nice scale & great natural light. Love the views day & night of bustling downtown & the vast skyline through the wall of windows in both the living area & bedroom!! Convenient for commuting to Boston or points north as the commuter rail (purple line) is 2 blocks away & the Orange Line bus is right out front & Rt 93 is nearby too. Each floor has a common balcony, perfect for relaxing w/a good book or morning coffee! Walk to all Melrose has to offer...diverse restaurants, Shaws, coffee shops, gyms, boutiques & a brewery! Lots of outdoor recreation opportunity too as the Fells Reservation, hiking trails, Pine Banks & a dog park are all close! This unit also offers a new heat pump/ac (18 months)! The views, the bonus room/ in-home office & great closets make this condo stand out! You will love the easy commute & the seamless access to so many amenities right out your front door...leave the car at home!

Last Agent to Sell the Property

Leeman & Gately

Compass Listed on: 11/12/2024

Compass

Co-Listed By

Lorraine Gately

Compass

Last Buyer's Agent

Dionysios Kaskarelis

Barrett Sotheby's International Realty

Barrett Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,771

Year Built

  • Built in 1970

Lot Details

  • Near Conservation Area
  • No Units Above

HOA Fees

  • $524 Monthly HOA Fees

Home Design

  • Rubber Roof

Interior Spaces

  • 738 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Decorative Lighting
  • Insulated Windows
  • Entryway
  • Home Office

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Dual Closets
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Balcony

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lottery Elementary School
  • Melrose Middle School
  • Melrose High School

Utilities

  • Cooling Available
  • 1 Cooling Zone
  • 2 Heating Zones
  • Heat Pump System
  • Hot Water Heating System
  • Electric Baseboard Heater
  • 100 Amp Service
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 653941

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, snow removal, trash
  • 71 Units
  • High-Rise Condominium
  • Melrose Place Community
  • 7-Story Property

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Coin Laundry
  • Elevator
  • Community Storage Space

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,771

Year Built

Built in 1970

Lot Details

0

HOA Fees

$524 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: High-Rise
  • Year Built: 1970
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 7
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 7

Interior Features

  • Flooring: Tile, Carpet, Laminate, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
  • Interior Amenities: Closet, Home Office, Entry Hall, Elevator
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Flooring - Wall to Wall Carpet, Closet - Double
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 120
  • Master Bathroom Features: No
  • Bathroom 1 Area: 45
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Cabinets - Upgraded
  • Bathroom 1 Level: First
  • Room Dining Room Features: Flooring - Laminate, Open Floorplan, Lighting - Sconce
  • Room Dining Room Level: First
  • Room Dining Room Area: 55
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Open Floorplan, Recessed Lighting
  • Room Kitchen Area: 80
  • Laundry Features: Common Area, In Building
  • Room Living Room Level: First
  • Room Living Room Area: 228
  • Room Living Room Features: Flooring - Laminate, Cable Hookup, Open Floorplan
  • Room Office Level: First
  • Room Office Area: 48
  • Room Office Features: Flooring - Wall to Wall Carpet
  • Basement: N
  • Living Area: 738
  • Spa YN: No
  • Stories Total: 7
  • Window Features: Insulated Windows
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 406.37
  • PRICE PER Sq Ft: 413.28
  • MAIN SO: AN0538

Exterior Features

  • Exterior Features: Balcony
  • Common Walls: No One Above
  • Home Warranty YN: No
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Heat Pump
  • Heating: Electric Baseboard, Heat Pump
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry, Elevator(s), Storage
  • Association Fee: 524
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Senior Community YN: No
  • UNIT BUILDING: 703
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 653941
  • Zoning: BA1
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 0
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2771
  • Tax Book Number: 0

Multi Family

  • Number Of Units Total: 71
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 41

MLS Schools

  • High School: Melrose
  • Elementary School: Lottery
  • Middle Or Junior School: Melrose

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2024
Closed on
Dec 30, 2024
Sold by
Oneill Daniel A
Bought by
Access Properties Llc
Seller's Agent
Leeman & Gately
Compass
Buyer's Agent
Dionysios Kaskarelis
Barrett Sotheby's International Realty
List Price
$299,900
Sold Price
$305,000
Premium/Discount to List
$5,100
1.7%
Views
71
Current Estimated Value
$364,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,022
Avg. Annual Appreciation
36.39%
Original Mortgage
$200,000
Outstanding Balance
$199,494
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$164,528

Purchase Details

Closed on
Sep 11, 1991
Sold by
First Eastern Mtg
Bought by
Oneill Daniel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,200
Interest Rate
9.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 1991
Sold by
Mcwhorter Alexandra
Bought by
First Estn Mtg Corp
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Condominium Deed $305,000 None Available
Condominium Deed $305,000 None Available
Condominium Deed $305,000 None Available
Deed $58,000 --
Foreclosure Deed $56,600 --
Foreclosure Deed $56,600 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Purchase Money Mortgage
Closed $200,000 Purchase Money Mortgage
Previous Owner $100,000 Credit Line Revolving
Previous Owner $50,000 No Value Available
Previous Owner $39,000 No Value Available
Previous Owner $52,200 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Under Contract -- -- --
04/01/2025 04/01/25 Rented $2,500 0.0% --
03/24/2025 03/24/25 Price Changed $2,500 -3.8% $3 / Sq Ft
03/05/2025 03/05/25 For Rent $2,600 0.0% --
12/30/2024 12/30/24 Sold $305,000 +1.7% $413 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
11/12/2024 11/12/24 For Sale $299,900 -- $406 / 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 $30 $303,500 $0 $303,500
2024 $2,771 $279,100 $0 $279,100
2023 $2,825 $271,100 $0 $271,100
2022 $2,679 $253,500 $0 $253,500
2021 $2,636 $240,700 $0 $240,700
2020 $2,803 $253,700 $0 $253,700
2019 $2,570 $237,700 $0 $237,700
2018 $2,157 $190,400 $0 $190,400
2017 $2,164 $183,400 $0 $183,400
2016 $1,882 $152,600 $0 $152,600
2015 $1,715 $132,300 $0 $132,300
2014 $1,699 $127,900 $0 $127,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73311933

MLS Property Information Network (MLS PIN)

APN: MELR-000006C-000000-000058-000065