$220,000
SOLD MAY 22, 2025

340 Main St Unit 705 Melrose, MA 02176

Wyoming Neighborhood
-- Bed
1 Bath
302 Sq Ft
$232/mo HOA Fee

Recently Sold

$728 Per Sq Ft

11% Above List Price

4 Days on Market

Highlights

  • Medical Services
  • 4-minute walk to Wyoming Hill
  • Property is near public transit
  • Lincoln Elementary School Rated A-
  • No Units Above
  • Community Pool

About This Home

As of May 2025

Penthouse studio condo in downtown Melrose with a lot of natural light, floors and appliances in great condition, ample kitchen cabinet space, and a well-sized bathroom. A common balcony with great views only for the 7th floor residents is included as well as in-building laundry on the 4th floor, additional storage in the basement, and one deeded off-street parking spot. Association is pet friendly! Commuting is effortless; Wyoming Hill commuter rail (purple line) is just around the corner, the bus to Oak Grove T (orange line) stops in front of the building, and Route 93 is only a 7-minute drive. Enjoy the vibrant Melrose lifestyle, with restaurants, coffee shops, gyms, stores, and a Shaw's supermarket all within immediate proximity. Outdoor enthusiasts will love the proximity to Fells reservation, Pine Banks park, hiking trails, and a nearby dog park. With a prime location, modern comforts, and an unbeatable convenience, this condo is perfect for both owner-occupiers and investors!

Last Agent to Sell the Property

Dionysios Kaskarelis

Barrett Sotheby's International Realty Listed on: 03/31/2025

Barrett Sotheby's International Realty

Last Buyer's Agent

Yasira Fernandez

Access

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,766

Year Built

  • Built in 1970

Lot Details

  • No Units Above

HOA Fees

  • $232 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 302 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Intercom
  • Basement

Kitchen

  • Range
  • Dishwasher

Parking

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

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Forced Air Heating System
  • Individual Controls for Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number M:0C6 P:005867,653916

Community Details

Overview

  • Association fees include heat, water, sewer, insurance, maintenance structure, snow removal, trash, reserve funds
  • 71 Units
  • High-Rise Condominium
  • Melrose Place Condominium Community

Amenities

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

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,766

Year Built

Built in 1970

Lot Details

0

HOA Fees

$232 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: High-Rise
  • Year Built: 1970
  • Entry Level: 7
  • Year Built Details: Actual
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Interior Amenities: Internet Available - Unknown, Elevator
  • Entry Location: Unit Placement(Front)
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: Yes
  • Laundry Features: Common Area, In Building
  • Basement: Y
  • Above Grade Finished Sq Ft: 302
  • Living Area: 302
  • Other Equipment: Intercom
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN0538
  • LIST PRICE PER Sq Ft: 658.94
  • PRICE PER Sq Ft: 728.48
  • MAIN SO: AN4691

Exterior Features

  • Common Walls: No One Above
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air, Electric, Unit Control
  • Cooling Y N: No
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Individual Meter

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry, Elevator(s), Storage
  • Association Fee: 232.34
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station
  • Senior Community YN: No
  • UNIT BUILDING: 705
  • MANAGEMENT: Professional - Off Site, Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:0C6 P:005867,653916
  • Zoning: BA1
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 414
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1766
  • Tax Book Number: 80651

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2025
Closed on
May 22, 2025
Sold by
Lang Yu
Bought by
Perera Nirosha
Seller's Agent
Dionysios Kaskarelis
Barrett Sotheby's International Realty
Buyer's Agent
Yasira Fernandez
Access
List Price
$199,000
Sold Price
$220,000
Premium/Discount to List
$21,000
10.55%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-57.48%
Original Mortgage
$198,000
Outstanding Balance
$198,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$7,452

Purchase Details

Closed on
May 4, 2000
Sold by
Yurman Shane and Yurman Beth
Bought by
Melrose Condo 705 Rt and Sullivan James P
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
Deed $220,000 None Available
Deed $48,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $198,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Sold $220,000 +10.6% $728 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
03/31/2025 03/31/25 For Sale $199,000 +15.7% $659 / Sq Ft
08/29/2022 08/29/22 Sold $172,000 -9.5% $570 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $189,999 -- $629 / 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 $18 $178,400 $0 $178,400
2024 $1,631 $164,300 $0 $164,300
2023 $1,668 $160,100 $0 $160,100
2022 $1,589 $150,300 $0 $150,300
2021 $1,569 $143,300 $0 $143,300
2020 $1,669 $151,000 $0 $151,000
2019 $1,542 $142,600 $0 $142,600
2018 $1,309 $115,500 $0 $115,500
2017 $1,319 $111,800 $0 $111,800
2016 $1,118 $90,700 $0 $90,700
2015 $788 $60,800 $0 $60,800
2014 $789 $59,400 $0 $59,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73352088

MLS Property Information Network (MLS PIN)

APN: MELR-000006C-000000-000058-000067