9 days on rocket

Backup Offers

73 Essex St, Melrose, MA, 02176

$799,000

Home List Price

$9,488*

Closing Credit

5 Bedrooms
4 Full Baths
2,789 SqFt
$286/SqFt
Multi
Schools Nearby

Location

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73 Essex St, Melrose$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street, Paved
Year Built1860
BasementYes
FireplaceWood Burning
MLS #73228764
Lot Size0.19 Acres
StatusAccepting Backup Offers
(Contingent)

About 73 Essex St

Welcome to your next investment venture in picturesque Melrose! This well-maintained two-family home is a prime opportunity for investors, those seeking owner-occupied living, or developers looking to capitalize on its potential. Nestled on a charming corner lot, this property offers townhouse style living experience with separate entries for each unit. Unit 1 features a living room with fireplace, cathedral ceiling kitchen, dining with direct access to the shared backyard, bedroom & updated 1st floor bath with laundry. Upstairs you’ll find two more bedrooms & full bath. The partially finished basement includes yet another full bathroom, along with ample storage space. Unit 2 is equally enticing, boasting an updated kitchen equipped with laundry for added convenience, and a bright living area flooded with natural light. With 2 beds & bath upstairs. Conveniently situated in the heart of downtown Melrose, steps away from shops, restaurants, and several public transportation options.

Property Details

Property Features

Property Information:

  • Year Built: 1860
  • Living Area: 2,789 SqFt

Listing Office:

  • Office Name: Leading Edge Real Estate
  • Listing Agent: Pirani & Wile Group

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Yes
  • Flooring Type: Tile, Hardwood
  • Interior: Cathedral/Vaulted Ceilings, Bathroom with Shower Stall, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Paved Drive, Off Street, Paved

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.19 Acres

Other

Directions Information:

  • Directions: Main Street to Essex Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
  • Price Per SqFt: $286/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2%
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Housing Market Comparison

See how this home compares to others in Melrose, MA.

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Melrose, MA

City

Med. Sold Price

$850K

Med. Price/SqFt

$448

Avg. Days On Market

13

# of Sold Homes

11

73 Essex St vs Melrose

9 DAYS ON ROCKET

-4 Days

$799,000

-$51K Less

$286/SqFt

-$162 Less

KEY TAKEAWAY

This property is $51K less than the Median Sold Price and $162/SqFt less than other homes in Melrose, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73228764

Listing Office:

  • Office Name: Leading Edge Real Estate
  • Listing Agent: Pirani & Wile Group

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/5/2024, 10:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 16, 2020Home Sold
$745,000
Jun 01, 2006Home Sold
$465,000

Tax History

YEARPROP. TAXASSESSMENT
2021 - $608,700
2020 - $580,700
2019 - $546,800
2018 - $494,300
2017 - $461,000

History based on county public records data.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-6417597
8
/10

  • Lincoln

  • 80 W Wyoming Ave

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-6417598
8
/10

  • Roosevelt

  • 253 Vinton St

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-6417599
8
/10

  • Winthrop

  • 162 1st St

  • 0.72 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,160. The majority of Melrose, MA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Melrose›02176›73 Essex St

This home is located at 73 Essex St in Melrose, MA and zip code 02176. This 2,789 square foot home, which was built in 1860, sits on a 0.19 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $799,000.

In April 2024 more than 7 listings in Melrose, MA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 were sold below. In April 2024 in Melrose, MA there were 35% more homes for sale than in March 2024. Listings spent 13 days on the market in April 2024, and had a median list price of $850,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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