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534 Main St #11, Melrose, MA, 02176

1beds
1baths
543sqft
$379,000
$698price/sqft
$2,675/moest. monthly cost
$107,000/yrincome needed

About This Home

Experience walkable downtown Melrose living at The Essex, with dining, shopping, and commuter access just steps away. This well-maintained 1-bedroom condo offers a smart and comfortable layout in a professionally renovated building updated in 2008. Interior features include hardwood floors throughout, stone countertops, designer lighting, central air, and a fully tiled bath with tub. Positioned toward the back of the building, the unit enjoys a quiet setting away from Main Street activity. The spacious bedroom includes a large closet, offering excellent storage rarely found in one-bedroom homes. Additional assigned storage in the full-height walk-out basement provides added convenience. Located just ½ mile to the Cedar Park Commuter Rail and steps to the bus to Oak Grove’s Orange Line, making commuting into Boston easy. Parking available to rent nearby.

Getting Around

94
WalkingWalker's Paradise
35
TransitSome Transit
53
BikeBikeable

Schools

7/10
6/10
Melrose Middle SchoolGrades 6-80.5 mi
10/10
Melrose High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1900

Notable Dates

  • Major remodel year: 2008

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator
  • Laundry features: Common Area,In Building

Bathroom1

  • Level: First
  • Area: 43.699999999

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Entrance Foyer,Entry Hall
  • Window features: Insulated Windows
  • Flooring: Hardwood
  • Finished area above ground: 543
  • Common walls with other units/homes: No One Above

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 543
  • Total interior livable area: 543 sqft

Kitchen

  • Level: First
  • Area: 137.829999999

Living Room

  • Level: First
  • Area: 141.41

Master Bedroom

  • Area: 180

Property

Details

  • Parcel number: M:0C7 P:007111
  • Zoning: BA1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,916$22,992
Home Insurance *$87$1,044
Property Taxes $318$3,816
Electricity $354$4,259
Total$2,675$32,100
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$91,714/yr
40% on housing$80,250/yr
45% on housing$71,333/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$698This listing

vs Other Active Listings

Avg $/sqft

ZIP 02176$377
Middlesex County$437

vs Homes Sold Last Month

Median $/sqft

ZIP 02176$461
Middlesex County$413

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-10Listed for sale$379,000
2020-03-06Listing removed$1,775
2020-01-24Listed for rent$1,775
2019-08-29Sold$325,000
2019-07-31Pending sale$319,000
2019-07-23Listed for sale$319,000
2009-06-28Listing removed$200,000
2009-04-04Price change$200,000
2009-03-06Listed for sale$199,900

For Sale by Agent

AgentReynolds Group
BrokerageLongwood Residential, LLC

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