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31 Temple St, Melrose, MA, 02176

5beds
4baths
3,349sqft
$1,695,000
$506price/sqft
$10,981/moest. monthly cost
$439,240/yrincome needed

About This Home

Discover this stunning to be built new-construction home featuring 5 bedrooms and 3.5 baths, offering breathtaking panoramic views of the Boston skyline. Set on an expansive ~15,000 sq. ft. double lot, the plans offer exceptional space, privacy, and beauty. Thoughtfully placed windows throughout the home capture incredible skyline vistas and fill the interior with natural light. The generous side yard is perfect for entertaining, play, or simply unwinding outdoors. Inside, enjoy three levels of well-designed living space. The walk-out lower level includes two bedrooms that offer true flexibility—use them as guest rooms, offices, a gym, in-law suite, or whatever best fits your family’s needs. Natural light enhances the entire level, creating comfortable and versatile spaces. A rare opportunity, this home combines modern design, expansive outdoor space, and iconic views in a setting that feels both private and elevated. Experience a residence that stands apart.

Getting Around

29
WalkingCar-Dependent
30
TransitSome Transit
18
BikeSomewhat Bikeable

Schools

8/10
Hoover Elementary SchoolGrades K-50.3 mi
6/10
Melrose Middle SchoolGrades 6-81.5 mi
10/10
Melrose High SchoolGrades 9-121.5 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,ENERGY STAR Qualified Refrigerator,Cooktop,Oven,Plumbed For Ice Maker
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Walk-up Attic
  • Door features: Insulated Doors
  • Window features: Insulated Windows
  • Flooring: Wood,Tile,Carpet,Hardwood,Vinyl / VCT
  • Finished area below ground: 1,043
  • Finished area above ground: 3,349

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,349
  • Total interior livable area: 3,349 sqft

Master Bathroom

  • Features: Yes

Property

Details

  • Parcel number: 656386
  • Zoning: Res

Features

  • Patio & porch: Deck,Deck - Composite
  • Exterior features: Deck,Deck - Composite
  • Has view: Yes
  • View description: City View(s),Scenic View(s)

Lot

  • Lot size: 0.34 Acres

Parking

  • Total spaces: 4
  • Parking features: Attached,Paved Drive,Off Street,Paved
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

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 FloodingModerate
  • 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 $8,570$102,840
Home Insurance *$391$4,692
Property Taxes $1,360$16,320
Electricity $660$7,924
Total$10,981$131,772
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$376,491/yr
40% on housing$329,430/yr
45% on housing$292,826/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

$506This listing

vs Other Active Listings

Avg $/sqft

ZIP 02176$367
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
2025-11-14Listed for sale$1,695,000

New Construction

AgentStephanie and Dina Group
BrokerageBarrett Sotheby's International Realty

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