2 months on rocket

40 Ferdinand St Unit 40, Melrose, MA, 02176

$549,000

Home List Price

$6,519*

Closing Credit

1 Bedroom
1 Full Bath
550 SqFt
$998/SqFt
Condo

Location

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40 Ferdinand St Unit 40, Melrose$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage1 space
Year Built1951
HeatingNatural Gas
CoolingDuctless
MLS #73303726
Lot Size0.24 Acres
StatusActive

About 40 Ferdinand St Unit 40

Great condo alternative Opportunity. Step into this charming and convenient 4-room, 1-bedroom, 1-bath bungalow nestled on nearly a quarter-acre in Melrose's coveted Highlands neighborhood. With captivating treetop views, gleaming hardwood floors, and modern updates this home offers an inviting open floor plan. The expansive rear deck overlooks a sizable private yard abutting conservation land, complemented by a generous one-car garage with extra storage. Enjoy the convenience of gas for cooking, heating, and hot water. Perfect for those seeking an alternative to condo living, and just a stone's throw from the Melrose Highlands commuter rail. Why settle for HOA fees when you can own your own single-family haven? Unleash the full potential of this property with endless expansion opportunities. The sky's the limit - come witness the possibilities for yourself! Open houses Saturday and Sunday 12:00 to 1:30.

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Living Area: 550 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty - Lexington
  • Office Phone: (781) 862-2600
  • Listing Agent: Domingo Medina

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Ductless

Other

Directions Information:

  • Directions: Franklin St to Ferdinand St

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000
  • Price Per SqFt: $998/SqFt
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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

$830K

Med. Price/SqFt

$465

Avg. Days On Market

25

# of Sold Homes

16

40 Ferdinand St Unit 40 vs Melrose

64 DAYS ON ROCKET

+39 Days

$549,000

-$281K Less

$998/SqFt

+$532 More

KEY TAKEAWAY

This property is $281K less than the Median Sold Price and $532/SqFt more 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: #73303726

Listing Office:

  • Office Name: Coldwell Banker Realty - Lexington
  • Office Phone: (781) 862-2600
  • Listing Agent: Domingo Medina

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.
Last updated on: 12/21/2024, 10:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$2,808

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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NMLS#3030

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-691052
7
/10

  • Colonial Park Elementary School

  • 30 Avalon Rd

  • 0.49 miles

  • Public District Grades PK-4

school-card-donut-691053
7
/10

  • Roosevelt Elementary School

  • 253 Vinton St

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-691054
8
/10

  • Greenwood Elementary School

  • 1030 Main St

  • 0.93 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,768. Most Melrose, MA residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 40 Ferdinand St Unit 40

What is the listing price of this property?

The listing price of 40 Ferdinand St Unit 40 property is $549,000.

What type of property is this?

The property 40 Ferdinand St Unit 40 is a condo located in Melrose, Massachusetts, 02176.

Is this property for sale now?

Active Listing: 40 Ferdinand St Unit 40 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 40 Ferdinand St Unit 40 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 40 Ferdinand St Unit 40 is 550 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 40 Ferdinand St Unit 40 is 1951.

Rocket Homes›Massachusetts›Middlesex County›Melrose›02176›40 Ferdinand St Unit 40

This home is located at 40 Ferdinand St Unit 40 in Melrose, MA and zip code 02176. This 550 square foot home, which was built in 1951, sits on a 0.24 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $549,000.

Over 9 listings were sold over their listed price in November 2024 in Melrose, MA. In the same period over 6 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Melrose, MA decreased by 20.3% between October 2024 and November 2024. The median list price of listings available in November 2024 was $830,000, while the average time on the real estate market was 25 days.

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

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