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194 Melrose St

Melrose, MA 02176

7 bd 4 ba 3,492 sqft Built 1920 Lot 13,939 sqft single_family
Most recent sale
$1,140,000
Mar 4, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 4, 2024 Sold $1,140,000 MLSPIN
Jan 2, 2024 Listed $1,140,000 MLSPIN
Jan 1, 2024 Listing removed $1,140,000 MLSPIN
Dec 24, 2023 Relisted $1,140,000 MLSPIN
Dec 23, 2023 Listing removed $1,140,000 MLSPIN
Sep 21, 2023 Listed $1,140,000 MLSPIN
Sep 14, 2023 Listing removed $1,140,000 MLSPIN
Aug 18, 2023 Price changed $1,140,000 MLSPIN
Mar 7, 2023 Relisted $1,150,000 MLSPIN
Jan 19, 2023 Listing removed MLSPIN
Nov 20, 2022 Price changed $1,150,000 MLSPIN
Oct 29, 2022 Price changed $1,250,000 MLSPIN
Sep 26, 2022 Listed $1,300,000 MLSPIN
Jan 17, 2020 Sold $700,000 MLSPIN

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $424,500 $493,800 $918,300 $9,091
2024 $424,500 $479,700 $904,200 $8,979
2023 $388,800 $465,500 $854,300 $8,902
2022 $376,500 $423,200 $799,700 $8,453
2021 $362,100 $395,000 $757,100 $8,290
2020 $363,800 $395,000 $758,800 $8,385
2019 $293,700 $352,700 $646,400 $6,988
2018 $284,600 $303,300 $587,900 $6,661
2017 $260,900 $282,200 $543,100 $6,409
2016 $232,900 $282,200 $515,100 $6,351
2015 $231,500 $268,000 $499,500 $6,474
2013 $211,800 $239,800 $451,600 $5,884
2005 $240,200 $257,500 $497,700 $4,848
2004 $197,800 $194,500 $392,300 $4,519
2003 $179,000 $176,800 $355,800 $4,359

Property facts

Year built
1920
Property type
single_family
Stories
Beds
7
Baths
4
Living area
3,492 sqft
Lot size
13,939 sqft
ZIP code
02176
City
Melrose
Street
Melrose St
Coordinates
42.46713, -71.07080

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$10,127
Gross rental yield
10.66%
Implied cap rate
6.93%
Trend-extrapolated value

Frequently asked questions

When did 194 Melrose St last sell?
194 Melrose St most recently sold on Mar 4, 2024 for $1,140,000.
What is the current tax assessment for 194 Melrose St?
The most recent total assessment for 194 Melrose St (year 2025) is $918,300 with $9,091 in property tax.
How does 194 Melrose St's assessment compare to its last sale price?
The current assessment is 19.4% below the last sale price of $1,140,000.
When was 194 Melrose St built?
194 Melrose St was built in 1920.
How does 194 Melrose St compare to others on Melrose St?
We track 8 other properties on Melrose St. Browse the list under "Other properties on Melrose St" to compare beds, baths, and sale history.
What are the property facts for 194 Melrose St?
194 Melrose St is a 7 bed, 4 bath, 3,492 sqft, 13,939 sqft lot single_family.
Is 194 Melrose St a flip candidate?
No — 194 Melrose St does not appear in our flips dataset.
Is 194 Melrose St a tax-appeal candidate?
No — 194 Melrose St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.3%
Implied 1-yr
+5.4%
2026 Q2
$922.3K
2026 Q3
$933.7K
ZIP 02176 — Median Price History + Forecast

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