What's your Melrose home worth?
A personalized estimate of what your Melrose home could sell for, prepared by our team from recent sales nearby.
Your free home value estimate
5.0 · 15 Google reviewsPrepared by Grace, Hope or Faith Pettengill
- 1Your address
- 2We research recent sales
- 3Your estimate within 24 hours
The Melrose market
What shapes home values in Melrose
Period architecture
Well-kept Victorians with original detail and updated systems often attract strong attention in Melrose.
Transit options
A walk to a Haverhill Line station or to Oak Grove matters to many buyers commuting into Boston.
Downtown proximity
Being close to Main Street shops and Ell Pond is a frequent priority for buyers.
Parking and lot
Off-street parking and flat, usable yards can set a home apart on hilly or tightly built streets.
Melrose is predominantly single-family and two-family. The east side has many of the city's larger Victorians, while Wyoming Hill and the Highlands mix Victorians with early 1900s Colonials and foursquares. Two-families and smaller Colonials fill many blocks closer to the rail line, and mid-century capes and ranches appear toward the edges of the city. Condominiums include units in converted Victorians and two-families plus newer buildings near downtown and the commuter rail stations.
In a city with this many older homes, expect conversations about original windows, slate roofs, porches and heating systems. Two-family buyers should look at how units are metered and whether the property has been condominiumized. Off-street parking varies by street, and some houses on steep lots have limited driveways. Distance to Oak Grove versus the commuter rail is another useful filter. We're glad to share current Melrose sales data and talk through what it means for you.
FAQ
Home valuation questions
How is the home value estimate prepared?
A member of our team looks at recent comparable sales near your property, its size, layout, condition and features, and current market conditions. It is prepared by a person who knows the area, not generated by an algorithm.
Is the home valuation really free?
Yes. There is no cost and no obligation to list your home with us.
How long does it take to get my estimate?
We send personalized estimates within 24 hours, usually by email. If we have a question about the property, we may call first.
Is this the same as an appraisal?
No. Our estimate is a comparative market analysis: our professional opinion of a likely sale price based on market data. A formal appraisal is done by a licensed appraiser, usually for a lender during a purchase or refinance.
What happens with my information?
We use it only to prepare your estimate and to contact you about it.
Before you sell
Guide
How to sell a house in Massachusetts
Price the home from recent comparable sales, prepare it and list it, while gathering the paperwork Massachusetts requires: a smoke and CO certificate, the lead paint notification for pre-1978 homes, a home inspection disclosure, and a Title 5 report if you have a septic system. After you accept an offer, your attorney negotiates the Purchase and Sale agreement and handles the deed and deed excise tax at closing.
Read moreCosts & rules
Closing costs in Massachusetts: what buyers and sellers pay
Buyers in Massachusetts pay lender charges, title insurance, their attorney, Registry of Deeds recording fees and prepaid taxes and insurance. Sellers pay the deed excise tax ($2.28 per $500 outside Barnstable County), mortgage discharge recording, their attorney, the smoke and CO certificate and any agreed commission.
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Massachusetts deed excise tax (transfer stamps)
Outside Barnstable County, the Massachusetts deed excise tax is $2.28 for every $500 of the sale price, or fraction of $500 (about $4.56 per $1,000). The person who signs the deed, the seller in a sale, pays it when the deed is recorded.
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