Sold
Last Sold Price
5 beds2,184 sqft$344/sqft
1-3 Ravine Ter, Melrose, MA 02176
Multi FamilyProperty Type
3,977 sq ftLot Size
1920Year Built
$344/sq ftPrice per sq ft
4 carsParking Spaces

Description

OPEN HOUSES CANCELLED. Melrose Duplex located close to Wyoming Station, Oak Grove & Lynn Fells! Attention investors or savvy buyers looking for extra income...this standard duplex offers great income potential, seperate heat, electric & water, gas cooking & 2 driveways! Convenient commuting location too, the 132 bus is steps away & Rt 93 & 28 are minutes away...get to Cambridge & Boston in no time! The yard is all fenced & has space for gardens & barbeques & The Lynn Fells Reservation is 1 block...OPEN HOUSES CANCELLED. Melrose Duplex located close to Wyoming Station, Oak Grove & Lynn Fells! Attention investors or savvy buyers looking for extra income...this standard duplex offers great income potential, seperate heat, electric & water, gas cooking & 2 driveways! Convenient commuting location too, the 132 bus is steps away & Rt 93 & 28 are minutes away...get to Cambridge & Boston in no time! The yard is all fenced & has space for gardens & barbeques & The Lynn Fells Reservation is 1 block away, the dog will love it too!! Enjoy all of the many amenities in Melrose: restaurants, coffee shops, the farmers market, good schools, YMCA & so much more! This would also work perfectly for extended families/in-laws looking to live together or a townhouse conversion! Put a wall back up if needed to return it to the original floor plan w/3 bdrms on each side! High ceilings, HW flrs & scale...Just add some sweat equity & cosmetics & invest in one of the hottest zip codes in the Country!

Listing Agents

  1. Leeman & Gately

    Leeman & Gately

    Listing Agent

    Compass

    P: (781) 307-1243

    M: (781) 307-1243

  2. Lorraine Gately

    Lorraine Gately

    Alternative Listing Agent

    Compass

    P: (781) 844-5191

    M: (781) 844-5191

Listing closed: 11/04/2022 12:00 AM • Source: MLS PIN, MLS#: 73038876

Recent comparable sales

Median sold price

$860,000

Avg days on market

21

Sale-to-list ratio

99.9%

Melrose, MA

9 comparable properties found

a front view of a house with garden
1/43
1

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Sold 06/27/25

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Bedrooms
2,130
Square Feet
0.16
Acres
$866,000 | 103 East Foster Street, Melrose, MA 02176
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$750,000 | 24 Otis Street, Melrose, MA 02176
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$755,000 | 59 Mystic Avenue, Melrose, MA 02176
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Square Feet
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Sold 04/25/25

6
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Square Feet
0.14
Acres
a view of a house with a yard
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7

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Sold 04/02/25

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Bedrooms
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Square Feet
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a view of a car parked in front of a brick house
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8

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Sold 12/27/24

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Bedrooms
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Square Feet
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Acres
a view of a house with a yard
1/34
9

$930,000

Sold 08/07/25

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Bedrooms
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Square Feet
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Acres

Location

Sold By Mass Realty Properties, Andy Mass

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Payment Calculator

$4,444 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,884

Property Taxes

$560

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1-3 Ravine Terrace

Property Details
  • Taxes: $6,725 / year
  • MLS Type: Multi-family / Duplex
  • Buyer's Agent Compensation: 2%
  • Town: Melrose
  • MLS Area: Fells
  • Area: MA-Melrose-Fells, MA-Melrose
  • Garage Spaces: 0
  • Parking Spaces Total: 4
Building Information
  • Stories: 4
  • Residences: 2
  • Year Built: 1920
  • Lot Size: 0.09 AC / 3,977 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Current Financing: Conv. ARM
  • Living Area: 2184.0
  • Color: Yellow
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: Lottery
  • High School: Melrose
  • Middle School: Melrose
Features
Interior Features
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Basement Features: Full, Walk Out
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Vinyl, Carpet, Laminate, Hardwood
  • Interior Features: Ceiling Fan(s), Storage, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Fenced Yard, Porch
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Corner Lot, Level
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: Circuit Breakers
  • Heating: Steam, Oil
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public, Dead End
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: put a wall back up to return it to the original floorplan of 3 bedrooms on each side.2 cars can fit in each driveway if fences are adjusted.Washer & Dryer being left as gifts.
Tax Information
  • Listing Terms: Contract
  • Tax ID: 652145
  • Assessments: $636,200
  • Book: 32883
  • Tax Year: 2022
  • Zoning: res
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Block, Stone
  • Levels: 4
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 2
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 1-3 Ravine Terrace

DateEvent & SourcePriceAppreciation
Nov 4, 2022

Sold

MLS PIN #73038876

$751,550
Sep 24, 2022

Under Agreement

MLS PIN #73038876

Sep 24, 2022

Contingent

MLS PIN #73038876

DateEvent & SourcePrice
11/04/2022

Sold

MLS PIN #73038876

$751,550
09/24/2022

Under Agreement

MLS PIN #73038876

09/24/2022

Contingent

MLS PIN #73038876

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1-3 Ravine Terrace

This home is within Melrose School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Winthrop Elementary School
PublicK to 5

Horace Mann Elementary School
PublicK to 5

Lincoln Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1-3 Ravine Terrace, Melrose, MA 02176
$751,550
5
2,184
3,977
$670,000
3
1,675
$649,000
3
2,184
3,977
$550,000
4
3,207
7,762
$555,000
Studio
2
1,535
$550,000
5
1,535

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.