We are delighted to offer a unique opportunity in the Melrose Highlands. One of Melrose's finest grand turn of the century homes is now available for the home owner to lovingly restore or the house flipper to flip or a developer to search possibilities. It needs extensive work outside but it is in reasonably good condition inside with most of the original fine features still intact. We have a 4000 square foot single family 8 bedroom home plus a 20 x 20 carriage house with a cement floor that can be used as a two car garage that has a second floor with separate entrance that has possibilities to be an ADU. This home was built as a single but functioned as a two family at one time but now is back to a single.
Sold for $1,200,000
$1,200,000
721 Franklin St, Melrose, MA 02176
8beds
4,006sqft
Single Family Residence
Built in 1920
0.51 Acres Lot
$-- Zestimate®
$300/sqft
$7,234 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,234/mo
Zestimate® history
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$7,931/mo
Est. payment
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Est. payment
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List your homeWhat's special
Two car garage
Zillow last checked:
Listing updated:
Listed by:
Paul C. Coogan 617-851-5381,
Brad Hutchinson Real Estate 781-665-2222
Bought with:
Jennifer Hardin
True North Realty
Source: MLS PIN,MLS#: 73532589
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Features: Closet, Flooring - Hardwood
- Level: Second
- Area: 238
- Dimensions: 17 x 14
Bedroom 2
- Features: Closet, Flooring - Hardwood
- Level: Second
- Area: 192
- Dimensions: 16 x 12
Bedroom 3
- Features: Closet, Flooring - Hardwood
- Level: Second
- Area: 156
- Dimensions: 13 x 12
Bedroom 4
- Features: Closet, Flooring - Hardwood
- Level: Second
- Area: 144
- Dimensions: 12 x 12
Bedroom 5
- Features: Fireplace, Flooring - Hardwood
- Level: Third
- Area: 126
- Dimensions: 14 x 9
Primary bathroom
- Features: No
Bathroom 1
- Features: Bathroom - Half
- Level: First
- Area: 60
- Dimensions: 5 x 12
Bathroom 2
- Features: Bathroom - Full, Bathroom - With Tub
- Level: Second
- Area: 64
- Dimensions: 8 x 8
Bathroom 3
- Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower
- Level: Second
- Area: 64
- Dimensions: 8 x 8
Dining room
- Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Crown Molding, Pocket Door
- Level: First
- Area: 192
- Dimensions: 16 x 12
Family room
- Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Crown Molding, Window Seat
- Level: First
- Area: 224
- Dimensions: 14 x 16
Kitchen
- Features: Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded
- Level: First
- Area: 300
- Dimensions: 25 x 12
Living room
- Features: Flooring - Hardwood, Crown Molding, Pocket Door
- Level: First
- Area: 208
- Dimensions: 13 x 16
Heating
- Hot Water, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
- Laundry: In Basement, Washer Hookup
Features
- Closet, Bathroom - Full, Window Seat, Bedroom, Bonus Room, Kitchen, Great Room
- Flooring: Wood, Flooring - Hardwood, Flooring - Wood, Flooring - Vinyl
- Doors: French Doors
- Windows: Storm Window(s)
- Basement: Full,Bulkhead
- Number of fireplaces: 5
- Fireplace features: Dining Room, Family Room, Living Room, Bedroom
Interior area
- Total structure area: 4,006
- Total interior livable area: 4,006 sqft
- Finished area above ground: 4,006
Property
Parking
- Total spaces: 6
- Parking features: Detached, Storage, Workshop in Garage, Garage Faces Side, Carriage Shed, Paved Drive, Off Street
- Garage spaces: 2
- Uncovered spaces: 4
Features
- Patio & porch: Porch
- Exterior features: Balcony / Deck, Porch, Balcony, Barn/Stable
Lot
- Size: 0.51 Acres
- Features: Corner Lot
Details
- Additional structures: Barn/Stable
- Parcel number: 658463
- Zoning: res
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, House of Worship, Private School, Public School, T-Station
- Subdivision: Melrose Highlands
HOA
- Has HOA: No
Location
- Region: Melrose
Financial & listing details
- Price per square foot: $300/sqft
- Tax assessed value: $1,065,300
- Annual tax amount: $12,218
- Date on market: 8/20/2026
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2026 | Sold | $1,200,000+0.1%$300/sqft |
Source: MLS PIN #73532589 Report a problem | ||
| 9/23/2026 | Pending sale | $1,199,000$299/sqft |
Source: MLS PIN #73532589 Report a problem | ||
| 9/9/2026 | Contingent | $1,199,000$299/sqft |
Source: MLS PIN #73532589 Report a problem | ||
| 8/5/2026 | Listed for sale | $1,199,000$299/sqft |
Source: MLS PIN #73532589 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,238 -3.2% | $1,034,100 -2.9% |
| 2024 | $10,573 +0.7% | $1,064,800 +5.7% |
| 2023 | $10,498 +0.6% | $1,007,500 +2.1% |
| 2022 | $10,435 +6.1% | $987,200 +9.9% |
| 2021 | $9,839 +4.4% | $898,500 +5.3% |
| 2020 | $9,428 +7.4% | $853,200 +5.1% |
| 2019 | $8,778 +0.9% | $812,000 +5.7% |
| 2018 | $8,703 +3.7% | $768,100 +8% |
| 2017 | $8,393 +4.1% | $711,300 +8.7% |
| 2016 | $8,065 +0.4% | $654,100 +5.6% |
| 2015 | $8,029 +8.8% | $619,500 +11.5% |
| 2014 | $7,381 +1.9% | $555,800 |
| 2013 | $7,242 -0.2% | $555,800 -2.3% |
| 2012 | $7,260 +2.4% | $569,000 |
| 2011 | $7,090 +7.9% | $569,000 +4.5% |
| 2010 | $6,571 +1% | $544,400 -4.9% |
| 2009 | $6,506 +4.6% | $572,700 -3.9% |
| 2008 | $6,217 +1.7% | $596,100 -4.2% |
| 2007 | $6,116 +6.2% | $622,200 +4% |
| 2006 | $5,760 +3.7% | $598,100 +4.9% |
| 2005 | $5,555 +4% | $570,300 +23% |
| 2004 | $5,340 +3.4% | $463,500 +10% |
| 2003 | $5,162 +2.7% | $421,400 +9% |
| 2002 | $5,028 +2.5% | $386,500 +10.5% |
| 2000 | $4,906 -8.7% | $349,700 +2.3% |
| 1999 | $5,373 | $341,800 |
Find assessor info on the county website
Neighborhood: Melrose Highlands
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Nearby schools
GreatSchools rating
- 8/10Roosevelt Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Melrose Middle SchoolGrades: 6-8Distance: 0.4 mi
- 10/10Melrose High SchoolGrades: 9-12Distance: 0.4 mi
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- Massachusetts
- Middlesex County
- Melrose
- 02176
- Melrose Highlands
- 721 Franklin St
