For sale

$1,199,000

721 Franklin St, Melrose, MA 02176

8beds

4,006sqft

$7,295/mo

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Single Family Residence

Built in 1920

0.51 Acres Lot

$-- Zestimate^®

$299/sqft

$-- HOA

What's special

Two car garage

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.

22 days

6,069

276

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: $299/sqft
Tax assessed value: $1,065,300
Annual tax amount: $12,218
Date on market: 8/5/2026

Estimated market value

Not available

Estimated sales range

Not available

$7,080/mo

Price history

Date	Event	Price
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