3 Franklin Ter, Melrose, MA 02176
FOR SALE

3 Franklin Ter
Melrose, MA 02176

Melrose Highlands
  • 4 Beds
  • 2 Baths
  • 1,510 sqft

$825,000

Est. Mortgage $4,980/mo*

$825,000

Est. Mortgage $4,980/mo*
4 Beds
2 Baths
1,510 sqft
We estimate this home will sell faster than 97% nearby.

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Located in the desirable Melrose Highlands, this thoughtfully updated, 4-bedroom, 2-bath home offers the perfect blend of charm, functionality, and walkable convenience. The sun-filled eat-in kitchen, featuring a large island, gas cooktop, and abundant storage, is ideal for the serious home chef. The sliding door off the dining room opens to a composite deck, perennial gardens, and fenced backyard that is perfect for outdoor dining and play. A stunning new bath showcases a custom vanity, linen tower, and Carrera marble tiled shower with glass enclosure. Three generous bedrooms with ample closets finish the second floor. The walk-up third floor is a flexible space for a fourth bedroom, home office, gym, or a future master suite. Front and back porches, side-by-side parking, ample attic and basement storage, top-rated schools, nearby playgrounds, cafés, yoga, restaurants, and a 7-minute walk to the commuter rail complete this exceptional home.
We estimate this home will sell faster than 97% nearby.

Home Highlights

Parking
2 Open Spaces
Outdoor
Porch, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
$546
Listed
7 days ago

Home Details for 3 Franklin Ter

Interior Features

Interior Details
Basement: Full,Interior Entry,UnfinishedNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Master Bathroom, Bathroom 1, Bathroom 2, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1510 Square Feet
Appliances & Utilities
Utilities: for Gas Range, for Gas Oven, for Electric DryerAppliances: Gas Water Heater, Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, DryerDishwasherDisposalDryerLaundry: In Basement,Electric Dryer HookupMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Central,Forced Air,Oil,ElectricHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Central
Fireplace & Spa
Number of Fireplaces: 1Has a FireplaceNo Spa
Gas & Electric
Electric: 110 Volts, Circuit Breakers, 100 Amp Service
Windows, Doors, Floors & Walls
Window: Insulated WindowsFlooring: Tile, Marble, Hardwood, Flooring - Hardwood
Levels, Entrance, & Accessibility
Floors: Tile, Marble, Hardwood, Flooring Hardwood

Exterior Features

Exterior Home Features
Roof: Asphalt Composition ShinglesPatio / Porch: Porch, Deck, Deck - Roof, Deck - CompositeFencing: Fenced/Enclosed, FencedExterior: Porch, Deck, Deck - Roof, Deck - Composite, Rain Gutters, Fenced Yard, Garden, Stone WallFoundation: StoneGarden
Parking & Garage
Open Parking Spaces: 2No GarageHas Open ParkingParking Spaces: 2Parking: Paved Drive,Off Street,Paved
Frontage
Road Frontage: Private Road, Dead EndResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1510

Days on Market

Days on Market: 7

Property Information

Year Built
Year Built: 1893
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Victorian
Building
Construction Materials: FrameNot Attached PropertyDoes Not Include Home Warranty
Property Information
Parcel Number: 658064

Price & Status

Price
List Price: $825,000Price Per Sqft: $546

Active Status

MLS Status: Active

Location

Direction & Address
City: Melrose
School Information
Elementary School: Roosevelt Elementary SchoolJr High / Middle School: Melrose Veterans Memorial MiddHigh School: Melrose High School

Agent Information

Listing Agent
Listing ID: 73524010

Building

Building Area
Building Area: 1510 Square Feet

Community

Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, House of Worship, Public School, T-Station, SidewalksNot Senior Community

HOA

No HOA

Lot Information

Lot Area: 3963 sqft

Offer

Listing Terms: Contract

Miscellaneous

BasementMls Number: 73524010Above Grade Unfinished Area: 1510

Additional Information

Public TransportationShoppingPoolParkWalk/Jog TrailsHouse of WorshipPublic SchoolT-StationSidewalks
Last check for updates: about 9 hours ago
Listing courtesy of Lisa Ballew, (781) 775-8106
Coldwell Banker Realty - Andovers/Readings Regional, (978) 475-2201
Source: MLS PIN, MLS#73524010
Also Listed on MLS PIN.

Market trends in Melrose

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
59
17
MoM

Price History for 3 Franklin Ter

DatePriceEventSource
06/03/2026$825,000Listed For SaleMLS PIN #73524010
04/09/2013$405,000Sold
N/A
10/27/2012$427,900ListingRemovedAgent Provided
07/31/2012$427,900Listed For SaleAgent Provided

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Property Tax and Assessment

Year2025
Tax$7,332
Assessment$740,600
Home facts updated by county records

Comparable Sales for 3 Franklin Ter

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.23
Single-Family Home
$725,000
07/10/25
4
1.5
1,886
0.11
Single-Family Home
$925,000
01/16/26
3
1.5
1,899
0.23
Single-Family Home
$730,000
05/18/26
3
1.5
1,372
0.33
Single-Family Home
$925,000
04/15/26
4
1.5
1,552
0.09
Single-Family Home
$1,210,000
08/27/25
4
1.5
2,124
0.07
Single-Family Home
$1,372,000
10/30/25
4
2.5
2,800
0.34
Single-Family Home
$750,000
09/15/25
3
1.5
1,760
0.32
Single-Family Home
$875,000
11/14/25
4
2
2,222
0.04
Single-Family Home
$1,100,000
03/09/26
4
2.5
2,396
0.50
Single-Family Home
$665,000
09/05/25
3
1.5
1,450

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 3 Franklin Ter.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Melrose Highlands

At least 9 Trulia users voted on each feature.
  • 100 % Say it's dog friendly

  • 100 % Say it's walkable to restaurants

  • 92 % Say people would walk alone at night

  • 89 % Say there are sidewalks

  • 83 % Say yards are well-kept

  • 82 % Say kids play outside

  • 79 % Say streets are well-lit

  • 79 % Say it's walkable to grocery stores

  • 77 % Say parking is easy

  • 77 % Say there's holiday spirit

  • 65 % Say neighbors are friendly

  • 59 % Say there are community events

  • 59 % Say car is needed

  • 58 % Say there's wildlife

  • 47 % Say they plan to stay for at least 5 years

  • 44 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Janice N.
    "There are sidewalks in most streets and plenty of folks walking their dogs. Most clean up after them as you should. No dog party close by. It’s a safe, quiet community with a good neighborhood feel."
  • Jim
    "I don’t own a dog, but there is a dog park nearby. People seem to like that. That’s all I have to say about that."
  • Jim
    "I’ve lived in this neighborhood for three years and I really like the convenient location, parks and restaurants nearby. Also, the residents are very nice."
  • Kerri C.
    "I have lived in this area for about 10yrs now and I absolutely love living here. Reminds me of my childhood town and I plan on retiring here "
  • Wimsky
    "This area is friendly to animals, especially dogs. In addition, there’s a lot backyard space to let dogs play. "
  • Laurie A.
    "Plenty of dog owners out and about all the time, so we are dog friendly. People do care about others picking up after themselves and being responsible owners, so that is expected."
  • Laurie A.
    "We are able to walk to the commuter rail stop (purple line) in about 8 minutes. We are also on the bus line."
  • Laurie A.
    "Lovely homes from several different centuries, tree lined streets and friendly neighbors! It is not uncommon to see people out walking dogs, children riding bikes and neighbors chatting out front while shoveling snow in the winter or sitting on their porches in the summer."
  • Laurie A.
    "Depending upon where in the Highlands you live, you may be closer to either the Roosevelt Elementary School or the Horace Mann School."
  • Ann D.
    "It is a great place to walk a dog. People here seem to like dogs."
  • Ann D.
    "There is a rail station that is a five minute walk away for those traveling to Boston."
  • Ann D.
    "It has some very unique and beautiful housing, especially Victorian style...no two houses are alike. We can walk to good restaurants, grocery store, pharmacy. It is very friendly and people smile and speak to each other. It feels very safe to live here."
  • Ann D.
    "It is safe and friendly. Children are present."
  • Danny B.
    "I work in Melrose and have lived here the last year and a half. It seems to be a great community for new families. I really enjoy renting here, but would be too expensive to buy in this area"
  • Shawn V.
    "Wonderful community -- great for those who commute into Boston. Lively and beautiful downtown. Great recreation and parks - Ell Pond, The Fells, Pine Bark and Mt. Hood. Community pool and tennis and a great farmers market. Whole Foods is an excellent addition. Love it here."

LGBTQ Local Legal Protections

Lisa Ballew, Coldwell Banker Realty - Andovers/Readings Regional, (978) 475-2201
Agent Phone: (781) 775-8106
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
3 Franklin Ter, Melrose, MA 02176 is a 4 bedroom, 2 bathroom, 1,510 sqft single-family home built in 1893. 3 Franklin Ter is located in Melrose Highlands, Melrose. This property is currently available for sale and was listed by MLS PIN on Jun 3, 2026. The MLS # for this home is MLS# 73524010.