331 Grove Street

331 Grove Street in Melrose, MA was first built in 1891 and is 133 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a Victorian style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 331 Grove Street has 2,718 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 746 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 6,991 square feet.

Learn more about the property and building on this page. The home has a hip style roof made of asphalt. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jan 30, 2019 for $1,050,000. That's $386.31 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $425,000. 331 Grove Street was last assessed in 2024. The total value of the property was assessed at $1,195,300. Specifically, the land the property is located on was valued at $400,200. While improvements on the property were assessed at a total of $795,100. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $11,869. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.