Off market dec 2006 for $435K

$901,586

Est. refi paymentEst. refi $768/mo

•

2,323

sq ft

16 Penney Hill Rd, Melrose, MA 02176

About this home

Built in 1993, this 10rm, 4br, four full bath home sits on a huge 15,000 sq.ft lot on a cul-de-sac in Melrose’s rural outpost along the Mount Hood Conservation land & golf course. This house features a full in-law apt on the lower level. Although this house is only 13 years old, it is time to freshen it up with a little paint and new carpets, and the owners will be giving the buyer back a full one percent of the purchase price towards this end. This is a fantastic opportunity.

Single-familyProperty Type

1993Year Built

0.34 acresLot Size

$388Est. Price/Sq.Ft.

4 spacesParking

Listed by Alison Socha Group • RE/MAX Heritage, LLC

Bought with Alison Socha Group • RE/MAX Heritage, LLC

Redfin checked: 2 minutes ago

•Source:MLS PIN #70462588

Redfin Estimate

$901,586

$467K since sold in December 2006$34K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.9% lower than the average sale price ($919K) of 6 comparable homes.

SOLD AUG 7, 2026
$1,190,000
A
4 beds3 baths2,399 sq ft
25 Dexter Rd, Melrose, MA 02176
SOLD SEP 18, 2026
$768,000
B
4 beds2 baths1,939 sq ft
130 Elwell St, Malden, MA 02148
SOLD MAY 13, 2026
$960,000
C
4 beds3.5 baths2,500 sq ft
9 Tea Party Way, Malden, MA 02148
SOLD OCT 6, 2026
$705,000
D
3 beds2 baths2,260 sq ft
18 Fleming, Malden, MA 02148
SOLD SEP 10, 2026
$890,000
E
4 beds3 baths2,801 sq ft
165 Central Ave, Malden, MA 02148
SOLD JUL 15, 2026
$999,990
F
4 beds2 baths2,367 sq ft
36 Grandview Ave, Melrose, MA 02176

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Earn from this home

Sell

$690,903

Est. take-home

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Refinance

Est. cash available

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Rent

$3,274/mo

Redfin rental estimate

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Market trends in 02176, MA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

105.4%

1.3% MoM

Median sale price

$915K

$35K MoM

Avg. days on market

20d

4 days MoM

Recently sold homes

6 MoM

New listings for sale

$582,500
1 bed1 bath1,135 sq ft
56 Vinton St #1, Melrose, MA 02176
$700,000
2 beds1 bath1,710 sq ft
56 Vinton St #6, Melrose, MA 02176
OPEN THU, 11:30AM TO 12:30PM
$899,000
2 beds2 baths1,476 sq ft
63 Cystal St #63, Melrose, MA 02176
OPEN THU, 11:30AM TO 12:30PM
$989,000
3 beds2 baths1,581 sq ft
61 Crystal St #61, Melrose, MA 02176
$899,900
3 beds2 baths2,378 sq ft
112 Orris St, Melrose, MA 02176
$799,900
3 beds2.5 baths1,560 sq ft
28 Hopkins St, Melrose, MA 02176
HOT HOME
$1,390,000
5 beds3 baths3,114 sq ft
52 Sheffield Rd, Melrose, MA 02176
$899,900
3 beds2 baths2,026 sq ft
241 Vinton St, Melrose, MA 02176
$575,000
1 bed1 bath660 sq ft
56 Vinton St #5, Melrose, MA 02176
$469,000
2 beds1 bath748 sq ft
33 Vine St #2, Melrose, MA 02176
See all

Provided by Redfin

Sale history for 16 Penney Hill Rd

Date

Event

Price

MLS PIN #70462588

Dec 14, 2006

Sold

$435,000

$187/sq ft

Dec 10, 2006

Listing Removed

—

Sep 21, 2006

Listed

$437,500

$188/sq ft

Public Records

Jun 30, 1998

Sold

$249,900

$108/sq ft

MLS PIN #30217141

Jun 30, 1998

Sold

$249

$0/sq ft

May 14, 1998

Listing Removed

—

Apr 20, 1998

Listed

$249,900

$108/sq ft

Public Records

Oct 4, 1993

Sold

$67,500

$29/sq ft

Public Records

May 5, 1993

Sold

$189,900

$82/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$7,906 (+15.9%)

$418,600 + $270,700

$689,300

2025

$6,824 (+5.4%)

$418,600 + $270,700

$689,300

2024

$6,474 (+3.9%)

$391,600 + $260,400

$652,000

2023

$6,232 (+0.9%)

$364,600 + $233,500

$598,100

2022

$6,179 (+0.2%)

$351,100 + $233,500

$584,600

2021

$6,167 (+4.1%)

$337,600 + $225,600

$563,200

2020

$5,925 (+4.9%)

$310,600 + $225,600

$536,200

2019

$5,650 (+8.1%)

$297,100 + $225,600

$522,700

2018

$5,227 (+3.1%)

$246,500 + $214,800

$461,300

2017

$5,069 (+6.2%)

$236,400 + $193,200

$429,600

2016

$4,773 (−4.9%)

$209,400 + $177,700

$387,100

2015

$5,017 (+2.1%)

$209,400 + $177,700

$387,100

2014

$4,916 (+0.8%)

$192,500 + $177,700

$370,200

2013

$4,875 (+2.1%)

$192,500 + $181,600

$374,100

2012

$4,774 (+2.4%)

$192,500 + $181,600

$374,100

2011

$4,661 (+0.6%)

$192,500 + $181,600

$374,100

2010

$4,634 (+4.4%)

$192,500 + $191,400

$383,900

2009

$4,437

$199,200 + $191,400

$390,600

Tax history for 16 Penney Hill Rd

Year

Property tax

Land + Additions

Assessment*

2026

$7,906 (+15.9%)

$418,600 + $270,700

$689,300

2025

$6,824 (+5.4%)

$418,600 + $270,700

$689,300

2024

$6,474 (+3.9%)

$391,600 + $260,400

$652,000

2023

$6,232 (+0.9%)

$364,600 + $233,500

$598,100

2022

$6,179 (+0.2%)

$351,100 + $233,500

$584,600

2021

$6,167 (+4.1%)

$337,600 + $225,600

$563,200

2020

$5,925 (+4.9%)

$310,600 + $225,600

$536,200

2019

$5,650 (+8.1%)

$297,100 + $225,600

$522,700

2018

$5,227 (+3.1%)

$246,500 + $214,800

$461,300

2017

$5,069 (+6.2%)

$236,400 + $193,200

$429,600

2016

$4,773 (−4.9%)

$209,400 + $177,700

$387,100

2015

$5,017 (+2.1%)

$209,400 + $177,700

$387,100

2014

$4,916 (+0.8%)

$192,500 + $177,700

$370,200

2013

$4,875 (+2.1%)

$192,500 + $181,600

$374,100

2012

$4,774 (+2.4%)

$192,500 + $181,600

$374,100

2011

$4,661 (+0.6%)

$192,500 + $181,600

$374,100

2010

$4,634 (+4.4%)

$192,500 + $191,400

$383,900

2009

$4,437

$199,200 + $191,400

$390,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.34 Acres

Year renovated

—

Sq. Ft.

2,230

Year built

1992

Style

Single Family Residential

County

Middlesex County

APN

2150069S

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 16, 2026.

Property details

Parking

Parking Information
Has Open Parking
Parking Spaces: 4
Parking Features: Paved Drive, Off Street

Interior

Master Bedroom Information
Area: 187
Length: 11
Width: 17
Level: Second

Bedroom #2 Information
Area: 132
Length: 11
Width: 12
Level: Second

Bedroom #3 Information
Area: 132
Length: 11
Width: 12
Level: Second

Bedroom #4 Information
Area: 132
Length: 11
Width: 12
Level: Basement

Bathroom Information
# of Bathrooms (Full): 4
Master Bathroom Features: Yes

Bathroom #1 Information
Level: First
Features: Bathroom - Full

Bathroom #2 Information
Level: Second
Features: Bathroom - Full

Bathroom #3 Information
Level: Second
Features: Bathroom - Full

Living Room Information
Area: 273
Length: 21
Width: 13
Level: First

Family Room Information
Area: 132
Length: 11
Width: 12
Level: First

Dining Room Information
Area: 196
Length: 14
Width: 14
Level: First

Kitchen Information
Area: 144
Length: 12
Width: 12
Level: First

Basement Information
Basement: Finished

Laundry Information
Laundry Features: Second Floor

Interior Features
# of Rooms (Total): 10
Flooring: Carpet, Other
Interior Features: Bathroom - Full, Kitchen, Den, Bathroom

Exterior

Building Information
Building Area (Total): 2,323
Foundation Area: 936
Foundation Details: Concrete Perimeter
Construction Materials: Frame
Year Built Source: Public Records
Year Built Details: Actual
Color: White

Exterior Features
Roof: Shingle
Patio And Porch Features: Deck
Exterior Features: Deck

Property Information
PropertySubType: Single Family Residence

Lot Information
Lot Size (Acres): 0.34
Road Surface Type: Paved
Road Frontage Type: Public
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $3,825.04
Tax Year: 2006

Utilities

Utility Information
Utilities: for Electric Range, for Electric Oven
Sewer: Public Sewer, City/Town Sewer
Water Source: Public, City/Town Water
Electric: Circuit Breakers

Heating & Cooling
Has Heating
Heating: Electric Baseboard

Location

HOA Information
Homeowners Association Membership Not Required

Location Information
Directions: Swains Pond Avenue to Penny Road to Penny Hill Road
UnparsedAddress: 16 Penney Hill Road, Melrose MA 02176

Community Information
Senior CommunityYN: No
Community Features: Golf

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 2,230
Stories: 2.0
Lot Size: 0.34 acres
Style: Single Family Residential
Year Built: 1992
Year Renovated: —
County: Middlesex County
APN: 2150069S

Home facts updated by county records on Sep 16, 2026

Other

Miscellaneous Information
Heat Zones: 1

Listing Information
Exclusions: As W/All Our Listings,See Inclusion/Exclusion Sheet And Listing Sheet.
StandardStatus: Closed

Around this home

Schools

Hoover Elementary School

Public K-5 • Assigned • 0.9mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 96° expected this year, 14 days in 30 years

6/10 Wind Factor

60% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Melrose, MA • 02176

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.2 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$857,000 – $1.04M

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Home values near 16 Penney Hill Rd

Data from public records.

Address	Redfin Estimate
10 Penny Hill Rd, Melrose, MA 2 Beds \| 1 Baths \| 1016 Sq. Ft.	$692,187
9 Penny Hill Rd, Melrose, MA 2 Beds \| 1 Baths \| - Sq. Ft.	$516,153

Address	Redfin Estimate
6 Penny Hill Rd, Melrose, MA 3 Beds \| 1 Baths \| 2232 Sq. Ft.	$755,084
11 Penny Hill Rd, Melrose, MA 3 Beds \| 2 Baths \| 1612 Sq. Ft.	$737,110

Address	Redfin Estimate
7 Penny Hill Rd, Melrose, MA 3 Beds \| 1 Baths \| 1352 Sq. Ft.	$770,905
15 Penny Hill Rd, Melrose, MA 3 Beds \| 1 Baths \| - Sq. Ft.	$657,611

Property information provided by MLS PIN when last listed in 2006. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 02176, MA

Sale history for 16 Penney Hill Rd

Tax history for 16 Penney Hill Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 02176

Home values near 16 Penney Hill Rd

More real estate resources