40 Spear St, Melrose, MA 02176
OFF MARKET

40 Spear St
Melrose, MA 02176

East Side
  • 5 Beds
  • 2 Baths
  • 2,410 sqft (on 0.50 acres)

$928,200

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $5,589/mo*
Refinance Your Home

$928,200

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $5,589/mo*
Refinance Your Home
5 Beds
2 Baths
2,410 sqft
(on 0.50 acres)

Home Value

Trulia Estimate
$928K
Since last month
Decreased$9K (-0.9%)
Since last year
Increased$50K (+5.7%)
Since last sale
Increased$715K (+340.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +57% in the last 10 years
MonthEstimated value
2026
August 2026$925K
July 2026$934K
June 2026$957K
May 2026$951K
April 2026$930K
March 2026$889K
February 2026$864K
January 2026$844K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
176 Forest St, Melrose, MA
0.05
Single-Family Home
$898,000
05/29/26
3
1.5
1,500
20 Church St, Melrose, MA
0.17
Single-Family Home
$730,000
09/10/25
4
2
2,016
19 Lebanon St, Melrose, MA
0.36
Single-Family Home
$910,000
07/15/26
3
1.5
1,940
11 Church St, Melrose, MA
0.16
Single-Family Home
$855,000
10/10/25
3
1.5
1,313
28 Edgemere St, Melrose, MA
0.34
Single-Family Home
$933,000
06/30/26
3
2
1,872
8 Hancock St, Melrose, MA
0.13
Single-Family Home
$700,000
12/16/25
3
1.5
1,520
7 Birch Hill Rd, Melrose, MA
0.22
Single-Family Home
$1,050,000
04/08/26
3
1.5
2,131
36 Grandview Ave, Melrose, MA
0.12
Single-Family Home
$999,990
07/15/26
4
2
2,367
27 Temple St, Melrose, MA
0.11
Single-Family Home
$925,000
02/10/26
3
3
2,457
87 Whitman Ave, Melrose, MA
0.25
Single-Family Home
$850,000
10/06/25
3
1.5
2,282

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
167 Forest St, Melrose, MA 02176
0.03
$1,036,900
4
2
2,370
Off Market
176 Forest St, Melrose, MA 02176
0.05
$898,000
3
1.5
1,500
Recently Sold
16 Spear St, Melrose, MA 02176
0.06
$739,200
2
1
1,310
Off Market
39 Spear St, Melrose, MA 02176
0.06
$949,000
3
1.5
1,431
Off Market
31 Whitman Ave, Melrose, MA 02176
0.09
$736,700
4
1
1,924
Off Market
1 Grandview Ave, Melrose, MA 02176
0.10
$874,500
2
1
900
Off Market
27 Temple St, Melrose, MA 02176
0.11
$925,000
3
3
2,457
Recently Sold
128 Forest St, Melrose, MA 02176
0.12
$727,700
3
1.5
1,190
Off Market
18 Willard St, Melrose, MA 02176
0.10
$851,200
3
2
1,400
Off Market
31 Temple St, Melrose, MA 02176
0.13
$1,695,000
5
3.5
3,349
For Sale
29 Temple St, Melrose, MA 02176
0.13
-
-
-
-
Off Market
25 Naples Rd, Melrose, MA 02176
0.13
$710,000
3
1
957
Recently Sold

Local Information

  • Map ViewExplore the area around 40 Spear St.
  • Schools1 Preschool School6 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1880
Lot Size
0.5 acres
Living Area
2,410 sqft
Price/Sqft
$385

About this House

This single-family home is located at 40 Spear St, Melrose, MA. 40 Spear St is in the East Side neighborhood in Melrose, MA and in ZIP code 02176. This property has 5 bedrooms, 2 bathrooms and approximately 2,410 sqft of floor space. This property has a lot size of 0.50 acres and was built in 1880.
40 Spear St, Melrose, MA 02176 is a 5 bedroom, 2 bathroom, 2,410 sqft single-family home in East Side, built in 1880. It last sold for $210,000 on Sep 23, 1994. It is currently off market. The Trulia Estimate is $928,200, with a rent estimate of $4,506/month.

Home Details for 40 Spear St

Interior Features

Interior Details
BasementNumber of Rooms: 9
Heating & Cooling
Heating: OilHeating Fuel: Oil
Levels, Entrance, & Accessibility
Stories: 2
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Wood

Property Information

Year Built
Year Built: 1880
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 0.50 acres

Price and Tax history

DateEventPrice
Sep 23, 1994
Source: N/A
Sold
$210,000

Market trends in Melrose

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$922K
$33.33KMoM
Sale-to-List Price
108.5%
1.9%MoM
Price per sq ft
$528
$11MoM
Available listings
50
23MoM

Around this home

Neighborhood Overview

East Side
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about East Side

At least 44 Trulia users voted on each feature.

  • 93 % Say it's dog friendly

  • 91 % Say there's holiday spirit

  • 86 % Say people would walk alone at night

  • 82 % Say kids play outside

  • 82 % Say streets are well-lit

  • 81 % Say yards are well-kept

  • 78 % Say car is needed

  • 78 % Say there are sidewalks

  • 77 % Say parking is easy

  • 74 % Say it's walkable to grocery stores

  • 68 % Say they plan to stay for at least 5 years

  • 66 % Say it's walkable to restaurants

  • 65 % Say neighbors are friendly

  • 61 % Say there's wildlife

  • 54 % Say it's quiet

  • 50 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Julia S.
    "My parents have lived here since 1991. They enjoy the sense of community, the ability to walk around safely, and the closeness to church, the natural food store, and the hospital. It’s really dog friendly, too."
    5
    Flag
  • Jenny D.
    "I have lived in this neighborhood for 15 years. I love it here. Clean and houses are kept up. Neighbors are friendly and easy to catch public transportation !"
    4
    Flag
  • Anna M.
    "There is a dog park not too far from Melrose High school. There are many dog walkers in the area. Melrose is a good community for people who own dogs."
    0
    Flag
  • Anna M.
    "East Side has numerous schools. It also has a variety of restaurants. Another unique element is that it is close to Wakefield."
    2
    Flag
  • Anna M.
    "A typical commute is not difficult. There is a train station in Melrose which makes it easier when there is traffic. Melrose is also not too far from Boston, which makes commuting easier."
    1
    Flag
  • Anna M.
    "There are numerous elementary schools to choose from. The neighborhood is quiet and peaceful. It is a good place to live for kids."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 40 Spear St

  • What is 40 Spear St estimated to be worth?
    Trulia's estimated value for 40 Spear St in Melrose, MA is $928,200.
  • What is the price history for 40 Spear St?
    40 Spear St in Melrose, MA last sold for $210,000 in September 1994.
  • Is Melrose a buyer's or seller's market?
    Melrose is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Melrose?
    The median sale price in Melrose is $922K. That is up $33.33K from the prior month.
  • How big is the lot at 40 Spear St?
    The lot at 40 Spear St in Melrose, MA is about 0.50 acres (21,780 sq ft).

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Off Market Homes Near 40 Spear St

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