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198 Salem St, Wakefield MA 01880

Wakefield, MA 01880
$570,000
Est. $3,034/month
2
Beds
1
Baths
1,008
Sq Ft
$565
Price/Sq Ft
0.29
Acres
1930
Year Built
Single Family Residence
Type
16
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73270706

About this home

Welcome to Wakefield! Outstanding potential for development or the perfect starter home. Enjoy an enclosed front porch, leading to an open-concept living/dining area and kitchen on the first floor. Upstairs, you’ll find 2 well-sized bedrooms and a full bathroom. Wood trim throughout adds warmth and character. The large, beautiful backyard with mature trees is ready for your ideas. Great opportunity to build your dream home or for a developer to build and resell. Massive level lot with impressive width in a great neighborhood. This property includes 2 parcels of land: 198 Salem Street is 0.21 acres or 9,248 sq ft w/ an assessed value of $517,500 AND 0 Border St is 0.08 acres or 3,598 sq ft w/ an assessed value of $16,000. Combined size of the 2 lots = 0.29 or 12,846 sq ft w/ a combined assessed value of $533,500. Town water & sewer. Please do not walk lot without an appointment. 1st showing at the 1st Open House Sat. 8/3 at 11 AM - no exceptions. Offers due Tuesday, 8/6 at 12:00 PM.

Sale Statistics

Sale Overview
Original List Price: $550,000
Final Sale Price: $570,000
Difference: +$20,000 (+3.6%)
Performance Metrics
103.6%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $546
Sale $/sq ft: $565
This property sold for $565 per square foot
Sale Summary

This property sold for 3.6% above the original asking price, indicating strong buyer demand.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1930
Bedrooms
2
Full Bathrooms
1
Living Area
1,008 sq ft
Total Rooms
5

Interior Features

Flooring
Vinyl, Carpet, Hardwood
Heating
Steam, Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Water Heater, Range, Disposal
Laundry Features
Electric Dryer Hookup, Washer Hookup, In Basement
Basement Details
Full, Walk-Out Access, Concrete, Unfinished
Window Features
Insulated Windows
Accessibility Features
No

Exterior & Structure

Construction Materials
Frame
Architectural Style
Bungalow
Roof
Shingle
Foundation
Block
Foundation Area
0 sq ft
Exterior Features
Porch - Enclosed, Rain Gutters
Patio/Porch Features
Porch - Enclosed
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.29 acres
Lot Size
12,846 sq ft
Lot Size Area
0.2900
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
4
Parking Features
Detached, Paved Drive, Off Street, Deeded, Paved
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Highway Access, Private School, Public School, T-Station, Sidewalks
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,002
Tax Year
2024
Tax Assessed Value
$533,500
Parcel Number
821195
Zoning
Res

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Attached Property
No
Disclosures
Seller and agent make no representations. Buyer and buyer's agent to do their own due diligence. Town of Wakefield just installed a new street and sidewalk. Offers due 8/6 by 12:00 PM.
Exclusions
Washer/Dryer And Freezer In Basement. Window Treatments/Curtains.

Location

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Neighborhood

198 Salem St, Wakefield MA 01880

Wakefield, MA 01880

Walkability

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Schools

Elementary School
Check W/ Supt.
Rating information coming soon
Middle School
Check W/ Supt.
Rating information coming soon
High School
Wakefield High
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $500
Homeowners Insurance $200
PMI $0

Property History

Market Insights

3.5%
Price Range
17
Total Days on Market

Property Timeline

✓
Sold
Sep 27, 2024
$570,000
Property sold
Days on Market: 17
🏠
Listed for Sale
Jul 29, 2024
$550,000
Original listing
Agent: Team Ladner Office: RE/MAX Harmony

Price & Status History

Date Event Price Change
Jul 29, 2024 New Listing Added $550,000 —

Market Statistics

Days on Market
16 days
Price per Sq Ft
$565

Tax History

Year Taxes Assessment
2024 $6,002 $533,500

Financial Details

Annual Property Tax
$6,002
Tax Year 2024
Assessed Value
$533,500

Listing Information

Listing Agent Team Ladner
Listing Office RE/MAX Harmony
Agent MLS ID TM341788
Office MLS ID AN5976

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