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5 Preston Street, Wakefield MA 01880

Wakefield, MA 01880
$670,000
Est. $3,566/month
3
Beds
2
Baths
1,300
Sq Ft
$515
Price/Sq Ft
0.34
Acres
1961
Year Built
Single Family Residence
Type
19
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73302978

About this home

Nestled on a desirable corner lot in Wakefield, this well-maintained ranch offers a comfortable and convenient lifestyle. The home features three bedrooms, two full baths, and a cozy living room complete with a fireplace. Recent upgrades include a brand-new gas furnace and an updated 200-amp electrical system, ensuring modern efficiency. The spacious basement with kitchenette provides a versatile bonus room, ideal for a family room or additional living space for extended family, along with a full bath. The generously sized, level lot is perfect for outdoor activities, and the location offers excellent access to Wakefield Center, major highways, and the commuter rail station.

Sale Statistics

Sale Overview
Original List Price: $639,000
Final Sale Price: $670,000
Difference: +$31,000 (+4.9%)
Performance Metrics
104.9%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $492
Sale $/sq ft: $515
This property sold for $515 per square foot
Sale Summary

This property sold for 4.9% above the original asking price, indicating strong buyer demand.

With only 19 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
1961
Bedrooms
3
Full Bathrooms
2
Living Area
1,300 sq ft
Total Rooms
6

Interior Features

Flooring
Tile, Hardwood, Laminate
Heating
Baseboard, Natural Gas, Fireplace(s)
Has Heating
Yes
Cooling
None
Has Cooling
No
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Other
Interior Features
Bonus Room
Laundry Features
First Floor, Gas Dryer Hookup, Washer Hookup
Basement Details
Full, Finished, Walk-Out Access, Interior Entry, Garage Access
Window Features
Insulated Windows
Door Features
Insulated Doors

Exterior & Structure

Construction Materials
Frame
Architectural Style
Ranch
Roof
Shingle
Foundation
Concrete Perimeter
Exterior Features
Deck - Composite, Rain Gutters, Storage, Fenced Yard
Patio/Porch Features
Deck - Composite
Fencing
Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.34 acres
Lot Size
14,976 sq ft
Lot Size Area
0.3400
Lot Features
Corner Lot, Level
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
6
Parking Features
Under, Storage, Garage Faces Side, Paved Drive, Off Street, Paved
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range, for Gas Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 200+ Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,467
Tax Year
2024
Tax Assessed Value
$574,800
Parcel Number
821162
Zoning
SR

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No

Location

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Neighborhood

5 Preston Street, Wakefield MA 01880

Wakefield, MA 01880

Walkability

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Schools

Elementary School
Dolbeare
Rating information coming soon
Middle School
Galvin
Rating information coming soon
High School
Wakefield
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $539
Homeowners Insurance $200
PMI $0

Property History

Market Insights

4.6%
Price Range
21
Total Days on Market

Property Timeline

✓
Sold
Nov 27, 2024
$670,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Oct 16, 2024
$639,000
Original listing
Office: Aluxety

Price & Status History

Date Event Price Change
Oct 16, 2024 New Listing Added $639,000 —

Market Statistics

Days on Market
19 days
Price per Sq Ft
$515

Tax History

Year Taxes Assessment
2024 $6,467 $574,800

Financial Details

Annual Property Tax
$6,467
Tax Year 2024
Assessed Value
$574,800

Listing Information

Listing Agent Jessica Allen
Listing Office Aluxety
Agent MLS ID BB809780
Office MLS ID AN8387

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