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55 Melvin Street # R, Wakefield MA 01880

Wakefield, MA 01880
$572,000
Est. $3,572/month
2
Beds
1.5
Baths
1,200
Sq Ft
$477
Price/Sq Ft
1983
Year Built
5
Days on Market
Closed Listed Feb 26, 2025 • MLS# 73338846 Copied!

About this home

This beautiful 2-bed, 1.5-bath condex in Wakefield, MA, offers the perfect blend of comfort and convenience and best of all, NO CONDO FEES! The spacious living room features hardwood floors and a large picture window, seamlessly flowing into the dining area and kitchen, complete with granite counters, stainless steel appliances, and access to the exterior deck. A half bath, laundry, and pantry closet complete the main floor. Upstairs, both bedrooms boast hardwood floors and ample closet space, while the full bath features tile flooring and a tub/shower combo. Enjoy the convenience of having in-unit laundry! Head outside and enjoy a composite deck, yard, and storage shed perfect for relaxing or entertaining. Conveniently located in the heart of Wakefield with easy access to downtown, I-95, I-93, and RT-128. Schedule your showing today!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1983
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,200 sq ft
Total Rooms
6
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $499,000
Final Sale Price: $572,000
Difference: +$73,000 (+14.6%)
Performance Metrics
114.6%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $416
Sale $/sq ft: $477
This property sold for $477 per square foot
Sale Summary

This property sold for 14.6% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$477/sq ft
Area Average
$379/sq ft
Difference
+26.0%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1983
Living Area 1,200 sq ft
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 6

Interior

Heating Forced Air, Natural Gas
Cooling Wall Unit(s)
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Features None

Exterior

Construction Conventional (2x4-2x6)
Architecture None
Roof Shingle
Features Deck, Deck - Composite, Deck - Access Rights, Storage, Screens, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Deck, Deck - Composite, Deck - Access Rights

Parking

Features Off Street, Deeded, Paved
Total Spaces 2

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $5,753
Assessed Value $506,900

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows, Screens
Basement: N
Laundry: Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Security:

Construction & Materials

Year Built: 1983
Structure Type: Detached
Exterior Materials: Conventional (2x4-2x6)
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Wall Unit(s)
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck, Deck - Composite, Deck - Access Rights, Storage, Screens, Rain Gutters
Patio & Porch: Deck, Deck - Composite, Deck - Access Rights
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Deeded, Paved

Location

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Neighborhood

55 Melvin Street # R, Wakefield MA 01880

Wakefield, MA 01880

Walkability

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Nearby Schools

School District
Wakefield School District local
A-
School Safety 2024-25
0.5% Low
0.5% Suspensions 0.3% In-School
5.0% below state avg
E

Elementary Schools

3 schools
A-
Woodville School
0.5 mi | #192 of 824 | Score: 55.5
Improved 38 spots from last year
-2.7 below state avg
456 students Moderate
Rising School
Grades PK-04
St. Joseph Elementary School
0.9 mi
Grades PK-08
Early Childhood Center at the Doyle School
1.1 mi
128 students Moderate
Grades PK
M

Middle Schools

1 school
A-
Galvin Middle School
0.6 mi | #79 of 352 | Score: 52.1
Improved 5 spots from last year
-6.1 below state avg
1,056 students Moderate
Strong Attendance
Grades 05-08
H

High Schools

3 schools
EMARC - Life Choices & Employment Services
0.6 mi
Grades 09-12
A-
Wakefield Memorial High School
0.8 mi | #79 of 346 | Score: 62.6
Improved 16 spots from last year
+4.4 above state avg
854 students Moderate
18 sports • 1,930 athletes
High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
B+
Northeast Metropolitan Regional Vocational High School
0.9 mi | #141 of 346 | Score: 56.5
Improved 81 spots from last year
-1.7 below state avg
1,381 students Diverse
17 sports • 1,818 athletes
High Graduation Rate Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $479
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

43.9%
Price Range
6
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Apr 7, 2025
$572,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Feb 26, 2025
$499,000
Original listing
Agent: Maria Leblanc Office: Lamacchia Realty, Inc.
Previous Transaction - MLS #72064309
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 28, 2016
$321,000
MLS #72064309

Price & Status History

Date Event Price Change
Feb 26, 2025 New Listing Added $499,000
Oct 28, 2016 Sold $321,000

Market Statistics

Days on Market
5 days
Price per Sq Ft
$477

Tax History

Year Taxes Assessment
2025 $5,753 $506,900

Financial Details

Annual Property Tax
$5,753
Tax Year 2025
Assessed Value
$506,900

Listing Information

Listing Office Lamacchia Realty, Inc.
Agent MLS ID CN236805
Office MLS ID AN2885
Listing Data Updated Apr 8, 2025 8:21 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Wakefield, MA

Real-time market trends and pricing data for this area

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