7 Terrace Ct, Wakefield MA 01880

Wakefield, MA 01880 • Greenwood
$631,275
Est. $3,360/month
2
Beds
1
Baths
1,078
Sq Ft
$586
Price/Sq Ft
0.11
Acres
1940
Year Built
Single Family Residence
Type
4
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73332884

About this home

Perched atop a sun-drenched hill, this classic Cape radiates warmth and possibility. Natural light streams through generous windows, dancing across gleaming hardwood floors and creating an uplifting atmosphere throughout. The living room, anchored by a stately fireplace, offers an inviting space for relaxation and entertainment. Though ready for your personal touch in the kitchen, this home's solid bones and thoughtful layout provide an excellent foundation for creating your dream culinary space. The strategic hilltop position ensures both privacy and commanding views of the surrounding area. Storage solutions abound with both basement space and an under-garage area, perfect for organizing seasonal items and hobbies. Outside, established perennial gardens lie dormant, promising a spectacular show of color and texture come spring. The expansive driveway offers flexibility - maintain as-is or reimagine a portion as additional green space. Embrace the perfect blend of established charm

Sale Statistics

Sale Overview
Original List Price: $599,900
Final Sale Price: $631,275
Difference: +$31,375 (+5.2%)
Performance Metrics
105.2%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $556
Sale $/sq ft: $586
This property sold for $586 per square foot
Sale Summary

This property sold for 5.2% above the original asking price, indicating strong buyer demand.

With only 4 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
1940
Bedrooms
2
Full Bathrooms
1
Living Area
1,078 sq ft
Total Rooms
5

Interior Features

Flooring
Tile, Vinyl, Hardwood
Heating
Steam, Oil
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Water Heater, Tankless Water Heater, Range, Disposal, Refrigerator, Washer, Dryer
Laundry Features
Electric Dryer Hookup, Washer Hookup, In Basement
Basement Details
Full, Garage Access, Unfinished

Exterior & Structure

Construction Materials
Frame
Architectural Style
Cape
Roof
Asphalt/Composition Shingles
Foundation
Block
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,840 sq ft
Lot Size Area
0.1100
Lot Features
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
Attached, Paved Drive, Off Street
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

Subdivision
Greenwood
Community Features
Park, Public School, T-Station
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,129
Tax Year
2024
Tax Assessed Value
$633,700
Parcel Number
M:000027 B:0293 P:000M11,820842
Zoning
SR

Additional Details

Year Built Source
Public Records
Year Built Details
Renovated Since
Attached Property
No
Disclosures
.Strip of land between driveway and 5 Terrace Ct belongs to 5-7 Gladstone St.Private road with town services (trash pickup/snow removal) but not paving
Exclusions
See Inclusion/Exclusion Sheet

Location

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Neighborhood

Greenwood

7 Terrace Ct, Wakefield MA 01880

Wakefield, MA 01880

Walkability

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Schools

Elementary School
Greenwood
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 $594
Homeowners Insurance $200
PMI $0

Property History

Market Insights

5%
Price Range
6
Total Days on Market

Property Timeline

Sold
Mar 17, 2025
$631,275
Property sold
Days on Market: 6
🏠
Listed for Sale
Feb 6, 2025
$599,900
Original listing
Agent: The Bill Butler Group Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Feb 6, 2025 New Listing Added $599,900

Market Statistics

Days on Market
4 days
Price per Sq Ft
$586

Tax History

Year Taxes Assessment
2024 $7,129 $633,700

Financial Details

Annual Property Tax
$7,129
Tax Year 2024
Assessed Value
$633,700

Listing Information

Listing Agent The Bill Butler Group
Listing Office Leading Edge Real Estate
Agent MLS ID TM327053
Office MLS ID AN4646

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