16 Gates Ln # B, Wakefield MA 01880

Wakefield, MA 01880

$950,000

Beds

2.5

Baths

2,869

Sq Ft

$331

Price/Sq Ft

2009

Year Built

Garage Spaces

Condominium

Type

Days on Market

Sold Listed Sep 3, 2024 • MLS# 73284460 Copied! • Updated Sep 27, 2024

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Sale Statistics

Sale Overview

Original List Price: $869,900

                            Final Sale Price:
                            $950,000
                        

Difference: +$80,100 (+9.2%)

Performance Metrics

109.2%

List to Sale Ratio

Sold above asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $303

                            Sale $/sq ft:
                            $331
                        

This property sold for $331 per square foot

Sale Summary

This property sold for 9.2% above the original asking price, indicating strong buyer demand.

With only 12 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property

$331/sq ft

Area Median

$386/sq ft

Difference

14.2%

This property sold below the area median, potentially representing good value for the buyer.

About this home

The spacious feel of a single family without all the maintenance! 16 Gates Lane is young construction that has everything you need exactly where you need it. Relax or entertain in your oversized family room complete with a gas fireplace for cozy winter nights. Feed family and friends in the open kitchen and dining area, or step out of your slider onto the first floor patio and your giant, private, partially fenced yard. At night, four bedrooms welcome you upstairs, including a primary suite with bathroom and walk in closet. Plenty of storage, a bonus play room/office and a 2 car garage with ample driveway parking make this home functional and beautiful. The large basement is unfinished and offers the perfect workshop or opportunity to create more living area. The location is excellent with the Greenwood Commuter rail stop a mere 5 minute walk away along with restaurants, playgrounds and trails all within easy walking distance. Join us for open houses 12-1:30 Sat/Sun. Offers 9/10@12N.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

27.6%

Price Range

Total Days on Market

Previous Sales

Property Timeline

✓

Sold

Sep 27, 2024

$950,000

Property sold

Days on Market: 13

🏠

Listed for Sale

Sep 3, 2024

$869,900

Original listing

Agent: Kristin Weekley Office: Leading Edge Real Estate

Previous Transaction - MLS #72448936

Full transaction history available when tracking began

🏷️

Previously Sold

May 3, 2019

$688,000

MLS #72448936

View Listing →

Date	Event	Price	Change	$/sqft	Details
09/27/2024	✓ Sold	$950,000	-	-	Property sold
09/03/2024	🏠 Listed for Sale	$869,900	-	-	Original listing
05/03/2019	🏷️ Previously Sold	$688,000	-	-	MLS #72448936

Tax History

Year	Taxes	Assessment
2024	$10,461	$929,900

Financial Details

Annual Property Tax

$10,461

Tax Year 2024

HOA Fee

$400

Monthly

Assessed Value

$929,900

Facts & Features

2 Car Garage

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 2009

Living Area 2,869 sq ft

Bedrooms 4

Full Baths 2

Half Baths 1

Total Rooms 7

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Wood, Tile, Flooring - Hardwood

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Fireplace Living Room

Fireplaces 1

Basement Y

Laundry First Floor, In Unit

Features Entrance Foyer, Office

Exterior

Construction Frame

Architecture None

Roof Shingle

Features Patio

Pool None

Spa None

Fencing None

Patio/Porch Patio

Parking

Garage Spaces 2

Has Garage Yes

Features Attached, Off Street

Total Spaces 6

Utilities

Electric 200+ Amp Service

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range

Financial

Annual Tax $10,461

Assessed Value $929,900

HOA & Community

HOA Fee $400 Monthly

Fee Includes Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures See Superintendent For School Information. Next Annual Association Meeting In September 2024. Public Record Has Property As A 3 Bedroom But Property Has 4 Rooms That Meet The Criteria For A Bedroom. Gates Lane Is A Private Way.

Additional Details

Possession None

Accepted Financing Contract

Structure Type ["Townhouse"]

Unit/Building B

Sq Ft Source Public Record

Documents Master Deed, Unit Deed (2)

County Middlesex

Total market time (incl. prior listings) 13 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

2009

Bedrooms

Full Bathrooms

Half Bathrooms

Living Area

2,869 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Tile, Flooring - Hardwood

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Interior Features: Entrance Foyer, Office

Windows: Insulated Windows

Basement: Y

Laundry: First Floor, In Unit

Security:

Construction & Materials

Year Built: 2009

Structure Type: Townhouse

Exterior Materials: Frame

Roof: Shingle

Foundation:

Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas

Heating Zones: 2

Cooling: Central Air

Cooling Zones: 2

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Patio

Patio & Porch: Patio

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Garage Spaces: 2

Garage Type: Attached

Total Parking Spaces: 6

Parking Features: Attached, Off Street

Special Features

Fireplaces: 1

Fireplace Type: Living Room

Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station

Nearby Schools

School information not available for this location.

Location

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Neighborhood

16 Gates Ln # B, Wakefield MA 01880

Wakefield, MA 01880

Listing Information

Listing Agent Kristin Weekley

Listing Office Leading Edge Real Estate

Office Phone 781-979-0100

Agent MLS ID CN215646

Office MLS ID AN4646

Listing Data Updated Sep 27, 2024 5:37 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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