40 Elm Street, Wakefield MA 01880

Wakefield, MA 01880
$1,150,000
Est. $6,121/month
6
Beds
3.5
Baths
4,157
Sq Ft
$277
Price/Sq Ft
0.22
Acres
1880
Year Built
2 Family - 2 Units Up/Down
Type
16
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73373967

About this home

Versatile with charm and modern updates! This stunning 2-family home is ideal for multi-generational living or rental income. 3 levels of living space! Full renovation of first two levels in 2001 and 3rd level in 2021. First unit has single-level living with a spacious eat-in kitchen, dining room, living room, 2 bedrooms (one bedroom currently used as a large pantry/laundry), and full bath. Second unit spans levels 2 & 3 with a bright kitchen, granite island, new appliances, dining/living area, 3 bedrooms, full bath with jacuzzi & walk-in shower, 3rd level with huge family room, bedroom, bonus room & 1/2 bath. Farmer’s porch, side deck, and basement with bathroom and potential for more finished space. Large corner lot with pull thru driveway, patio, firepit, basketball court, two sheds, and fenced yard. Near Lake Quannapowitt recreation, downtown restaurants, commuter rail to Boston, and Walton School! Home is pre-inspected.

Sale Statistics

Sale Overview
Original List Price: $1,075,000
Final Sale Price: $1,150,000
Difference: +$75,000 (+7.0%)
Performance Metrics
107.0%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $259
Sale $/sq ft: $277
This property sold for $277 per square foot
Sale Summary

This property sold for 7.0% 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
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1880
Bedrooms
6
Full Bathrooms
3
Half Bathrooms
1
Living Area
4,157 sq ft
Total Rooms
13
Stories
3
Levels
3

Interior Features

Flooring
Tile, Carpet, Hardwood
Heating
Baseboard
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Fireplace Features
Gas
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Microwave, Refrigerator
Interior Features
Ceiling Fan(s), Pantry, Bathroom With Tub, Stone/Granite/Solid Counters, Walk-In Closet(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Laundry Room, Family Room
Basement Details
Full, Interior Entry, Sump Pump, Concrete, Unfinished

Exterior & Structure

Roof
Shingle
Foundation
Other
Exterior Features
Balcony
Patio/Porch Features
Porch, Deck - Composite, Patio
Fencing
Fenced
Spa Features
Bath
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.22 acres
Lot Size
9,931 sq ft
Lot Size Area
0.2200
Lot Features
Corner Lot, Level
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
10
Parking Features
Paved Drive, Off Street, Paved

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$11,332
Tax Year
2025
Tax Assessed Value
$998,400
Tax Lot
4EE
Tax Block
012
Tax Map Number
11
Parcel Number
816740
Zoning
GR

Additional Details

Year Built Source
Public Records
Year Built Details
Actual

Location

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Neighborhood

40 Elm Street, Wakefield MA 01880

Wakefield, MA 01880

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $944
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.5%
Price Range
17
Total Days on Market

Property Timeline

Sold
Jul 17, 2025
$1,150,000
Property sold
Days on Market: 17
🏠
Listed for Sale
May 13, 2025
$1,075,000
Original listing
Agent: Tami Mallett Office: Cameron Prestige - Amesbury

Price & Status History

Date Event Price Change
May 13, 2025 New Listing Added $1,075,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$277

Tax History

Year Taxes Assessment
2025 $11,332 $998,400

Financial Details

Annual Property Tax
$11,332
Tax Year 2025
Assessed Value
$998,400

Listing Information

Listing Agent Tami Mallett
Listing Office Cameron Prestige - Amesbury
Agent MLS ID CN227329
Office MLS ID AN5155

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