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Backup Offers

5 Preston St, Wakefield, MA, 01880

$639,000

Home List Price

$7,588*

Closing Credit

3 Bedrooms
2 Full Baths
1,300 SqFt
$492/SqFt
House

Location

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5 Preston St, Wakefield$639,000

Buyer Closing Credits

$7,588*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingUnder, Storage, Garage Faces Side, Paved Drive, Off Street, Paved
Attached Garage1 space
Year Built1961
HeatingBaseboard, Natural Gas, Fireplace(s)
CoolingNone
BasementYes
FireplaceLiving Room
MLS #73302978
Lot Size0.34 Acres
StatusAccepting Backup Offers
(Contingent)

About 5 Preston St

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1961
  • Living Area: 1,300 SqFt

Listing Office:

  • Office Name: Aluxety
  • Office Phone: (800) 806-3212
  • Listing Agent: Jessica Allen

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Other
  • Basement: Yes
  • Flooring Type: Tile, Hardwood, Laminate
  • Interior: Bonus Room
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Deck - Composite, Rain Gutters, Storage, Fenced Yard

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Under, Storage, Garage Faces Side, Paved Drive, Off Street, Paved

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Fireplace(s)
  • Cooling: None

School Info

Assigned Schools Information:

  • Wakefield Memorial High School, Public District Grades 9-12
  • Galvin Middle School, Public District Grades 5-8
  • Dolbeare, Public District Grades PK-4

Other

Directions Information:

  • Directions: New Salem Street to Preston Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $639,000
  • Price Per SqFt: $492/SqFt

Tax Information:

  • Annual Amount: $5,535
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Wakefield, MA.

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Wakefield, MA

City

Med. Sold Price

$740K

Med. Price/SqFt

$442

Avg. Days On Market

27

# of Sold Homes

17

5 Preston St vs Wakefield

6 DAYS ON ROCKET

-21 Days

$639,000

-$101K Less

$492/SqFt

+$50 More

KEY TAKEAWAY

This property is $101K less than the Median Sold Price and $50/SqFt more than other homes in Wakefield, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73302978

Listing Office:

  • Office Name: Aluxety
  • Office Phone: (800) 806-3212
  • Listing Agent: Jessica Allen

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/23/2024, 1:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 24, 2003Home Sold
$323,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,535$434,800
2020$5,306$415,500
2019$5,031$392,100
2018$4,777$368,900
2017$4,645$356,500

History based on county public records data.

Payment Calculator

$3,257

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,982

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-920294
6
/10

  • Dolbeare

  • 340 Lowell St

  • 0.70 miles

  • Public District Grades PK-4

Middle School

school-card-donut-920295
7
/10

  • Galvin Middle School

  • 525 Main St

  • 0.84 miles

  • Public District Grades 5-8

High School

school-card-donut-920296
7
/10

  • Wakefield Memorial High School

  • 60 Farm St

  • 1.03 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,658. Typical income of Wakefield, MA residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5 Preston St

What is the listing price of this property?

The listing price of 5 Preston St property is $639,000.

What type of property is this?

The property 5 Preston St is a house located in Wakefield, Massachusetts, 01880.

Is this property for sale now?

Accepting Backup Offers: 5 Preston St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 5 Preston St are:
Dolbeare: GreatSchools Rating 6/10
Galvin Middle School: GreatSchools Rating 7/10
Wakefield Memorial High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,535 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 24, 2003 for $323,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5 Preston St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5 Preston St is 1,300 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5 Preston St is 1961.

Rocket Homes›Massachusetts›Middlesex County›Wakefield›01880›5 Preston St

This home is located at 5 Preston St in Wakefield, MA and zip code 01880. This 1,300 square foot home, which was built in 1961, sits on a 0.34 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $639,000.

While more than 11 listings in Wakefield, MA in September 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below. The number of listings in Wakefield, MA decreased by 3.1% between August 2024 and September 2024. In September 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $740,000.

From Rocket Homes Real Estate and based on county public records data.

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