16-18 Prospect Street

Wakefield, MA 01880

$820,000
Last Sold Price
8
Beds
5
Baths
1
1/2 Bath
4,320 Sq. Ft.
$190 / Sq. Ft.
4,320
Sq. Ft.
$190
per Sq. Ft.

Description

Unique offering of two home package. 16 AND 18 PROSPECT STREET WAKEFIELD with potentially sweeping views of Lake Quannapowitt the combined lots are 2/3 of an acre including a fully occupied 3 unit multifamily and single family colonial in need of repair. The combined lots includes approx 15417 sq ft of general residence zoning with the balance single residence. Rehab both for a family escape/ compound, income property in a prime location seconds from the lake, farmers market downtown shop, restaurants,train...Unique offering of two home package. 16 AND 18 PROSPECT STREET WAKEFIELD with potentially sweeping views of Lake Quannapowitt the combined lots are 2/3 of an acre including a fully occupied 3 unit multifamily and single family colonial in need of repair. The combined lots includes approx 15417 sq ft of general residence zoning with the balance single residence. Rehab both for a family escape/ compound, income property in a prime location seconds from the lake, farmers market downtown shop, restaurants,train and a short ride to the highway or explore development opportunities. Either way the location warrants careful consideration so do your do diligence and make this opportunity a reality!
  1. Listed by Gerald Barrett • Barrett, Chris. J., REALTORS®

Property Details for 16-18 Prospect Street

Town
Wakefield
Area
MA-Wakefield
Garage Spaces
1
Parking Spaces
12.00
Parking Spaces Total
13

Location

Listing Courtesy of Barrett, Chris. J., REALTORS®, Gerald Barrett

Sold By Barrett, Chris. J., REALTORS®, Gerald Barrett

Add your commute
LISTING UPDATED: 08/06/2022 06:30 AM

Property Details for 16-18 Prospect Street

StatusSold
MLS #72040174
Days on Market28
Taxes$11,616 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1920
CountyMiddlesex County

Location

Listing Courtesy of Barrett, Chris. J., REALTORS®, Gerald Barrett

Sold By Barrett, Chris. J., REALTORS®, Gerald Barrett

Add your commute

Building Information for 16-18 Prospect Street

Stories5Residences3Year Built1920Building Size-Lot Size0.68 AC / 29,597 SF

Payment Calculator

$5,443 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,475

Property Taxes

$968

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16-18 Prospect Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
  • Current Financing: Conv. Fixed
  • Living Area: 4320.0
  • Color: White
  • Total Units: 3
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • High School: Wmhs
  • Middle School: Galvin
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 6.0
  • Num of Full Baths: 5
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 5.50
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot, Wooded
  • Roof Material: Shingle
  • Waterview Features: Lake
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: 16 and 18 prospect to be sold as a package. listing includes info on both properties. see also MLS listing 72019794
Tax Information
  • Assessments: $861,100
  • Book: 12899
  • Tax Year: 2016
  • Zoning: Gr Sr
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $21,600.00
  • NOI: $21,600.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $2,200.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 16-18 Prospect Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 16-18 Prospect Street

This home is within Wakefield School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Walton Elementary School
PublicK to 4

Galvin Middle School
Public5 to 8

Wakefield Memorial High School
Public9 to 12

Dolbeare Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Barrett, Chris. J., REALTORS®, Gerald Barrett

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.