Pending

Price cut: $40K (9/17)

$699,900

16 Central St, Wakefield, MA 01880

3beds

1,465sqft

$4,806/mo

Get pre-qualified

Single Family Residence

Built in 1967

0.39 Acres Lot

$691,800 Zestimate^®

$478/sqft

$-- HOA

What's special

Hardwood floorsUpdated roofRear enclosed sunporchGas cooking and heatGranite counters in kitchen

Roll up your sleeves and bring this wonderful Ranch, just steps from Lake Quannapowitt in Wakefield, back to perfection. This home has been in the same family for over 50 years and is now ready for new owners. Offering unlimited potential for a contractor to renovate and flip, or the buyers who want to live in a great neighborhood and will move in and put their own finishing touches on it. This home needs some work but you can build great equity at this location. 7 Rooms, 3 bedrooms, 2 baths, and a den or office all on a single level.. Hardwood floors, fireplaced livingroom, granite counters in kitchen. Gas cooking and heat. Main bedroom addition off rear with it's own en suite bath. Rear enclosed sunporch. Updated roof and newer high end Lochinvar tankless heating and HW system. All of this situated on a 17,000 sq ft lot. Just a short walk to Lake, the Common, downtown, bus line, and commuter rail to Boston. Convenient to major highways and MarketStreet Lynnfield.

31 days
3,730
205

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Features: Bathroom - Half, Flooring - Hardwood
Level: First
Area: 240
Dimensions: 16 x 15

Bedroom 2

Features: Flooring - Hardwood
Level: First
Area: 180
Dimensions: 15 x 12

Bedroom 3

Features: Flooring - Hardwood
Level: First
Area: 130
Dimensions: 13 x 10

Primary bathroom

Features: Yes

Bathroom 1

Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Level: First

Bathroom 2

Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: First

Dining room

Features: Flooring - Hardwood
Level: First
Area: 120
Dimensions: 12 x 10

Kitchen

Features: Flooring - Laminate, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Level: First
Area: 160
Dimensions: 16 x 10

Living room

Features: Flooring - Hardwood
Level: First
Area: 196
Dimensions: 14 x 14

Office

Features: Flooring - Hardwood
Level: First
Area: 140
Dimensions: 14 x 10

Heating

Baseboard, Natural Gas

Cooling

None

Appliances

Included: Tankless Water Heater, Range, Oven, Dishwasher, Disposal, Refrigerator, Freezer
Laundry: In Basement

Features

Home Office
Flooring: Tile, Laminate, Hardwood, Flooring - Hardwood
Basement: Full,Interior Entry,Sump Pump,Unfinished
Number of fireplaces: 1
Fireplace features: Living Room

Interior area

Total structure area: 1,465
Total interior livable area: 1,465 sqft
Finished area above ground: 1,465

Property

Parking

Total spaces: 5
Parking features: Paved Drive, Off Street, Paved
Uncovered spaces: 5

Features

Patio & porch: Porch - Enclosed, Patio
Exterior features: Porch - Enclosed, Patio, Pool - Above Ground
Has private pool: Yes
Pool features: Above Ground
Frontage length: 80.00

Lot

Size: 0.39 Acres
Features: Easements, Level

Details

Parcel number: 817953
Zoning: SR

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Frame
Foundation: Concrete Perimeter, Block
Roof: Shingle

Condition

Year built: 1967

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Bike Path, Highway Access, Private School, Public School, T-Station

HOA

Has HOA: No

Location

Region: Wakefield

Financial & listing details

Price per square foot: $478/sqft
Tax assessed value: $753,200
Annual tax amount: $8,546
Date on market: 9/6/2026

Estimated market value

$691,800

$657,000 - $726,000

$3,747/mo

Price history

Date	Event	Price
10/5/2026	Pending sale	$699,900$478/sqft
Source: MLS PIN #73572008 Report a problem
9/21/2026	Contingent	$699,900$478/sqft
Source: MLS PIN #73572008 Report a problem
9/17/2026	Price change	$699,900-5.4%$478/sqft
Source: MLS PIN #73572008 Report a problem
9/10/2026	Price change	$739,900-2.6%$505/sqft
Source: MLS PIN #73572008 Report a problem
9/4/2026	Listed for sale	$759,900$519/sqft
Source: MLS PIN #73572008 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,129 -1%	$716,200 -1.9%
2024	$8,210 +5.2%	$729,800 +9.7%
2023	$7,803 +7.5%	$665,200 +12.9%
2022	$7,256 +2.8%	$589,000 +6.2%
2021	$7,061 +7.6%	$554,700 +8%
2020	$6,560 +3.7%	$513,700 +4.2%
2019	$6,324 +5.1%	$492,900 +6.1%
2018	$6,015 +4.8%	$464,500 +5.5%
2017	$5,737 +3.7%	$440,300 +7.3%
2016	$5,534 +2%	$410,200 +1.9%
2015	$5,426 +9.7%	$402,500 +4%
2014	$4,948 +6.1%	$387,200 +2.1%
2013	$4,663 +3.3%	$379,400
2012	$4,515 +3.8%	$379,400
2011	$4,348 +4.6%	$379,400 -0.7%
2010	$4,157 +2.2%	$382,100 -2.1%
2009	$4,069 -2.7%	$390,100 -10%
2008	$4,181 +1.7%	$433,300 +0.3%
2007	$4,113 +2.5%	$432,000
2006	$4,013 +10.4%	$432,000 +7.7%
2005	$3,634 +12.8%	$401,100 +42%
2004	$3,221 +3.1%	$282,500
2003	$3,124 +3.1%	$282,500 -0.5%
2002	$3,029 +0.6%	$283,900 +28.7%
2000	$3,011 +1.9%	$220,600 +4.6%
1999	$2,955	$210,900