$598,500
SOLD DEC 4, 2015

5-7 3rd St Wakefield, MA 01880

Montrose Neighborhood
6 Beds
4 Baths
2,592 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$231 Per Sq Ft

7 Days on Market

About This Home

As of December 2015

Looking for a GREAT location?! DON'T MISS OUT on this fantastic opportunity to own a SIZABLE two unit TOWN HOUSE STYLE multi-family in WAKEFIELD!!! With 2500 SF of living area BOTH units feature nice OPEN FLOOR plans with 2 LEVEL LIVING and ENORMOUS separate BASEMENT AREAS! This pristinely maintained home was built in 1990. Owners unit upgrades include : A modern kitchen with a porcelain tile floor, Quartzite countertops, Italian glass tile backsplash and stainless steel appliances; upgraded bathrooms with marble tile floors and Quartzite vanity in 2nd floor bathroom; Solid oak floors in 2nd floor rooms and on stairs (1st floor living room and dining room have engineered wood floors). The property has a large backyard you can overlook on your PERSONAL DECK that is lead out by SLIDING GLASS DOORS off the living room! MAKE WAKEFIELD YOUR HOME TODAY! Please submit offers by Tuesday, October 27th, by 5pm. Please make offers good for at least 24 hours.

Last Agent to Sell the Property

Michael Cohen

Compass Listed on: 10/23/2015

Compass

Last Buyer's Agent

Joe Freitas

Coldwell Banker Realty - Andovers/Readings Regional

Coldwell Banker Realty - Andovers/Readings Regional

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,230

Year Built

1989

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1989

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Shopping, Park, Highway Access
  • Electric: Circuit Breakers
  • Flooring: Wood, Tile, Wall to Wall Carpet, Hardwood
  • Basement: Full, Sump Pump

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Deck, Storage Shed, Fenced Yard
  • Foundation: Poured Concrete

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:000030 B:0079 P:00A48E
  • Zoning: GR

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 2
  • Total Full Baths: 4
  • Total Levels: 2
  • Total Rms: 12
  • Total Rent_1: 1675

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2020
Sold by
Rebelo Dionisio A and Rebelo Maria E
Bought by
5-7 Third Street T
Current Estimated Value
$1,000,383

Purchase Details

Closed on
Sep 30, 1997
Sold by
Skakoon James G
Bought by
Dergarabedian Daniel and Dergarabedian Cormier-Dergarabedia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 1990
Sold by
Better Home Rt-Wake
Bought by
Nvhs Management Servic
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Deed $245,000 --
Deed $301,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $483,405 VA
Previous Owner $490,320 VA
Previous Owner $297,000 No Value Available
Previous Owner $196,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2015 12/04/15 Sold $598,500 -0.2% $231 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $599,900 +25.0% $231 / Sq Ft
08/16/2013 08/16/13 Sold $480,000 +6.7% $185 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $449,900 -- $174 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,230 $989,400 $366,200 $623,200
2024 $11,067 $983,700 $364,100 $619,600
2023 $10,523 $897,100 $332,000 $565,100
2022 $10,068 $817,200 $302,400 $514,800
2021 $9,549 $750,100 $281,900 $468,200
2020 $8,954 $701,200 $263,500 $437,700
2019 $8,555 $666,800 $250,600 $416,200
2018 $7,964 $615,000 $231,100 $383,900
2017 $7,490 $574,800 $216,000 $358,800
2016 $6,645 $492,600 $204,300 $288,300
2015 $6,206 $460,400 $190,900 $269,500
2014 $5,230 $409,200 $183,600 $225,600
Source: Public Records

Agents Affiliated with this Home

  • Michael Cohen

    Seller's Agent in 2015

    Michael Cohen

    Compass

    (617) 852-1160

    55 Total Sales

    Section Image
  • Joe Freitas

    Buyer's Agent in 2015

    Joe Freitas

    Coldwell Banker Realty - Andovers/Readings Regional

    (978) 790-6826

    24 Total Sales

    Section Image
  • Erica Covelle

    Seller's Agent in 2013

    Erica Covelle

    Compass

    (617) 962-1591

    4 in this area

    179 Total Sales

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71923420

MLS Property Information Network (MLS PIN)

APN: WAKE-000030-000079-A000000-000048E

Massachusetts Middlesex County Wakefield 01880 Montrose

5-7 3rd St, Wakefield, MA

This home is located at 5-7 3rd St, Wakefield, MA 01880 and is currently priced at $598,500, approximately $230 per square foot. This property was built in 1989. 5-7 3rd St is a home located in Middlesex County with nearby schools including Wakefield Memorial High School, St Joseph School, and Odyssey Day School.

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