Active Under Contract
9 Days on market
56 Chestnut St #3 Wakefield — Photo 1 of 33

56 Chestnut St #3 Wakefield — Photo 1 of 33

$359,900

20% down, 6.5% rate, 30-year fixed

Includes taxes, insurance and HOA. Estimate only.

Listing updated Nov 9, 2026

56 Chestnut St #3, Wakefield, MA 01880

Wakefield, MA 01880

Investor Analysis

Beds

1

Baths

1

SqFt

725

$/SqFt

$496

Style

Condominium

Built

1885

PRIME LOCATION IN THE HEART OF WAKEFIELD! You can own this renovated first floor condominium in a Victorian home with a private entrance for less than the cost of renting. Walk to Lake Quannapowitt, Commuter Rail Station, downtown restaurants and many shops. On summer days, enjoy the inground swimming pool shared by the condominium triplex. Unit features a spacious eat-in kitchen, living room and bedroom and a full bath. Beautiful high ceilings, crown molding, hardwood floors, built-in drawers, large windows, decorative fireplace and window seats add to its character. Newer 6 year old kitchen appliances, flooring and light fixture. New electric insert to fireplace makes the living room cozy. Good closet space and added bonus of storage in the exclusive basement. In-unit laundry. Enjoy the newer azek private deck off the kitchen overlooking the backyard for morning coffee. Plenty of space for gardeners and outdoor living. Chatter with passerbys while sitting in the enclosed front porch. Pet friendly building. Located .2 miles to commuter train station, half mile to the Lake and .5 miles to downtown shops, restaurants and all that in-town living has to offer!!! One car off-street parking in the back. Quick ride to Route 95. Low monthly maintenance fee.

Key facts

It was listed on November 2, 2026. The annual property taxes are $3,428 (2026 tax year). The condo fee is $140 per month, which includes water. Its asking price works out to $496 per square foot, 8% below the median of $539 among 22 condos listed in Wakefield, MA.

How it compares

Against 22 condos listed in Wakefield, MA, by asking price.

Price per sq ft
$496 · 8% below the median ($539)
Size
725 sq ft · 39% below the median (1,189 sq ft)
Asking price
$359,900 · 44% below the median ($647,450)

Compares asking prices of homes for sale now; it isn't an appraisal or an estimate of this home's value.

No longer available to tour

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$496/sqft
Local Avg (Wakefield)$541/sqft
8% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Wakefield, MA.

Property Details

Financials

Original Price$359,900
Annual Taxes$3,428
HOA Fee$140/mo

Parking

Garage--
Off-Street1

Interior Specifications

Total Rooms3
Fireplaces1
FlooringTile, Hardwood
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningGR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Laundromat

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBathroom 1

Living Room

Lvl First

16 x 14

Ceiling Fan(s), Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Crown Molding

Kitchen

Lvl First

12 x 12

Cathedral Ceiling(s), Dining Area, Deck - Exterior, Exterior Access, Stainless Steel Appliances, Lighting - Pendant, Flooring - Engineered Hardwood

Primary Bedroom

Lvl First

12 x 11

Closet, Flooring - Hardwood, Crown Molding, Pocket Door, Window Seat

Bathroom 1

Lvl First

Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Questions about this home

When was 56 Chestnut St #3, Wakefield listed?

56 Chestnut St #3, Wakefield was listed on November 2, 2026.

Has the price of 56 Chestnut St #3, Wakefield changed?

The price hasn't changed since it was listed at $359,900.

What are the property taxes for 56 Chestnut St #3, Wakefield?

The annual property taxes for 56 Chestnut St #3, Wakefield are $3,428 (2026 tax year).

What is the condo fee at 56 Chestnut St #3, Wakefield?

The condo fee is $140 per month, which includes water.

How does the price per square foot of 56 Chestnut St #3, Wakefield compare with other condos in Wakefield, MA?

56 Chestnut St #3, Wakefield is listed at $496 per square foot, 8% below the median of $539 among 22 condos listed in Wakefield, MA.

What is the status of 56 Chestnut St #3, Wakefield?

56 Chestnut St #3, Wakefield is under contract, and the MLS still lists it as active.

Population

27,793

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

29.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,876 housing units permitted in the last 12 months (+15% vs the prior 12 months) — 1,887 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Aug '26)

Listing Provided By

Listing Agent: Marina Tramontozzi

Listing Office: True North Realty

MLS® Number: 73597780