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.
Lakeside, located between Lake Quannapowitt and the Greenwood area, is a residential and lakeside Wakefield neighborhood with a shoreline loop and a commuter-rail edge. The neighborhood’s character concentrates along the Lake Quannapowitt path at the Main Street–Common Street gateway, where walkers, runners, and café stops set the daily rhythm. Housing reads as classic New England—Colonial and Cape-style homes, tidy porches, and mature trees—set on calm side streets that slope toward the water. The lakefront bandstand and boathouse lend a civic, outdoors-forward feel. Community pillars include the Beebe Memorial Library, the Wakefield Theatre, and the Albion Cultural Exchange for readings, films, and small-stage nights.
Provided by Walk Score and Local Logic
Market insights
16 Central St · $699,900
DAYS ON MARKET
31 days
The average home goes pending in 23 days.
SALE-TO-LIST
100.8%
Most homes are selling 1% above list price.
LIST PRICE
$699,900
Median sale price in this area is $843,256. (20% higher than this home)
PRICE DROP
2 price drops
22% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Home office
Full unfinished basement with interior entry and sump pump
Living room fireplace
Bedrooms
Master bedroom on first floor (approx. 16 x 15)
Second bedroom on first floor (approx. 15 x 12)
Third bedroom on first floor (approx. 13 x 10)
Bathrooms
One full bathroom on first floor (stone/ceramic tile flooring)
One half bathroom on first floor (stone/ceramic tile flooring)
Master bathroom available
Kitchen
Stone/granite or solid countertops
Stainless steel appliances
Gas stove
Oven
Range
Pendant lighting
Laminate flooring
Laundry & utility
Laundry located in the basement
Tankless water heater
Flooring
Hardwood flooring throughout main rooms
Tile flooring
Laminate flooring
Stone/ceramic tile in bathrooms
Heating & cooling
Baseboard heating
Natural gas heating
Exterior features
Enclosed porch
Patio
Above-ground private pool
Level lot with easements
Public road frontage
Home design
Single family residence
Grey exterior
Shingle roof
Parking
Five open parking spaces
Paved driveway and off-street parking
Construction
Frame construction
Concrete perimeter and block foundation
Year built (approximate, public records)
Utilities
Public water
Public sewer
Electric with circuit breakers
Gas available for range
HOA & community
Community has public transportation, shopping, parks, walk/jog trails, golf, bike path, highway access, private and public schools, and T-Station nearby
Not a senior community
Other
Lot size approximately 0.39 acre
Frontage length approx. 80 ft
Electricity and solar
View estimated energy costs and solar savings for this home