Active
31 Days on market
49A Chestnut St #3 Wakefield — Photo 1 of 42

49A Chestnut St #3 Wakefield — Photo 1 of 42

Recent Drop: $26,000

$875,000
$849,000

$849,000

Investment Analysis — 49A Chestnut St #3

Wakefield, MA 01880

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01880 carries an estimated $3,430/mo in gross rent — about a 2.08% cap rate and $17,681/yr in estimated NOI at the $849,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

1,736

Style

Condominium

Built

2021

Welcome to a stunning penthouse residence built in 2022 that combines modern luxury, exceptional convenience, and effortless New England living. This spacious 4-bedroom, 2.5-bath home features beautiful finishes throughout, with hardwood flooring, an inviting fireplace, and a thoughtfully designed open-concept layout. At the heart of the home is a spectacular waterfall-edge kitchen island, perfect for entertaining, along with a stylish open-concept bar area that adds an extra touch of sophistication. The spacious living and dining areas flow seamlessly together, creating the ideal setting for both everyday living and hosting guests. Step outside to your private, spacious deck—an exceptional extension of the living space and the perfect spot to enjoy morning coffee, unwind after work, or entertain on warm summer evenings. The penthouse lifestyle continues with dedicated basement storage, providing plenty of space for bikes, seasonal items, and everything in between. And the location is truly a commuter’s dream. Just walking distance to the train, making the commute to Boston remarkably easy, while also putting you close to the natural beauty and recreation of Lake Quannapowitt, scenic jogging trails, parks, restaurants and everything beautiful downtown Wakefield has to offer!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$875,000
Annual Taxes$8,981
HOA Fee$385

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms7
Fireplaces1
Flooring--
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningGR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Third
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
Second
Living RoomKitchenBathroom 1
Living Room
Lvl Second

Flooring - Hardwood

Kitchen
Lvl Second

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances

Master Bedroom
Lvl Third

Flooring - Hardwood

Bedroom 2
Lvl Third
Bedroom 3
Lvl Third

Flooring - Hardwood

Bedroom 4
Lvl Third

Flooring - Hardwood

Bathroom 1
Lvl Second
Bathroom 2
Lvl Third
Bathroom 3
Lvl Third

Property History

Price Drop
$849,000

Was $859,000

Sep 8, 2026

MLS® 73562393

Price Drop
$859,000

Was $875,000

Aug 26, 2026

MLS® 73562393

Listed
$875,000

Aug 12, 2026

MLS® 73562393

Listing Provided By

Listing Agent: Nick Motsis

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73562393