294 Water St, Wakefield, MA, 01880
About This Home
MIX USE opportunity awaits! Choose your own path: rental income, commercial income or make it your own beautiful home! Is a low maintenance backyard one of your check off boxes? Here it is. Imagine creating your own outdoor space with greenery, florals and a gorgeous patio! Street front Unit 1 has been rented to small businesses in the past. It is a spacious size unit, steps up to second room that has a 1/3 bath and storage area off to the left. Unit 2 is a quaint, easy to take care of two bedroom, living and kitchen apartment with archways to give this space character. Get creative with this property! Make appointment today to view what it has to offer.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Foundation: Stone
- Roof: Shingle,Rubber
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Other (See Remarks)
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater,Water Heater,Range,Disposal
- Laundry features: Electric Dryer Hookup,Washer Hookup
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Features
- Door features: Storm Door(s)
- Window features: Insulated Windows
- Flooring: Tile,Vinyl,Carpet
- Finished area below ground: 806
- Finished area above ground: 1,195
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Wall Unit(s),3 or More
Interior Area
- Total structure area: 1,195
- Total interior livable area: 1,195 sqft
Property
Details
- Parcel number: 821638
- Zoning: SR
- Exclusions: Refridgerator,Washer,Dryer. See Inclusion/Exclusion Document
Features
- Exterior features: Rain Gutters,Storage,Fenced Yard
- Fencing: Fenced/Enclosed,Fenced
Lot
- Lot size: 3,058 sqft
- Features: Gentle Sloping
Parking
- Total spaces: 2
- Parking features: Paved Drive,Shared Driveway,Off Street,Paved
- Has uncovered spaces: Yes
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Inland Flooding
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,877 | $34,524 |
| Home Insurance * | $129 | $1,548 |
| Property Taxes | $76 | $912 |
| Electricity | $354 | $4,259 |
| Total | $3,436 | $41,232 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-09 | Listed for sale | $569,000 |
View on Zillow