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Single Family ResidenceResidential
$1,017,851$400 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $600,000 on Jan 2, 2018

488 WATER ST

WAKEFIELD, MA 01880
3
Beds
2.5
Baths
2,547 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.28 ac
Lot SizeThe size of the land the home sits on, from county records.
1975
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$1M
$954K low$1.1M high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$600,000 · Jan 2, 2018

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$9,189 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$809,600 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$363,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$446,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$904,305

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Raised Ranch
CountyMIDDLESEX
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1980
Lot (acres)The size of the land the home sits on, from county records.0.28
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Hot Water
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Basement
PoolWhether the property has a pool, and what kind, such as in-ground.Yes

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Woodville Elementary SchoolA-
Elementary · Grades KG–4 · 0.2 mi
H
Wakefield Memorial High SchoolB+
High · Grades 9–12 · 0.3 mi
M
Galvin Middle SchoolB+
Middle · Grades 5–8 · 1.3 mi

District: Wakefield School District

Neighborhood · ZIP 01880These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.71
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.99
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.84

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.33%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.27,541
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,469 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$128,797
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$156,919
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.48 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

488 Water St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 86% of homes in Wakefield 01880
  • Costs less per square foot than 69% of homes in Wakefield 01880
  • Bigger than 79% of homes in Wakefield 01880
  • Newer than 74% of homes in Wakefield 01880

What homes are worth in Wakefield 01880

Each bar is how many homes fall in that price range. The marker is this home.

This home
$371K$1.4M

This home is worth more than 86% of homes in Wakefield 01880.

How it measures up in Wakefield 01880

The dot is this home. The mark in the middle is the typical home in Wakefield 01880.

Estimated value$1,017,851
CheaperTypical $780,809Pricier

Pricier than 86% of homes nearby

Price per ft²$400
CheaperTypical $440Pricier

Pricier than 31% of homes nearby

Living area2,547 ft²
SmallerTypical 1,875 ft²Bigger

Bigger than 79% of homes nearby

Lot size0.28 ac
SmallerTypical 0.27 acBigger

Bigger than 51% of homes nearby

Year built1975
OlderTypical 1951Newer

Newer than 74% of homes nearby

How 488 Water St ranks against every home in each area.
MeasureThis homeWakefield 01880Middlesex County
Estimated valuepricier than$1,017,85186% of homes72% of homes
Price per ft²pricier than$40031% of homes34% of homes
Living areabigger than2,547 ft²79% of homes75% of homes
Lot sizebigger than0.28 ac51% of homes46% of homes
Year builtnewer than197574% of homes68% of homes

About 488 Water St

How much is 488 Water St, Wakefield, MA worth?

The TopHap Estimate for 488 Water St, Wakefield, MA is $1,017,851 as of Oct 21, 2026. The likely range is $953,990 to $1,081,713. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 488 Water St, Wakefield, MA last sell?

488 Water St, Wakefield, MA last sold on Jan 2, 2018 for $600,000, according to the county's recorded deed.

How big is 488 Water St, Wakefield, MA?

488 Water St, Wakefield, MA has 3 bedrooms, 2.5 bathrooms, 2,547 square feet of living space and a 0.28-acre lot.

When was 488 Water St, Wakefield, MA built?

488 Water St, Wakefield, MA was built in 1975, making it 51 years old. It is a raised ranch home. The building has 1 story.

What schools serve 488 Water St, Wakefield, MA?

488 Water St, Wakefield, MA is assigned to Woodville Elementary School (elementary), rated A-; Wakefield Memorial High School (high), rated B+; Galvin Middle School (middle), rated B+. All sit in Wakefield School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 488 Water St, Wakefield, MA compare to other homes in Wakefield 01880?

Among the 8,755 homes in Wakefield 01880, it is worth more than 86% of them ($1,017,851 against a typical $780,809), its price per square foot is higher than 31% of them ($400 against a typical $440), it is bigger than 79% of them (2,547 ft² against a typical 1,875 ft²), its lot is bigger than 51% of them (0.28 ac against a typical 0.27 ac) and it is newer than 74% of them (1975 against a typical 1951). Measured against all of Middlesex County, it is worth more than 72% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 488 Water St, Wakefield, MA?

The 2025 property tax bill for 488 Water St, Wakefield, MA was $9,189. The county assessed it at $809,600.

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