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Wakefield 01880
7 Paon Circle
Photo of 7 Paon Circle
Sold on Jun 24, 2026

31

Map

Photo of 7 Paon Circle
Photo of 7 Paon Circle
$1,050,000
● House - Off Market

7 Paon Circle

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,991 Ft²
$5,065
Est. Monthly

About This Property

This deceptively spacious Cape offers the perfect blend of comfort, practicality, and opportunity. With four bedrooms and two full baths, the home features a flexible layout, generous living spaces, and true move-in-ready condition. Behind the scenes, the important improvements are already done by the current owner, including updated electrical, plumbing, heating system improvements including a new oil tank and central air - allowing the next owner to enjoy peace of mind while still having the opportunity to personalize and build future equity over time. Tucked away on a desirable cul-de-sac in a highly convenient location, just 2 miles from the commuter rail and downtown, and only a half mile from the elementary school, this home offers the perfect blend of comfort, accessibility, value, and lasting potential.
Unit Size
1,991 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$439
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73521868)

Price History

Date / Event Date Event Price
Jun 24, 2026 Sold
Premium
Sold
May 29, 2026 In contract -
In contract
May 20, 2026 Listed by William Raveis R.E. & Home Services $875,000
Listed by William Raveis R.E. & Home Services
Jan 21, 2022 Sold
Premium
Sold
Nov 10, 2021 Listed by William Raveis R.E. & Home Services $749,900
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,130
  • Total Building Area: 1,992
  • Gross Building Area: 3,190
  • Building Area: 1,992
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,992
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VETERANS PARK DEV
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: SR

Geography

  • Account Number: 76398
  • District: 305
  • Parcel: WAKE M:00014B B:0141 P:000N44
  • Block: 141
  • Municipality: WAKEFIELD
  • Latitude: 42.5229
  • Longitude: -71.0613

    Address

  • Full Address: 7 Paon Cir
  • Address - House Number: 7
  • Address - Street Name: Paon
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1117
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $791,000

    Appraisal Valuation

  • Standard Deviation: 0.2179
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 821,838
  • High Value: 1,000,965
  • Low Value: 642,711

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $703,100
  • Assessed Land Value: $374,300
  • Assessed Improvements Value: $328,800

    Sales

  • Current Sale Contract Date: Jan 21, 2022
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11708
  • Previous Sale Recording Date: Dec 30, 1997
  • Previous Sale Amount: $143,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wakefield

Stats & Trends

Median Asking:

$785,000

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1985 ft²

Average Home Age

71.4 years

Currently For Sale

48 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73521868

Frequently Asked Questions

When was property at 7 Paon Circle built and last sold?
The property at 7 Paon Circle was built in 1948 and last sold on Jan 21, 2022 for $748,000.
How much is this home worth?
The estimated value of the home located at 7 Paon Circle is $868,342.
What are some comparable homes to 7 Paon Circle?
There are currently no comparable homes to 7 Paon Circle.
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