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Wakefield Cape Retreat – 4BR, 2BA With Walk-Out Basement & Breezeway
Currency
$5832.5
Crypto
214.43 M Invastor Coins (INV)
Sold By: Regal
Join a group of 6 investors to co-own this inviting property at 42 Hancock Rd, Wakefield, MA. Priced at $699,900, each investor contributes $116,650, with a fully refundable 5% platform fee of $5,832.50. This charming 4-bedroom Gambrel Cape is nestled in the desirable Lakeside/Dolbeare School neighborhood, offering a chance to build equity through thoughtful updates. Payments are securely held in escrow, and the transaction is handled by a verified attorney. Don’t miss this opportunity to invest in a Wakefield classic!
Condition: New
Ships From: , Massachusetts, United States
Delivery Options: Local Pickup
Now available for co-ownership – Nestled in a quiet residential neighborhood in Wakefield, MA, this classic Cape-style home offers 1,710 sq ft of living space, 4 full-sized bedrooms, and a walk-out basement, perfect for flexible living, rental rotation, or shared seasonal use.
Property Overview
- Location: 42 Hancock Rd, Wakefield, MA
- Price: – $699,900 divided among [# of co-owners]
- Platform Fee: $5,832.50 5% (refundable if not completed)
- Style: Cape (built in 1950)
- Lot Size: 0.20 acres (8,925 sq ft)
- Garage: 1-car attached + 2 additional off-street spaces
Bedrooms
- Total: 4 bedrooms (2 on each floor)
- Primary Bedroom: 12x15 (180 sq ft) – first floor, hardwood
- Bedroom 2: 10x12 (120 sq ft) – first floor, hardwood
- Bedroom 3: 11x16 (176 sq ft) – second floor, hardwood
- Bedroom 4: 13x16 (208 sq ft) – second floor, hardwood
Bathrooms
- 2 Full Bathrooms
- One on each level, both with stone/ceramic tile flooring
Kitchen & Dining
- Kitchen: 11x12 (132 sq ft)
- Gas stove, laminate flooring, efficient layout
- Dining Room: 10x11 (110 sq ft)
- Hardwood floors, ideal for hosting or converting into an office/flex space
Living Space
- Living Room: 12x15 (180 sq ft)
- Hardwood floors, natural light throughout
- Other Features: Breezeway, storm doors, walk-out basement with sump pump
Systems & Utilities
- Heating: Forced Air (Oil)
- Water Heater: Gas
- Laundry: In basement – washer + gas dryer included
- Sewer/Water: Public
Outdoor Features
- Yard: Manageable, partially paved with mature landscaping
- Parking: 3 total spaces – paved driveway & garage
- Frontage: 90 ft
School District
- Elementary: Dolbeare School
- Community Features:
- Near public transport, trails, parks, Route 95 access, and schools
Financials
- Annual Property Tax: $7,931 (2025)
- No HOA Fees
Why Co-Own This Home?
This Wakefield Cape offers:
- A chance to own in an established Boston suburb without full-time costs
- Ideal layout for family visits, vacation rotation, or flexible shared living
- Easy access to public transport, highways, and green space
- A turnkey investment with original charm and solid construction