Sales comparison approach using recent sales of similar new construction homes in Wakefield. Adjusted for lake views and modern amenities.
Stunning 4-Bed Colonial with Lake Views and Modern Finishes
Perched at the end of a quiet cul-de-sac, 1 Ossipee Lane occupies an elevated 0.39-acre parcel that opens toward Lake Quannapowitt. Built in 2025, this 3,444 sq ft colonial delivers contemporary systems and traditional presence: a two-story silhouette, an attached two-car garage, and an entry sequence that leads to refined living spaces designed for everyday life and entertaining.
The interior showcases wide-plank hardwood across principal rooms and a contemporary kitchen fitted with stainless steel appliances and thoughtful storage. Multiple living areas include a formal room anchored by a fireplace and an open family/kitchen zone where sightlines extend to the backyard. Four bedrooms and four full baths are distributed across two levels, offering privacy and flexibility—ideal for a home office, guest suite, or primary bedroom with ensuite. Energy-efficient windows and central air ensure year-round comfort; a full unfinished basement offers scope for future expansion or a tailored fitness/media wing.
Outside, the property’s elevated siting provides scenic views toward the lake and a sense of separation from the bustle of town. Landscaping beds and a private driveway create welcoming curb presence; the cul-de-sac location reduces through-traffic and increases privacy. With municipal water and sewer, National Grid gas and electric, and modern construction techniques, the home balances low-maintenance living with longevity.
Located in Wakefield’s Lakeside neighborhood, the house is two blocks from Lake Quannapowitt’s walking trails and waterfront recreation and about a mile from downtown Wakefield’s shops and restaurants. Strong local schools, including Greenwood Elementary, Galvin Middle, and Wakefield Memorial High, make this an attractive choice for families. Recent nearby sales of comparable new construction reinforce the premium for lake-adjacent homes, positioning 1 Ossipee Lane as a compelling blend of new-build quality and neighborhood lifestyle.
See the properties helping shape the valuation.
Comparable sales
- Same living area
- Similar lot size
- Same year built
- 662 SF smaller
- 2 fewer bathrooms
- 7,405 SF smaller lot
- 2 years older
- 1,484 SF smaller
- 1 fewer bedroom
- 1 fewer bathroom
- 4,791 SF smaller lot
- 45 years older
A 2025 colonial on 0.39 acres.
Building
Site & utilities
Lakeside
Researched nearby locations
Location
1 Ossipee Lane, Wakefield, MA 01880
Lakeside in Wakefield is prized for direct access to Lake Quannapowitt’s waterfront trails, boating, and seasonal community events. Residents enjoy a small-town downtown one mile away with independent restaurants, coffee shops, and boutiques. The neighborhood attracts families drawn to well-rated Wakefield Public Schools and a strong civic life—farmers’ markets, summer concerts at the common, and easy commuting options to the greater Boston area. The balance of outdoor recreation and walkable neighborhood amenities creates a relaxed yet connected lifestyle.
Excellent access to Lake Quannapowitt (0.2 miles) with walking trails, waterfront recreation, and nearby parks; downtown amenities and community recreational programming are within easy reach.
A factual market snapshot around 1 Ossipee Lane.
Wakefield’s market remains firmly in seller-favorable territory: current inventory sits at approximately 2.5 months with average days on market near 30. Median sale price in the area is about $850,000, but lakeside single-family homes—and especially new construction—trade above that median. One proximate comp, 2 Ossipee Lane, sold in mid-2025 for $1,499,000 (roughly $435/sf), supporting a valuation range for this property between $1.4M and $1.6M and a midpoint near $1.5M. Year-over-year appreciation is modestly positive (~5% over 12 months) and cumulative five-year growth is roughly 25%, indicating steady demand and long-term gains.
For buyers: expect competitive showings and timely offers when a well-priced, move-in-ready home hits the market. For sellers and investors: new construction with lake access commands a premium and shows healthy rental demand—estimated rents near $6,000/month for comparable properties—making short-term holding or rental conversion viable. Watch inventory levels and mortgage rate movements; in this market, preparation and speed are the differentiators.
Single Residence
Zoning
Research-indicated uses
- Single Family Residential
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- Same living area
What the research supports — and what is still worth verifying.
Key findings
- Recent sale of neighboring property at 2 Ossipee Lane for $1,499,000
- Median sale price in Wakefield: $850,000
- Average days on market: 30, indicating a competitive market
- Proximity to Lake Quannapowitt offers recreational opportunities
- Well-rated schools contribute to neighborhood desirability
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm ownership details and mailing address
- Assess flood insurance requirements due to proximity to Lake Quannapowitt
- Verify property dimensions and lot boundaries
- Confirm utility connections and service providers
- Review any homeowners association (HOA) fees or restrictions
What stands out about this property.
Interior Features
- 4 bedrooms and 4 full bathrooms
- 3,444 square feet of living space
- Hardwood floors throughout principal rooms
- Contemporary kitchen with stainless steel appliances
- Fireplace in formal living area
- Central air conditioning
- Energy-efficient windows
- Full unfinished basement for future finish
Exterior & Lot
- 0.39-acre elevated lot
- Located at end of cul-de-sac
- Attached 2-car garage plus private driveway
- Scenic views toward Lake Quannapowitt
- Asphalt shingle roof
- Low-maintenance modern landscaping (new construction)
Location & Neighborhood
- Lakeside neighborhood, Wakefield, MA
- Lake Quannapowitt approximately 0.2 miles away
- Downtown Wakefield ~1 mile with shops and restaurants
- Well-rated Wakefield Public Schools
- Convenient access to Main Street (0.5 miles) and regional transit
Walkability & Recreation
- Walkability Rating: 65/100 — Some errands and amenities walkable
- Lake Quannapowitt walking trails and waterfront recreation (0.2 mi)
- Downtown dining and retail within 1 mile
- Neighborhood parks and green spaces nearby
- Community recreation and boating access at the lake
Sources & research confidence.
See where the property research came from and how confidence varies by field.