CompCasa Property Analysis · single_family

1 Ossipee Lane

Stunning 4-Bed Colonial with Lake Views and Modern Finishes

New construction Lakeside colonial — elevated site, contemporary comforts

4 beds4 baths3,444 sq ftBuilt 20250.39 acres2-car attached
CompCasa valuation analysis
Estimated market value
$1,500,000
Low $1,400,000 · Midpoint $1,500,000 · High $1,600,000
Confidence85%Sales comparison approach
Last recorded sale$1,499,000Jun 15, 2025
CompCasa estimate$1,500,000Mar 11, 2026
Estimate vs. last recorded sale+$1,000 / +0.1%
$1,400,000$1,500,000 midpoint$1,600,000
Price / sq ft$435
Median sale price$850,000
Avg days on market30 days
Inventory2.5 months

Sales comparison approach using recent sales of similar new construction homes in Wakefield. Adjusted for lake views and modern amenities.

About the property

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$1,499,000
Property address2 Ossipee Lane, Wakefield, MA 01880
4 bed4 bath3,444 sq ftBuilt 20250.1 mi16,988 sq ft lot$435/SF
Sold Jun 15, 2025
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteSimilar new construction with lake views
02Sold price$1,250,000
Property address1 Overlook Road, Wakefield, MA 01880
4 bed2 bath2,782 sq ftBuilt 20230.5 mi9,583 sq ft lot$449/SF
Sold Jun 1, 2024
Subject difference
  • 662 SF smaller
  • 2 fewer bathrooms
  • 7,405 SF smaller lot
  • 2 years older
Research comparison noteNewly renovated 2-family home with modern features
03Sold price$735,000
Property address1 Orsini Drive, Wakefield, MA 01880
3 bed3 bath1,960 sq ftBuilt 19800.7 mi12,197 sq ft lot$375/SF
Sold May 15, 2023
Subject difference
  • 1,484 SF smaller
  • 1 fewer bedroom
  • 1 fewer bathroom
  • 4,791 SF smaller lot
  • 45 years older
Research comparison noteWell-maintained split-level home with updates
Comp methodology: Comparable sales and rentals selected based on proximity, size, and similarity in features to subject property.
Property details

A 2025 colonial on 0.39 acres.

Building

Year built2025
ConstructionWood Frame
RoofAsphalt Shingle
Heatingforced air gas
Coolingcentral AC

Site & utilities

Lot size0.39 acres
Garage2-car attached
Stories2
ConditionNew
BasementFull Unfinished
FireplaceYes
Improvement notes4 bedrooms, 4 bathrooms, hardwood floors, modern kitchen with stainless steel appliances, energy-efficient windows
Lot area16,988 sq ft
TopographyElevated
FrontageLocated at the end of a cul-de-sac
ParkingAttached Garage And Driveway
Parking spaces4
Parking notes2-car attached garage plus driveway parking
AccessPrivate driveway from Ossipee Lane
WaterMunicipal
SewerMunicipal
ElectricNational Grid
GasNational Grid
Location & nearby

Lakeside

Researched nearby locations

Lake Quannapowitt (0.2 mi)
Downtown Wakefield (1 mi)
Wakefield Common (1.2 mi)
Greenwood Plaza (2 mi)
Wakefield Memorial High School (1.5 mi)

Location

1 Ossipee Lane, Wakefield, MA 01880

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryGreenwood Elementary School (8/10)
Middle schoolGalvin Middle School (7/10)
High schoolWakefield Memorial High School (7/10)
School districtWakefield Public Schools
Market context

A factual market snapshot around 1 Ossipee Lane.

Median sale price$850,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

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.

Zoning & land use

Single Residence

Zoning

Zoning codeSR
DescriptionSingle Residence
JurisdictionTown of Wakefield
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 30', side 15', rear 25'

Research-indicated uses

  • Single Family Residential
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Sale history

2025-06-15$1,499,000 · $435/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$6,057/mo
Property address1 Garden Lane, Wakefield, MA 01880
4 bed4 bath3,444 sq ft$1.74/SF
Leased Aug 1, 2025
Subject difference
  • Same living area
Research comparison noteSimilar size and amenities, located nearby
Research findings & due diligence

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
Highlights & features

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Listing for 2 Ossipee Lane, Wakefield, MA 01880View source
2
Listing for 1 Overlook Road, Wakefield, MA 01880View source
3
Listing for 1 Orsini Drive, Wakefield, MA 01880View source
4
Zillow listing for 7 Ossipee Lane, Wakefield, MA 01880View source
5
Information about the Lakeside neighborhood in Wakefield, MAView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.