Terrace Condominium sits at 3 Richardson St in Wakefield, MA. This low-rise building consists of 1 story and contains 57 units. Built in 1971, it has a solid structure and offers a variety of unit sizes ranging from 930 to 1,030 square feet. Residents can find options with either one or two bedrooms.
Recent prices show a range from $360,000 to $395,500. The lowest sold price in the last 12 months was around $345,000, while the average closed price is about $347,500. The average price per square foot is $413. Units typically spend around 50 days on the market.
Amenities enhance daily life in this condominium. Residents can enjoy laundry facilities, a pool, and tennis courts. Nearby, there are parks, golf courses, and bike paths for outdoor activities. Highway access, public transportation, and services like schools and places of worship are also close by.
The building enjoys proximity to local eateries like Ristorante Molise. This adds convenience for dining options. The area provides a well-rounded selection of services and activities for residents. Overall, it's a comfortable place to live with ample amenities and an engaging neighborhood.
In summary, Terrace Condominium offers modern living with practical amenities. Its location near parks, transportation, and dining makes it appealing. The building combines a solid structure with a welcoming community atmosphere.
Terrace Condominium sits at 3 Richardson St in Wakefield, MA. This low-rise building consists of 1 story and contains 57 units. Built in 1971, it has a solid structure and offers a variety of unit sizes ranging from 930 to 1,030 square feet. Residents can find options with either one or two bedrooms.
Recent prices show a range from $360,000 to $395,500. The lowest sold price in the last 12 months was around $345,000, while the average closed price is about $347,500. The average price per square foot is $413. Units typically spend around 50 days on the market.
Amenities enhance daily life in this condominium. Residents can enjoy laundry facilities, a pool, and tennis courts. Nearby, there are parks, golf courses, and bike paths for outdoor activities. Highway access, public transportation, and services like schools and places of worship are also close by.
The building enjoys proximity to local eateries like Ristorante Molise. This adds convenience for dining options. The area provides a well-rounded selection of services and activities for residents. Overall, it's a comfortable place to live with ample amenities and an engaging neighborhood.
In summary, Terrace Condominium offers modern living with practical amenities. Its location near parks, transportation, and dining makes it appealing. The building combines a solid structure with a welcoming community atmosphere.
Description
Terrace Condominium sits at 3 Richardson St in Wakefield, MA. This low-rise building consists of 1 story and contains 57 units. Built in 1971, it has a solid structure and offers a variety of unit sizes ranging from 930 to 1,030 square feet. Residents can find options with either one or two bedrooms.
Recent prices show a range from $360,000 to $395,500. The lowest sold price in the last 12 months was around $345,000, while the average closed price is about $347,500. The average price per square foot is $413. Units typically spend around 50 days on the market.
Amenities enhance daily life in this condominium. Residents can enjoy laundry facilities, a pool, and tennis courts. Nearby, there are parks, golf courses, and bike paths for outdoor activities. Highway access, public transportation, and services like schools and places of worship are also close by.
The building enjoys proximity to local eateries like Ristorante Molise. This adds convenience for dining options. The area provides a well-rounded selection of services and activities for residents. Overall, it's a comfortable place to live with ample amenities and an engaging neighborhood.
In summary, Terrace Condominium offers modern living with practical amenities. Its location near parks, transportation, and dining makes it appealing. The building combines a solid structure with a welcoming community atmosphere.
Terrace Condominium Key Stats Last 12 months
Avg. Listed Price-
Avg. Sale Price$347,500($413/Sqft.)
Year over year list price0.00%
Year over year sale price6.92%
Total Listings0 Listed
Total sold2 Sold
Average Days on Market50 days
Average HOA fees per sqft$2 /monthly
Key Stats
Year over year list price0.00%
Year over year sale price6.92%
Total Listings0 Listed
Total sold2 Sold
Average Days on Market50 days
Average HOA fees per sqft$2 /monthly
Glen Gardens Estate Availability & Demand
Unit Availability
-
High availability buildings list units frequently.
Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.
Unit Demand
-
Units in high-demand buildings sell quicker.
Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.
What makes life at the Terrace truly special are the fantastic amenities accessible to residents. Picture yourself unwinding by the sparkling pool on hot summer days or challenging neighbors to a friendly tennis match. If you’re out for a jog, nearby bike paths and parks feature beautiful scenery, encouraging a healthy, outdoor lifestyle. The building provides essential amenities like hot water and laundry facilities, plus other perks like stable access for horse lovers and proximity to fantastic public transportation options. Whether you’re lounging in the garden area or spending time at the conservation park, you'll find plenty of opportunities to relax and have fun.
Amenities Description
What makes life at the Terrace truly special are the fantastic amenities accessible to residents. Picture yourself unwinding by the sparkling pool on hot summer days or challenging neighbors to a friendly tennis match. If you’re out for a jog, nearby bike paths and parks feature beautiful scenery, encouraging a healthy, outdoor lifestyle. The building provides essential amenities like hot water and laundry facilities, plus other perks like stable access for horse lovers and proximity to fantastic public transportation options. Whether you’re lounging in the garden area or spending time at the conservation park, you'll find plenty of opportunities to relax and have fun.
Parking
Locker
Concierge
Elevator(s)
Central AC
Pool
Fitness Center
-
Visitors Parking
Amenities
Security System
Laundry
Tennis Court(s)
Patio
Balcony
Pool
Policies
One of the best parts about Terrace Condominium is its welcoming atmosphere, as the building policies are designed to enhance communal living. You can feel at ease knowing that there are clear guidelines in place to ensure a pleasant living experience for everyone. Ghosts of restrictions are kept at bay here, allowing you to truly make the space your own!
Amenities Description
One of the best parts about Terrace Condominium is its welcoming atmosphere, as the building policies are designed to enhance communal living. You can feel at ease knowing that there are clear guidelines in place to ensure a pleasant living experience for everyone. Ghosts of restrictions are kept at bay here, allowing you to truly make the space your own!
Pet Allowed
BBQ Permitted
Sublet Allowed
Short-term Rental Allowed
Compare with Buildings in the Neighbourhood (Last 12 Months)
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
Building Name
Avg price per square foot
AVG HOA FEE per square foot (Monthly)
Terrace Condominium
$413/sqft.
$2 /sqft.
3 Richardson St
$428/sqft.
$2 /sqft.
WAKEFIELD LANDING
$691/sqft.
$3 /sqft.
Richardson Street Condominium
$524/sqft.
$2 /sqft.
16 Richardson St
$524/sqft.
$2 /sqft.
14 W Water St
$669/sqft.
$3 /sqft.
Nearby Schools
Terrace Condominium is located in , Wakefield, with 12+ schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.
Galvin Middle School
B
Public|Grades 5–8
525 Main St|0.14 miles away
Early Childhood Center at the Doyle School
--
Public|Grades PK–PK
11 Paul Ave|0.82 miles away
Woodville School
C-
Public|Grades KG–4
30 Farm St|0.93 miles away
Wakefield Memorial High School
B+
Public|Grades 9–12
60 Farm St|0.95 miles away
Walton
D
Public|Grades KG–4
18 Davidson Rd|1.02 miles away
Dolbeare
A-
Public|Grades KG–4
340 Lowell St|1.29 miles away
Schools
What to know about schools
Description
Terrace Condominium is located in , Wakefield, with 12+ schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.
Galvin Middle School
B
Public|Grades 5–8
525 Main St|Less than 1 Mile Away
Early Childhood Center at the Doyle School
--
Public|Grades PK–PK
11 Paul Ave|Less than 1 Mile Away
Woodville School
C-
Public|Grades KG–4
30 Farm St|Less than 1 Mile Away
Wakefield Memorial High School
B+
Public|Grades 9–12
60 Farm St|Less than 1 Mile Away
Walton
D
Public|Grades KG–4
18 Davidson Rd|1.02 Miles Away
Dolbeare
A-
Public|Grades KG–4
340 Lowell St|1.29 Miles Away
Northeast Metro Regional Vocational
D-
Public|Grades 9–12
100 Hemlock Rd|1.29 Miles Away
Greenwood
A-
Public|Grades KG–4
1030 Main St|1.36 Miles Away
Odyssey Day School
--
Private|Grades PK–8
2 Audubon Rd|1.66 Miles Away
Central Middle School
A
Public|Grades 5–8
101 Central St|1.77 Miles Away
Kinder Care Learning Center
--
Private|Grades PK–KG
136 Franklin St|1.94 Miles Away
St Patrick Elementary School
--
Private|Grades PK–8
20 Pleasant St|1.95 Miles Away
Transit
With nearby public transportation, Terrace Condominium offers strong connectivity across Wakefield. Access to Bus, Rail within a 2-mile radius supports efficient commuting. Reliable transit routes improve travel convenience for residents. This location provides practical urban accessibility.
159 Main St opp Collincote St
1.74 miles away|34 min walk
814 Main St
0.9 miles away|18 min walk
Cordis St @ Court St
1.07 miles away|21 min walk
Cordis St @ Vernon St
1.1 miles away|22 min walk
Greenwood
1.18 miles away|23 min walk
Greenwood - Main St @ Forest St
1.1 miles away|22 min walk
Transit
What to know about transit
Description
With nearby public transportation, Terrace Condominium offers strong connectivity across Wakefield. Access to Bus, Rail within a 2-mile radius supports efficient commuting. Reliable transit routes improve travel convenience for residents. This location provides practical urban accessibility.
This neighborhood indicates a good mix of people which makes it a good place for families. About 15.95% are children aged 0–14, 15.06% are young adults between 15–29, 22.18% are adults aged 30–44, 23.36% are in the 45–59 range and 23.45% are seniors aged 60 and above.
Commuting options are also varying where 74.15% of residents relying on driving, while others prefer public transit around 8.25%, walking around 3.2%, biking around 0.04%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 65.83% of units owner occupied and 34.17% are rented.
The neighborhood offers different household types. About 25.07% are single family homes and 5.75% are multi family units. Around 33.69% are single-person households, while 66.31% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 30.02% of residents have bachelor’s degrees. Around 22.55% have high school or college education. Another 8.35% hold diplomas while 22.17% have completed postgraduate studies. The remaining are 16.91% with other types of qualifications.
Demographics Description
This neighborhood indicates a good mix of people which makes it a good place for families. About 15.95% are children aged 0–14, 15.06% are young adults between 15–29, 22.18% are adults aged 30–44, 23.36% are in the 45–59 range and 23.45% are seniors aged 60 and above.
Commuting options are also varying where 74.15% of residents relying on driving, while others prefer public transit around 8.25%, walking around 3.2%, biking around 0.04%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 65.83% of units owner occupied and 34.17% are rented.
The neighborhood offers different household types. About 25.07% are single family homes and 5.75% are multi family units. Around 33.69% are single-person households, while 66.31% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 30.02% of residents have bachelor’s degrees. Around 22.55% have high school or college education. Another 8.35% hold diplomas while 22.17% have completed postgraduate studies. The remaining are 16.91% with other types of qualifications.
Age Demographics
0–14 Years
15.95%
15–29 Years
15.06%
30–44 Years
22.18%
45–59 Years
23.36%
60+ Years
23.45%
Commute
8.25%
Transit
3.2%
Walk
74.15%
Drive
0.04%
Bike
Housing Ownership
65.83%
Owner Occupied
34.17%
Rental Units
Household Types
Single Family
25.07%
Multi Family
5.75%
Single Person
33.69%
Multi Person
66.31%
Average Income
Household:$10,230,040.24 /yr
Individual:$5,727,414.03 /yr
Education
Bachelors Degree30.02%
High School College22.55%
Diploma8.35%
Post Graduate22.17%
Others16.91%
Education
Diploma8.35%
Post Graduate22.17%
Others16.91%
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