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Wakefield 01880
1 Drury Lane
Photo of 1 Drury Lane
Sold on Jul 30, 2004

1

Map

$385,000
● House - Off Market

1 Drury Lane

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,969 Ft²
$730,407
RealtyHop Estimate
87.33%
Since Aug 1, 2004
MA-Boston
Primary Model

About This Property

Spacious Ranch in desirable Lakeside neighborhood!  Just a short walk to beautiful Lake Quannapowitt. New kitchen 2002, fireplaced living room, Central A/C plus whole house fan. Large master bedroom  with half bath and separate first floor laundry room. Bright, enclosed 4 season surname.  All new windows, except for basement. Basement is very nicely finished with cabinets. Basement also has plumbing for sink.   Refrigerator in basement will stay. Lovely level yard and large one car garage.
Unit Size
1,969 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$198
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1950

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 5 months ago (MLSPIN #70023813)

Price History

Date / Event Date Event Price
Oct 27, 2010 Sold
Premium
Sold
Aug 12, 2010 Listed $389,900
Listed
Jul 30, 2004 Sold
Premium
Sold
Apr 23, 2004 Listed $389,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 877
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,365
  • Total Building Area: 2,083
  • Gross Building Area: 2,346
  • Building Area: 2,083
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,083
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REALTY CONST & ENGINEERING INC
  • Land Acres: 0000000215
  • 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: 75328
  • District: 305
  • Parcel: WAKE M:00014A B:0100 P:000B81
  • Block: 100
  • Municipality: WAKEFIELD
  • Latitude: 42.5192
  • Longitude: -71.0706

    Address

  • Full Address: 1 Drury Ln
  • Address - House Number: 1
  • Address - Street Name: Drury
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1700
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $710,800

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 746,756
  • High Value: 877,965
  • Low Value: 615,546

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,800
  • Assessed Land Value: $376,600
  • Assessed Improvements Value: $255,200

    Sales

  • Current Sale Recording Date: Oct 27, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00193755
  • Previous Sale Recording Date: Jul 30, 2004
  • Previous Sale Amount: $385,000
  • 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:

$779,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1915 ft²

Average Home Age

72.3 years

Currently For Sale

52 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

$5,370 /mo

  • 3 Beds
  • 2 Baths
  • 1,402 ft²
200 Quannapowitt Parkway #C4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70023813

Frequently Asked Questions

When was property at 1 Drury Lane built and last sold?
The property at 1 Drury Lane was built in 1950 and last sold on Jan 1, 1970 for $371,500.
How much is this home worth?
The estimated value of the home located at 1 Drury Lane is $411,825.
What are some comparable homes to 1 Drury Lane?
There are currently no comparable homes to 1 Drury Lane.
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