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Wakefield 01880
1 Morrison Rd
$395,000
● House - Off Market

1 Morrison Rd

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,347 Ft²
$725,865
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Nicely situated 7 room ,2 bedroom, 1.5 Cape in excellent West Side location, features updated Cherry kitchen with Sile Stone countertops, lovely fireplaced livingroom, big fenced-in yard, hardwood floors , Fresh paint and many more updates; See Additional Amenities Sheet. Located in great west side neighborhood convenient to highway, Walton School, and train.
Unit Size
1,347 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$297
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1947

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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: 4 months ago (MLSPIN #71659855)

Price History

Date / Event Date Event Price
Jun 27, 2014 Sold
Premium
Sold
Apr 11, 2014 Listed by Boardwalk Real Estate $399,900
Listed by Boardwalk Real Estate
Jun 27, 2003 Sold
Premium
Sold
Mar 19, 2003 Listed by Boardwalk Real Estate $364,900
Listed by Boardwalk Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 660
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,483
  • Total Building Area: 1,395
  • Gross Building Area: 2,554
  • Building Area: 1,395
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,395
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: SR

Geography

  • Account Number: 4010
  • District: 305
  • Parcel: WAKE M:000004 B:0017 P:00022B
  • Block: 17
  • Municipality: WAKEFIELD
  • Latitude: 42.5021
  • Longitude: -71.0906

    Address

  • Full Address: 1 Morrison Rd
  • Address - House Number: 1
  • Address - Street Name: Morrison
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C037
  • 4-Digit Zip Code: 2104
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $771,200

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 737,532
  • High Value: 867,260
  • Low Value: 607,805

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $685,500
  • Assessed Land Value: $377,800
  • Assessed Improvements Value: $307,700

    Sales

  • Current Sale Recording Date: Jun 27, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 89512
  • Previous Sale Recording Date: Jun 27, 2003
  • Previous Sale Amount: $349,600
  • 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:

$785,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1985 ft²

Average Home Age

71.4 years

Currently For Sale

48 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71659855

Frequently Asked Questions

When was property at 1 Morrison Road built and last sold?
The property at 1 Morrison Road was built in 1947 and last sold on Jan 1, 1970 for $395,000.
How much is this home worth?
The estimated value of the home located at 1 Morrison Road is $420,025.
What are some comparable homes to 1 Morrison Road?
There are currently no comparable homes to 1 Morrison Road.
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