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Wakefield 01880
1 Myrtle Ave
$436,000
● House - Off Market

1 Myrtle Ave

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,099 Ft²
$660,348
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Picturesque Cape Cod home situated on a lovely corner lot. Step inside to feel the warmth & charm of the Updated Kitchen w/adjoining breakfast nook & step down family room.  Formal Dining room w/ hardwood flooring leads into the front to back Living room with 2 large picture windows, fireplace with charming new mantle & hardwood floors.Two Second floor bedrooms both with skylights & hardwood floors. Lower level is awaiting your finishing ideas. Quaint rear patio with great yard that has mature fir trees that boarder for privacy and garden area for your choosing. This owner has lovingly cared for & updated throughout her ownership!   Train station is around one corner and restaurants are located around the other with Equidistance to Wakefield & Melrose centers.
Unit Size
1,099 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$387
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1950

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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 #72197314)

Price History

Date / Event Date Event Price
Aug 22, 2017 Sold
Premium
Sold
Jul 13, 2017 Listed by Century 21 Commonwealth $424,900
Listed by Century 21 Commonwealth
Aug 31, 1999 Sold
Premium
Sold
Jun 23, 1999 Listed by Century 21 Commonwealth $219,000
Listed by Century 21 Commonwealth

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1961
  • 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: 19
  • 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: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,640
  • Total Building Area: 1,351
  • Gross Building Area: 2,399
  • Building Area: 1,351
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,351
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GERRIOR SQUARE
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335400

Zoning

  • Zoning: SR

Geography

  • Account Number: 50358
  • District: 305
  • Parcel: WAKE M:000025 B:0032 P:000021
  • Block: 32
  • Municipality: WAKEFIELD
  • Latitude: 42.4812
  • Longitude: -71.0674

    Address

  • Full Address: 1 Myrtle Ave
  • Address - House Number: 1
  • Address - Street Name: Myrtle
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C014
  • 4-Digit Zip Code: 4013
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $626,700

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 677,154
  • High Value: 799,508
  • Low Value: 554,799

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $557,100
  • Assessed Land Value: $339,500
  • Assessed Improvements Value: $217,600

    Sales

  • Current Sale Recording Date: Aug 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 134500
  • Previous Sale Recording Date: Aug 31, 1999
  • Previous Sale Amount: $219,000
  • 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:

$787,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1956 ft²

Average Home Age

73.3 years

Currently For Sale

49 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72197314

Frequently Asked Questions

When was property at 1 Myrtle Avenue built and last sold?
The property at 1 Myrtle Avenue was built in 1950 and last sold on Jan 1, 1970 for $436,000.
How much is this home worth?
The estimated value of the home located at 1 Myrtle Avenue is $438,541.
What are some comparable homes to 1 Myrtle Avenue?
There are currently no comparable homes to 1 Myrtle Avenue.
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