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Wakefield 01880
10 Fairmount Avenue
$840,000
● House - Off Market

10 Fairmount Avenue

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,247 Ft²
$823,010
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Located in a desirable West Side neighborhood, this Mansard style home checks off so many boxes. Wonderfully maintained and with numerous updates make it move-in ready. High ceilings, period architecture, wood floors, and large windows nicely showcase its heritage alongside the newer eat-in-kitchen with birch cabinetry, granite counters and tile backsplash, two renovated full bathrooms, and updated systems. Amenities include central air, 2-car garage with storage area, two decks, garden area, enclosed 3-season porch, and large private yard. Just .3 miles to the commuter rail, about .5 miles to Lake Quannapowitt, close to downtown Wakefield and its restaurants and shopping, along with easy access to major routes.
Unit Size
2,247 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$369
Property Type
House
Property Taxes
$683
HOA Dues
-
Year Built
1850

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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 #73131112)

Price History

Date / Event Date Event Price
Aug 17, 2023 Sold
Premium
Sold
Jul 6, 2023 In contract -
In contract
Jun 30, 2023 Listed by William Raveis R.E. & Home Services $829,000
Listed by William Raveis R.E. & Home Services
Jun 11, 2008 Sold
Premium
Sold
Feb 26, 2008 Listed by William Raveis R.E. & Home Services $429,900
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1957
  • 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: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 977
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,122
  • Total Building Area: 2,247
  • Gross Building Area: 3,430
  • Building Area: 2,247
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,247
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • 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: 8299
  • District: 305
  • Parcel: WAKE M:000007 B:0059 P:000066
  • Block: 59
  • Municipality: WAKEFIELD
  • Latitude: 42.5028
  • Longitude: -71.0808

    Address

  • Full Address: 10 Fairmount Ave
  • Address - House Number: 10
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C003
  • 4-Digit Zip Code: 2216
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $859,300

    Appraisal Valuation

  • Standard Deviation: 0.2179
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 829,583
  • High Value: 1,010,399
  • Low Value: 648,768

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $763,800
  • Assessed Land Value: $391,900
  • Assessed Improvements Value: $371,900

    Sales

  • Current Sale Contract Date: Aug 17, 2023
  • Current Sale Recording Date: Aug 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92654
  • Previous Sale Recording Date: Jun 11, 2008
  • Previous Sale Amount: $425,000
  • 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:

$782,450

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1828 ft²

Average Home Age

65.7 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

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, 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# 73131112

Frequently Asked Questions

When was property at 10 Fairmount Avenue built and last sold?
The property at 10 Fairmount Avenue was built in 1850 and last sold on Aug 17, 2023 for $840,000.
How much is this home worth?
The estimated value of the home located at 10 Fairmount Avenue is $836,405.
What are some comparable homes to 10 Fairmount Avenue?
There are currently no comparable homes to 10 Fairmount Avenue.
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