For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Wakefield 01880
10 Velma Rd
$772,500
● House - Off Market

10 Velma Rd

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,558 Ft²
$1,463,611
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

GRACIOUS, CUSTOM BUILT CENTER ENTRANCE COLONIAL is a ONE-OWNER HOME and is located in a TOP WEST SIDE Cul De Sac NEIGHBORHOOD.~ Quality Built by Gregorio Builders. - This Home has been Lovingly Cared For, has an Open Entry Foyer, Eat in Kitchen with Granite countertops, Custom Cherry Cabinets & Backsplash, Porcelain Tile Floor and Glass Doors leading to a 38 Ft long Deck. - Formal Dining Room has a Custom Built-In China Cabinet.- Solid Hardwood Floors.- Family Room off Kitchen - A  Gorgeous Level Back Yard with 20 x 45 Inground Pool - 2 x 6 Construction.~ This Home has the Perfect Layout, Yard, and Neighborhood that most Buyers Spend Years Looking For!
Unit Size
2,558 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$313
Property Type
House
Property Taxes
$639
HOA Dues
-
Year Built
1992

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #71729370)

Price History

Date / Event Date Event Price
Nov 19, 2014 Sold
Premium
Sold
Aug 14, 2014 Listed by Century 21 Commonwealth $799,900
Listed by Century 21 Commonwealth
Mar 11, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,417
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,129
  • Total Building Area: 2,558
  • Gross Building Area: 4,873
  • Building Area: 2,558
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,558
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000301
  • 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: 88356
  • District: 305
  • Parcel: WAKE M:000007 B:304B P:0032B2
  • Block: 304B
  • Municipality: WAKEFIELD
  • Latitude: 42.5039
  • Longitude: -71.0846

    Address

  • Full Address: 10 Velma Rd
  • Address - House Number: 10
  • Address - Street Name: Velma
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C022
  • 4-Digit Zip Code: 1500
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,313,200

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,222,926
  • High Value: 1,439,709
  • Low Value: 1,006,144

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,167,300
  • Assessed Land Value: $381,900
  • Assessed Improvements Value: $785,400

    Sales

  • Current Sale Recording Date: Nov 19, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 177657
  • Previous Sale Recording Date: Mar 11, 1992
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

$2,665 /mo

  • Studio
  • 1 Bath
  • 588 ft²
200 Quannapowitt Parkway #S3, 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# 71729370

Frequently Asked Questions

When was property at 10 Velma Road built and last sold?
The property at 10 Velma Road was built in 1992 and last sold on Jan 1, 1970 for $772,500.
How much is this home worth?
The estimated value of the home located at 10 Velma Road is $825,405.
What are some comparable homes to 10 Velma Road?
There are currently no comparable homes to 10 Velma Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Wakefield Homes for Sale
Wakefield Houses for Sale
Wakefield Condos for Sale
Wakefield Townhouses for Sale
Wakefield Multifamily for Sale
Wakefield Land for Sale
Wakefield Commercial for Sale
Wakefield Homes with Basements
Nearby Cities
Medford Homes for Sale
Peabody Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Reading Homes for Sale
Saugus Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Essex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Arlington Center Real Estate
Glenwood Real Estate
Cliftondale Real Estate
West Medford Real Estate
Nearby Counties
Medford Homes for Sale
Peabody Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Reading Homes for Sale
Saugus Homes for Sale
Top Real Estate Agents
Top Agents in Wakefield
Top Agents in 02155
Top Agents in Medford
Top Agents in Medford
Top Agents in Peabody
Top Agents in Peabody
Top Agents in 01960
Top Agents in 02148