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Wakefield 01880
11 Grove Street
$690,000
● House - Off Market

11 Grove Street

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,269 Ft²
$804,885
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

Corner lot grand single-family home in desirable Wakefield neighborhood within one block of Main Street and only 0.5 miles to the Greenwood Commuter Rail. This home boasts over 3200 square feet of living area with 8+ rooms, 4+ bedrooms, and 2+ bathrooms. Brimming with classic charm including natural woodwork, an ornate fireplace, and hardwood floors this home is awaiting its next owner to make it their own. The opportunities are endless and the square footage provides opportunities to grow into the home as your family needs change. With a two-car garage, ample off-street parking, a partially finished basement, and a front screen porch -- this house is an incredible chance to make Wakefield your long-term home.
Unit Size
3,269 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$229
Property Type
House
Property Taxes
$705
HOA Dues
-
Year Built
1900

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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 #73047191)

Price History

Date / Event Date Event Price
Jan 19, 2023 Sold
Premium
Sold
Nov 18, 2022 In contract -
In contract
Oct 12, 2022 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $749,500
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 3
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,013
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 3,269
  • Gross Building Area: 4,202
  • Building Area: 3,269
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,269
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1102
  • County Land Use Code: 105

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • Account Number: 54017
  • District: 305
  • Parcel: WAKE M:000027 B:0205 P:000080
  • Block: 205
  • Municipality: WAKEFIELD
  • Latitude: 42.4769
  • Longitude: -71.0639

    Address

  • Full Address: 11 Grove St
  • Address - House Number: 11
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C014
  • 4-Digit Zip Code: 4222
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $929,000
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $825,800
  • Assessed Land Value: $384,300
  • Assessed Improvements Value: $441,500

    Sales

  • Current Sale Contract Date: Jan 18, 2023
  • Current Sale Recording Date: Jan 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 6216

    Financing

  • First Mortgage Financing Type: ADJ
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

1927 ft²

Average Home Age

69.9 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73047191

Frequently Asked Questions

When was property at 11 Grove Street built and last sold?
The property at 11 Grove Street was built in 1900 and last sold on Jan 18, 2023 for $690,000.
How much is this home worth?
The estimated value of the home located at 11 Grove Street is $786,609.
What are some comparable homes to 11 Grove Street?
There are currently no comparable homes to 11 Grove Street.
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