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Wakefield 01880
11 Otis St
$530,000
● House - Off Market

11 Otis St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,234 Ft²
$584,390
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Charming New England Colonial with farmers porch very convenient to downtown yet on a residential street. Enjoy breezy evenings on the covered front porch with natural stained ceiling and summer outings and barbecues on the rear deck. Upon entering, the front foyer has a pretty winding staircase leading upstairs. The foyer, living room and dining room are all generous in size and have natural woodwork. The updated, eat-in kitchen includes modern appliances and has access to the back deck. Three ample bedrooms on the second floor. The roof, windows and siding have been updated. There is a one car garage with additional parking out back.  This home is very convenient to the vibrant downtown Main Street Wakefield with all of its eclectic shops and eateries.  Schedule a private showing soon.
Unit Size
1,234 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$446
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
1880

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72995683)

Price History

Date / Event Date Event Price
Oct 4, 2022 Sold
Premium
Sold
Jun 9, 2022 Listed by Brad Hutchinson Real Estate $550,000
Listed by Brad Hutchinson Real Estate
Jun 24, 2003 Sold
Premium
Sold
Oct 31, 2000 Sold
Premium
Sold
Jul 15, 2000 Listed by Boardwalk Real Estate $279,900
Listed by Boardwalk Real Estate
PRISTINE COLONIAL LOADED WITH CHARM. HIGH CEILINGS, FRENCH DOOR BETWEEN LR & DR, GLEAMING HW FLOORS, PRETTY LR, BEAUTIFUL DR W/CUSTOM BUILT IN HUTCH. MANY NEWER WINDOWS. NEG: WASHER,DRYER,REFRIG. BASEMENT REFIG STAYS. COMMON DRWY
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 705
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,097
  • Total Building Area: 1,234
  • Gross Building Area: 2,473
  • Building Area: 1,234
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,234
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: GR

Geography

  • Account Number: 33072
  • District: 305
  • Parcel: WAKE M:000017 B:0105 P:000113
  • Block: 105
  • Municipality: WAKEFIELD
  • Latitude: 42.5049
  • Longitude: -71.0681

    Address

  • Full Address: 11 Otis St
  • Address - House Number: 11
  • Address - Street Name: Otis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C021
  • 4-Digit Zip Code: 2418
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $790,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.238
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 597,058
  • High Value: 739,209
  • Low Value: 454,907

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $702,400
  • Assessed Land Value: $369,400
  • Assessed Improvements Value: $333,000

    Sales

  • Current Sale Contract Date: Oct 03, 2022
  • Current Sale Recording Date: Oct 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 149743
  • Previous Sale Recording Date: Jul 08, 2014
  • 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

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1964 ft²

Average Home Age

72.4 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
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72995683

Frequently Asked Questions

When was property at 11 Otis Street built and last sold?
The property at 11 Otis Street was built in 1880 and last sold on Oct 3, 2022 for $530,000.
How much is this home worth?
The estimated value of the home located at 11 Otis Street is $557,372.
What are some comparable homes to 11 Otis Street?
There are currently no comparable homes to 11 Otis Street.
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