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Wakefield 01880
1221 Main St
$520,000
● House - Off Market

1221 Main St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,524 Ft²
$711,903
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

Welcome Home! This 3 bed, 1 and 3/4 bath Cape located on a corner lot in a convenient Greenwood location is ready and waiting for its newest owners!  Once inside guests will be pleasantly surprised by the spacious living room/dining room with fireplace that has French doors leading to 3 season porch and quaint deck!  First floor also has a 1st floor bedroom (currently being used as a den), a spacious eat in kitchen with lots of cabinets and a ¾ bath off of it. Second floor offers 2 spacious bedrooms with large closets and a full bath. Master bedroom has a door to storage over the garage-perfect for future expansion. Basement has a finished family room with a fireplace and a work room. Close proximity to train, commuter routes and area amenities make this home an opportunity not to be missed!
Unit Size
1,524 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$328
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1941

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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 #72553167)

Price History

Date / Event Date Event Price
Oct 15, 2019 Sold
Premium
Sold
Aug 21, 2019 Listed by Coldwell Banker Residential Brokerage - Winchester $499,900
Listed by Coldwell Banker Residential Brokerage - Winchester
Nov 4, 2016 Sold
Premium
Sold
Aug 25, 2016 Listed by Coldwell Banker Residential Brokerage - Winchester $468,800
Listed by Coldwell Banker Residential Brokerage - Winchester

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,463
  • Total Building Area: 1,658
  • Gross Building Area: 3,576
  • Building Area: 1,658
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,658
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 17749B
  • Land Acres: 0000000240
  • 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: 55520
  • District: 305
  • Parcel: WAKE M:000027 B:0143 P:00122+
  • Block: 143
  • Municipality: WAKEFIELD
  • Latitude: 42.4756
  • Longitude: -71.0621

    Address

  • Full Address: 1221 Main St
  • Address - House Number: 1221
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C016
  • 4-Digit Zip Code: 4107
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $758,000

    Appraisal Valuation

  • Standard Deviation: 0.1562
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 733,964
  • High Value: 848,670
  • Low Value: 619,258

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $673,800
  • Assessed Land Value: $346,200
  • Assessed Improvements Value: $327,600

    Sales

  • Current Sale Contract Date: Aug 30, 2019
  • Current Sale Recording Date: Oct 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1825862
  • Previous Sale Recording Date: Nov 04, 2016
  • Previous Sale Amount: $446,000
  • Previous Sale Document Type: O
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72553167

Frequently Asked Questions

When was property at 1221 Main Street built and last sold?
The property at 1221 Main Street was built in 1941 and last sold on Aug 30, 2019 for $520,000.
How much is this home worth?
The estimated value of the home located at 1221 Main Street is $516,466.
What are some comparable homes to 1221 Main Street?
There are currently no comparable homes to 1221 Main Street.
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