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Wakefield 01880
123 Salem Street
$425,500
● House - Off Market

123 Salem Street

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,484 Ft²
$779,390
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Beautifully maintained true 4 bedroom cape on large level lot! Gleaming hardwood floors throughout and focal fireplace in living room. Formal dining room & living room with custom cabinet. Recently updated roof, Pella windows, and heating system! Spacious floor plan with fluid four season sunroom with convenient access to large deck that overlooks the pristine landscaped private back yard. Located just minutes away from Lake Quannapowitt and The Market Place in Lynnfield!   Additional interior photos will be available Friday, 6/13   ** Gas available on street ** Open House Saturday 12-2 & Sunday 1-3
Unit Size
1,484 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$290
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1948

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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: 6 months ago (MLSPIN #71696993)

Price History

Date / Event Date Event Price
Jul 22, 2014 Sold
Premium
Sold
Jun 11, 2014 Listed by RE/MAX Leading Edge $429,900
Listed by RE/MAX Leading Edge
Nov 30, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 908
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,732
  • Total Building Area: 1,484
  • Gross Building Area: 2,886
  • Building Area: 1,484
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000178
  • 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: 30947
  • District: 305
  • Parcel: WAKE M:000016 B:0251 P:00052K
  • Block: 251
  • Municipality: WAKEFIELD
  • Latitude: 42.512
  • Longitude: -71.0653

    Address

  • Full Address: 123 Salem St
  • Address - House Number: 123
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C025
  • 4-Digit Zip Code: 1936
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $760,700

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 727,658
  • High Value: 855,648
  • Low Value: 599,667

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $676,200
  • Assessed Land Value: $321,600
  • Assessed Improvements Value: $354,600

    Sales

  • Current Sale Recording Date: Jul 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 105281
  • Previous Sale Recording Date: Nov 30, 1994
  • Previous Sale Amount: $167,000
  • 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:

$775,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1986 ft²

Average Home Age

83.4 years

Currently For Sale

50 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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71696993

Frequently Asked Questions

When was property at 123 Salem Street built and last sold?
The property at 123 Salem Street was built in 1948 and last sold on Jan 1, 1970 for $425,500.
How much is this home worth?
The estimated value of the home located at 123 Salem Street is $443,046.
What are some comparable homes to 123 Salem Street?
There are currently no comparable homes to 123 Salem Street.
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