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Wakefield 01880
148 Elm St
$540,000
● House - Off Market

148 Elm St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,289 Ft²
$628,885
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

West Side location within walking distance to Walton Elementary School. Featuring white cabinetry, Corian counter top, dining room, large front porch which leads to a spacious living room inside. There is Oak flooring throughout the first floor and lots of natural woodwork. The basement is finished and has a full bath with shower and could be used as a 4th bedroom or nice family room! Newer hot water heater, roof 15+-, 20'x20' (approx.) brick patio, lots of thermo-pane windows. Sellers have been here 34+- years and have loved the home and location!
Unit Size
1,289 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$419
Property Type
House
Property Taxes
$502
HOA Dues
-
Year Built
1929

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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 years ago (MLSPIN #72816212)

Price History

Date / Event Date Event Price
May 18, 2021 Sold
Premium
Sold
Apr 16, 2021 Listed by Gamut Group LLC $539,900
Listed by Gamut Group LLC
Jun 16, 1987 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,896
  • Total Building Area: 1,973
  • Gross Building Area: 3,299
  • Building Area: 1,973
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,973
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000273
  • 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: 2701
  • District: 305
  • Parcel: WAKE M:000003 B:0073 P:0004D+
  • Block: 73
  • Municipality: WAKEFIELD
  • Latitude: 42.5092
  • Longitude: -71.0926

    Address

  • Full Address: 148 Elm St
  • Address - House Number: 148
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C019
  • 4-Digit Zip Code: 1445
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $666,500

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 700,961
  • High Value: 827,617
  • Low Value: 574,305

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $592,400
  • Assessed Land Value: $378,200
  • Assessed Improvements Value: $214,200

    Sales

  • Current Sale Contract Date: May 18, 2021
  • Current Sale Recording Date: May 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 113258
  • Previous Sale Recording Date: Jun 16, 1987
  • Previous Sale Amount: $143,000
  • 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:

$782,450

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1876 ft²

Average Home Age

66.7 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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$5,595 /mo

  • 3 Beds
  • 2 Baths
  • 1,445 ft²
200 Quannapowitt Parkway #C3B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72816212

Frequently Asked Questions

When was property at 148 Elm Street built and last sold?
The property at 148 Elm Street was built in 1929 and last sold on May 18, 2021 for $540,000.
How much is this home worth?
The estimated value of the home located at 148 Elm Street is $549,705.
What are some comparable homes to 148 Elm Street?
There are currently no comparable homes to 148 Elm Street.
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