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Wakefield 01880
15 Cedar St
$661,000
● House - Off Market

15 Cedar St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$597,508
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Charming West Side Colonial conveniently located near the lake, train and major routes. Featuring lots of natural woodwork and nicely appointed with recently refinished hardwood floors. The large enclosed porch is heated, formal living and dining along with a built in hutch. Upstairs features three bedrooms and a cozy office. Corner lot with driveway access off the side street.   Bring your ideas, this one is ready for you to make your own.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$411
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
1918

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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 #72939039)

Price History

Date / Event Date Event Price
Jun 5, 2023 Sold
Premium
Sold
Mar 17, 2022 Sold
Premium
Sold
Feb 2, 2022 Listed by Keller Williams Realty-Merrimack $575,000
Listed by Keller Williams Realty-Merrimack

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 700
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,227
  • Total Building Area: 1,400
  • Gross Building Area: 2,463
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000327
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: GR

Geography

  • Account Number: 17890
  • District: 305
  • Parcel: WAKE M:000011 B:0141 P:00032E
  • Block: 141
  • Municipality: WAKEFIELD
  • Latitude: 42.5044
  • Longitude: -71.08

    Address

  • Full Address: 15 Cedar St
  • Address - House Number: 15
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C003
  • 4-Digit Zip Code: 2238
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $791,300

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 784,727
  • High Value: 921,272
  • Low Value: 648,182

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $703,400
  • Assessed Land Value: $425,900
  • Assessed Improvements Value: $277,500

    Sales

  • Current Sale Contract Date: Apr 18, 2023
  • Current Sale Recording Date: Jun 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59041
  • Previous Sale Recording Date: Mar 17, 2022
  • Previous Sale Contract Date: Mar 17, 2022
  • Previous Sale Amount: $661,000
  • 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:

$774,900

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2073 ft²

Average Home Age

82.9 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

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

$3,730 /mo

  • 2 Beds
  • 2 Baths
  • 1,238 ft²
200 Quannapowitt Parkway #B5, 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# 72939039

Frequently Asked Questions

When was property at 15 Cedar Street built and last sold?
The property at 15 Cedar Street was built in 1918 and last sold on Apr 18, 2023 for $896,000.
How much is this home worth?
The estimated value of the home located at 15 Cedar Street is $0.
What are some comparable homes to 15 Cedar Street?
There are currently no comparable homes to 15 Cedar Street.
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