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Wakefield 01880
15 Chestnut St
$675,000
● House - Off Market

15 Chestnut St

Wakefield, MA 01880
bedrooms
8 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,857 Ft²
$1,327,778
RealtyHop Estimate
89.68%
Since Nov 1, 2013
MA-Boston
Primary Model

About This Property

Multi Family/Condos/Professional office possibilities. Why rent when you can own? This Stately, Single family home is zoned Residence R, [which allows thru Special Permit] a Home Occupancy Business.  A Spacious 6000 s.f. home which offers Gracious living, and Efficient working space. Family members and clients will have ample parking with10 off-street spaces plus on street parking.  Great Visibility, with short walk to train and downtown Wakefield. Start doing what is best for your Bottom line.
Unit Size
5,857 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$120
Property Type
House
Property Taxes
$773
HOA Dues
-
Year Built
1906

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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 months ago (MLSPIN #71411856)

Price History

Date / Event Date Event Price
Oct 4, 2013 Sold
Premium
Sold
Jul 19, 2012 Listed by Renaissance Real Estate Advisors $699,992
Listed by Renaissance Real Estate Advisors

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,168
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,552
  • Total Building Area: 4,819
  • Gross Building Area: 8,540
  • Building Area: 4,819
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 4,819
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000265
  • 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: 19730
  • District: 305
  • Parcel: WAKE M:000012 B:0266 P:000084
  • Block: 266
  • Municipality: WAKEFIELD
  • Latitude: 42.5037
  • Longitude: -71.0731

    Address

  • Full Address: 15 Chestnut St
  • Address - House Number: 15
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C013
  • 4-Digit Zip Code: 2312
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,444,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,354,446
  • High Value: 1,594,542
  • Low Value: 1,114,349

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,283,700
  • Assessed Land Value: $400,000
  • Assessed Improvements Value: $883,700

    Sales

  • Current Sale Recording Date: Oct 04, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1655639
  • Previous Sale Recording Date: Oct 04, 2013
  • Previous Sale Amount: $675,000
  • 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:

$779,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1927 ft²

Average Home Age

69.9 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

$4,425 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71411856

Frequently Asked Questions

When was property at 15 Chestnut Street built and last sold?
The property at 15 Chestnut Street was built in 1906 and last sold on Jan 1, 1970 for $675,000.
How much is this home worth?
The estimated value of the home located at 15 Chestnut Street is $706,992.
What are some comparable homes to 15 Chestnut Street?
There are currently no comparable homes to 15 Chestnut Street.
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