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Wakefield 01880
15 Forest Rd
$371,000
● House - Off Market

15 Forest Rd

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,584 Ft²
$609,304
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Outstanding opportunity for the savvy buyer. Pretty country like setting on quiet Greenwood private way a quick walk to the commuter rail and bus line.  The main floor was gutted to the studs in 2007, windows, kitchen, bath, electrical and plumbing  where all updated along with a first floor bedroom. The second floor has  four room with one large bedroom and a three room suite that could be converted in a grand master bedroom or home office. The second floor needs cosmetic work including the walls and ceilings but is well worth the effort. Lots of period details; fireplaced living room, crown molding and vintage pocket door add to  the charm of this quintessential New England home.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$221
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1910

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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 #71838227)

Price History

Date / Event Date Event Price
Jun 25, 2015 Sold
Premium
Sold
May 15, 2015 Listed by Barrett, Chris. J., REALTORS® $349,900
Listed by Barrett, Chris. J., REALTORS®
Mar 15, 2007 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,056
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,107
  • Total Building Area: 2,112
  • Gross Building Area: 3,422
  • Building Area: 2,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,112
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000186
  • 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: 43692
  • District: 305
  • Parcel: WAKE M:000022 B:0033 P:00027A
  • Block: 33
  • Municipality: WAKEFIELD
  • Latitude: 42.4832
  • Longitude: -71.0709

    Address

  • Full Address: 15 Forest Rd
  • Address - House Number: 15
  • Address - Street Name: Forest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C023
  • 4-Digit Zip Code: 3620
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $993,200

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 923,531
  • High Value: 1,085,801
  • Low Value: 761,262

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $882,800
  • Assessed Land Value: $362,700
  • Assessed Improvements Value: $520,100

    Sales

  • Current Sale Recording Date: Jun 25, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 99418
  • Previous Sale Recording Date: Mar 15, 2007
  • Previous Sale Amount: $277,777
  • 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:

$785,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1985 ft²

Average Home Age

71.4 years

Currently For Sale

48 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71838227

Frequently Asked Questions

When was property at 15 Forest Road built and last sold?
The property at 15 Forest Road was built in 1910 and last sold on Jan 1, 1970 for $371,000.
How much is this home worth?
The estimated value of the home located at 15 Forest Road is $376,964.
What are some comparable homes to 15 Forest Road?
There are currently no comparable homes to 15 Forest Road.
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