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Wakefield 01880
15 Sumner Ave
$510,000
● House - Off Market

15 Sumner Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
984 Ft²
$466,576
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Welcome home to 15 Sumner Ave. Single level living located on a dead-end street in a dynamite location. This three bedroom, one bath ranch offers nice space and flow. Enter the home through the newly updated front steps into the fire-placed living room. Relax by the fireplace or watch your favorite TV show. The freshly painted large eat in kitchen offers great space and flow with updated cabinets and countertops. The first bedroom has electric baseboard heat and a large double closet. Two addition bedrooms are spacious, both with closets. Full bath completes the first floor. Huge unfinished basement has great space for storage and potential for additional finished space. Yard offers outdoor storage shed and nice space for entertaining.  Easy to show. Offers due Tuesday March 8th at noon.
Unit Size
984 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$456
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1952

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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 #72947576)

Price History

Date / Event Date Event Price
Mar 30, 2022 Sold
Premium
Sold
Mar 2, 2022 Listed by Leading Edge Real Estate $449,000
Listed by Leading Edge Real Estate
May 8, 2019 Sold
Premium
Sold
Jan 16, 2019 Listed by Leading Edge Real Estate $385,000
Listed by Leading Edge Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 972
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,947
  • Total Building Area: 984
  • Gross Building Area: 1,980
  • Building Area: 984
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 984
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000091
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335301

Zoning

  • Zoning: SR

Geography

  • Account Number: 63010
  • District: 305
  • Parcel: WAKE M:000031 B:0041 P:00114A
  • Block: 41
  • Municipality: WAKEFIELD
  • Latitude: 42.5016
  • Longitude: -71.0574

    Address

  • Full Address: 15 Sumner Ave
  • Address - House Number: 15
  • Address - Street Name: Sumner
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 3404
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $579,600

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 550,488
  • High Value: 652,938
  • Low Value: 448,037

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $515,200
  • Assessed Land Value: $323,100
  • Assessed Improvements Value: $192,100

    Sales

  • Current Sale Contract Date: Mar 30, 2022
  • Current Sale Recording Date: Mar 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47420
  • Previous Sale Recording Date: May 08, 2019
  • Previous Sale Contract Date: Apr 30, 2019
  • Previous Sale Amount: $390,000
  • 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:

$785,000

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1889 ft²

Average Home Age

68.4 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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72947576

Frequently Asked Questions

When was property at 15 Sumner Avenue built and last sold?
The property at 15 Sumner Avenue was built in 1952 and last sold on Mar 30, 2022 for $510,000.
How much is this home worth?
The estimated value of the home located at 15 Sumner Avenue is $455,469.
What are some comparable homes to 15 Sumner Avenue?
There are currently no comparable homes to 15 Sumner Avenue.
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