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Wakefield 01880
16 Lake St
Photo of 16 Lake St
Sold on May 30, 2025

30

Map

Photo of 16 Lake St
Photo of 16 Lake St
$600,000
● House - Off Market

16 Lake St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,412 Ft²
$3,388
Est. Monthly
6.02%
Cap Rate

About This Property

Classic New England Colonial. Features 3 bedrooms, 1.5 baths in a convenient location close to commuter rail and town. Fenced level corner lot. Traditional layout includes hardwood in both the living room and formal dining rooms. Eat -in kitchen with pantry. Lots of original details including DR china cabinet, entry foyer staircase and enclosed front farmers porch. Three 2nd floor bedrooms all with hardwood. Updates include gas boiler and electric panel. Walk up attic has great expansion possibilities. Needs updating but is a fabulous opportunity to own and  live in Wakefield.
Unit Size
1,412 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$411
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
1915

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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: 2 years ago (MLSPIN #73357163)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Premium
Sold
Apr 16, 2025 In contract -
In contract
Apr 9, 2025 Listed $579,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 752
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,999
  • Total Building Area: 1,412
  • Gross Building Area: 2,918
  • Building Area: 1,412
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,412
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: I

Geography

  • Account Number: 23181
  • District: 305
  • Parcel: WAKE M:000013 B:0063 P:000066
  • Block: 63
  • Municipality: WAKEFIELD
  • Latitude: 42.4995
  • Longitude: -71.0756

    Address

  • Full Address: 16 Lake St
  • Address - House Number: 16
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C012
  • 4-Digit Zip Code: 3127
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $638,400

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 662,732
  • High Value: 771,766
  • Low Value: 553,698

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $567,500
  • Assessed Land Value: $323,600
  • Assessed Improvements Value: $243,900
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:

$775,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1986 ft²

Average Home Age

82.5 years

Currently For Sale

47 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

$3,705 /mo

  • 2 Beds
  • 2 Baths
  • 1,050 ft²
200 Quannapowitt Parkway #B14.1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73357163

Frequently Asked Questions

When was property at 16 Lake Street built and last sold?
The property at 16 Lake Street was built in 1915 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16 Lake Street is $0.
What are some comparable homes to 16 Lake Street?
There are currently no comparable homes to 16 Lake Street.
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