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Wakefield 01880
16 Wakefield Ave
$530,000
● House - Off Market

16 Wakefield Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$589,685
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

You won't want to miss this home in the heart of Wakefield with unmatched charm and warmth. Spread out on the main level with two separate living/family rooms. Host your holidays in this lovely dining room and granite countered kitchen with spacious breakfast bar. Take dessert to the level, fenced in back yard with multiple mature plantings and quaint landscape features. Large, bright master bedroom with French doors to a deck overlooking the back yard. Two more bedrooms complete this home. Full basement with storage and garage. Close proximity to public transportation and highways. Don't miss this gem!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$441
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
1923

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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 #73045680)

Price History

Date / Event Date Event Price
Nov 30, 2022 Sold
Premium
Sold
Oct 14, 2022 In contract -
In contract
Oct 7, 2022 Listed by Barrett, Chris. J., REALTORS® $549,900
Listed by Barrett, Chris. J., REALTORS®
Aug 26, 1981 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 780
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,502
  • Total Building Area: 1,248
  • Gross Building Area: 2,410
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: GR

Geography

  • Account Number: 35158
  • District: 305
  • Parcel: WAKE M:000018 B:0191 P:000K47
  • Block: 191
  • Municipality: WAKEFIELD
  • Latitude: 42.5015
  • Longitude: -71.0657

    Address

  • Full Address: 16 Wakefield Ave
  • Address - House Number: 16
  • Address - Street Name: Wakefield
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C038
  • 4-Digit Zip Code: 3325
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $641,500

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 620,611
  • High Value: 729,773
  • Low Value: 511,449

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $570,200
  • Assessed Land Value: $338,800
  • Assessed Improvements Value: $231,400

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Nov 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 174737
  • Previous Sale Recording Date: Aug 26, 1981
  • Previous Sale Amount: $53,000
  • 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

$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 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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73045680

Frequently Asked Questions

When was property at 16 Wakefield Avenue built and last sold?
The property at 16 Wakefield Avenue was built in 1923 and last sold on Nov 30, 2022 for $530,000.
How much is this home worth?
The estimated value of the home located at 16 Wakefield Avenue is $557,674.
What are some comparable homes to 16 Wakefield Avenue?
There are currently no comparable homes to 16 Wakefield Avenue.
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