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Wakefield 01880
16 Wharton Park
$550,000
● House - Off Market

16 Wharton Park

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$635,051
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Spacious and Sunny Ranch with 1 car garage and beautiful oversized lot situated on a lovely side street just minutes to shopping, transportation, highways and the Lake. First floor offers a living room with hardwoods and a wood burning fireplace, dining room w/ hardwoods, closet and sliders to deck, sunny open kitchen, 2 full bedrooms with hardwoods and a bonus room that can be a 3rd bedroom or family room. Like new hardwood flooring under the carpets throughout most of home. New heating system. Gorgeous back yard with garden area and some nice trees for shade. Wood deck. Basement has potential to be a finished room. Great value for someone seeeking a starter home on a nice street or a builder looking for a huge level lot. Expansion potential. Private showings begin on Friday after 3pm.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$448
Property Type
House
Property Taxes
$526
HOA Dues
-
Year Built
1954

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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 years ago (MLSPIN #72841946)

Price History

Date / Event Date Event Price
Oct 4, 2021 Sold
Premium
Sold
Jun 2, 2021 Listed by Compass $559,000
Listed by Compass

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,486
  • Total Building Area: 1,248
  • Gross Building Area: 2,422
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • 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
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000356
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335302

Zoning

  • Zoning: SR

Geography

  • Account Number: 69251
  • District: 305
  • Parcel: WAKE M:000037 B:0014 P:000H1A
  • Block: 14
  • Municipality: WAKEFIELD
  • Latitude: 42.5152
  • Longitude: -71.0554

    Address

  • Full Address: 16 Wharton Park
  • Address - House Number: 16
  • Address - Street Name: Wharton
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2024
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $719,700

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 676,525
  • High Value: 802,432
  • Low Value: 550,618

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $639,700
  • Assessed Land Value: $406,100
  • Assessed Improvements Value: $233,600

    Sales

  • Current Sale Contract Date: Oct 04, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 218982
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

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1954 ft²

Average Home Age

80.6 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

$2,550 /mo

  • 1 Bed
  • 1 Bath
  • 773 ft²
200 Quannapowitt Parkway #A1aB, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72841946

Frequently Asked Questions

When was property at 16 Wharton Park built and last sold?
The property at 16 Wharton Park was built in 1954 and last sold on Oct 4, 2021 for $550,000.
How much is this home worth?
The estimated value of the home located at 16 Wharton Park is $0.
What are some comparable homes to 16 Wharton Park?
There are currently no comparable homes to 16 Wharton Park.
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