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Wakefield 01880
18 Mackenzie Lane
$625,000
● House - Off Market

18 Mackenzie Lane

Wakefield, MA 01880
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,219 Ft²
$967,268
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

This is the one you have been waiting for!  Fabulous potential IN-LAW!    This beautiful four bedroom center entrance colonial is enticing enough but you get a charming first floor in-law unit too! Separate entrances yet conveniently connected to the main house, the bedroom, living room, kitchen and full bath offers everything your parents, siblings or grown child might need. Spacious fireplaced living room, formal dining room and eat-in kitchen are perfect for hosting your family and friends for holiday gatherings.  Enjoy the convenience of a first floor laundry room.  The two-car garage means no scraping ice or snow off cars this winter. Quiet, friendly neighborhood just minuets from the popular Market Street shopping and restaurant scene.  Easily accessible from Route 95 and Route 1.
Unit Size
2,219 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$279
Property Type
House
Property Taxes
$615
HOA Dues
-
Year Built
1972

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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 #72247384)

Price History

Date / Event Date Event Price
Dec 20, 2017 Sold
Premium
Sold
Oct 25, 2017 Listed by RE/MAX Leading Edge $620,000
Listed by RE/MAX Leading Edge

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,387
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,227
  • Total Building Area: 2,219
  • Gross Building Area: 3,850
  • Building Area: 2,219
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,219
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000281
  • 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: 80952
  • District: 305
  • Parcel: WAKE M:00039B B:0017 P:000M16
  • Block: 17
  • Municipality: WAKEFIELD
  • Latitude: 42.5031
  • Longitude: -71.0445

    Address

  • Full Address: 18 Mackenzie Ln
  • Address - House Number: 18
  • Address - Street Name: Mackenzie
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C018
  • 4-Digit Zip Code: 3529
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $969,000

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 921,641
  • High Value: 1,083,579
  • Low Value: 759,704

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $861,300
  • Assessed Land Value: $360,200
  • Assessed Improvements Value: $501,100

    Sales

  • Current Sale Recording Date: Dec 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 205847
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

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1964 ft²

Average Home Age

72.4 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72247384

Frequently Asked Questions

When was property at 18 Mackenzie Lane built and last sold?
The property at 18 Mackenzie Lane was built in 1972 and last sold on Jan 1, 1970 for $625,000.
How much is this home worth?
The estimated value of the home located at 18 Mackenzie Lane is $627,752.
What are some comparable homes to 18 Mackenzie Lane?
There are currently no comparable homes to 18 Mackenzie Lane.
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