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Wakefield 01880
18 Millbrook Lane
$500,500
● House - Off Market

18 Millbrook Lane

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,925 Ft²
$749,005
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Great opportunity for the buyer that wants to build instant equity.  Situated on a 12,500 square foot lot on a cut-de-sac in the Woodville school district is this 9 room, two bath split entry ranch with gas heat and C/A.  Convenient to shopping, town, schools and highways.  Looking for the individual who will bring their decorating ideas to this property and bring it to its' full potential.  Property is being sold  "as is".   Need 24 hours notice for showing. Pets on premises.
Unit Size
1,925 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$273
Property Type
House
Property Taxes
$547
HOA Dues
-
Year Built
1969

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72479643)

Price History

Date / Event Date Event Price
Jun 14, 2019 Sold
Premium
Sold
Apr 10, 2019 Listed by Leading Edge Real Estate $524,900
Listed by Leading Edge Real Estate
Jul 13, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,272
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,502
  • Total Building Area: 1,925
  • Gross Building Area: 2,988
  • Building Area: 1,925
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,925
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILL BROOK LANE
  • Land Acres: 0000000287
  • 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: 63440
  • District: 305
  • Parcel: WAKE M:000032 B:0131 P:0000M8
  • Block: 131
  • Municipality: WAKEFIELD
  • Latitude: 42.4997
  • Longitude: -71.0549

    Address

  • Full Address: 18 Millbrook Ln
  • Address - House Number: 18
  • Address - Street Name: Millbrook
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C018
  • 4-Digit Zip Code: 3558
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $747,700

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 752,201
  • High Value: 888,115
  • Low Value: 616,286

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $664,600
  • Assessed Land Value: $403,600
  • Assessed Improvements Value: $261,000

    Sales

  • Current Sale Contract Date: Jun 11, 2019
  • Current Sale Recording Date: Jun 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 81460
  • Previous Sale Recording Date: Jul 13, 1990
  • Previous Sale Amount: $214,000
  • 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:

$787,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1956 ft²

Average Home Age

73.3 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72479643

Frequently Asked Questions

When was property at 18 Millbrook Lane built and last sold?
The property at 18 Millbrook Lane was built in 1969 and last sold on Jun 11, 2019 for $500,500.
How much is this home worth?
The estimated value of the home located at 18 Millbrook Lane is $549,965.
What are some comparable homes to 18 Millbrook Lane?
There are currently no comparable homes to 18 Millbrook Lane.
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