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Wakefield 01880
18 Spruce St
$608,000
● House - Off Market

18 Spruce St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,742 Ft²
$3,521
Est. Monthly

About This Property

Best value around!  7 Room 3 Bedroom, 2 bathroom Raised Ranch on a nice level 1/4 acre lot located on a quiet side street. Convenient to downtown Wakefield, Lake Quannapowitt, bus line, commuter rail, MarketStreet and major highways. Features hardwood flooring on main level, eat in kitchen. Lower level familyroom, home office, and bath. Some big ticket items have already been updated including heating system, siding, windows and added central A/C.Kitchen is dated but functional. Solid pine cabinetry can be refreshed with white paint for now.Fenced in level yard. Patio. Plenty of offstreet parking.Contractors and ambitious Buyers who want to build instant equity, RVM Estimated Value Range is $807,490      Come and take a look at Open Houses Saturday and Sunday 11:30-1:00  Offers reviewed Tuesday
Unit Size
1,742 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$344
Property Type
House
Property Taxes
$575
HOA Dues
-
Year Built
1961

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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 #73282815)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Sep 18, 2024 In contract -
In contract
Sep 12, 2024 Price Decreased $599,900
↓ $50K (7.6%)
Price Decreased
Sep 5, 2024 Price Increased $649,500
↑ $50K (8.3%)
Price Increased
Aug 29, 2024 Listed by Boardwalk Real Estate $599,900
Listed by Boardwalk Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1970
  • 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: 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: 9
  • Basement Area: 874
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,742
  • Gross Building Area: 2,102
  • Building Area: 1,742
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,742
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 59299
  • District: 305
  • Parcel: WAKE M:000030 B:0050 P:00A115
  • Block: 50
  • Municipality: WAKEFIELD
  • Latitude: 42.5065
  • Longitude: -71.057

    Address

  • Full Address: 18 Spruce St
  • Address - House Number: 18
  • Address - Street Name: Spruce
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C021
  • 4-Digit Zip Code: 2525
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $689,700

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 727,999
  • High Value: 847,771
  • Low Value: 608,227

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $613,100
  • Assessed Land Value: $383,000
  • Assessed Improvements Value: $230,100
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

$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

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# 73282815

Frequently Asked Questions

When was property at 18 Spruce Street built and last sold?
The property at 18 Spruce Street was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 18 Spruce Street is $619,032.
What are some comparable homes to 18 Spruce Street?
There are currently no comparable homes to 18 Spruce Street.
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