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Wakefield 01880
2 Mitchell Lane
$825,000
● House - Off Market

2 Mitchell Lane

Wakefield, MA 01880
bedrooms
7 Beds
bathrooms
3 Baths
square feet
2,991 Ft²
$785,276
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to beautiful Wakefield! A home like this is a rare find. Perfect for an extended family with up to 7 bedrooms, including a 3-bedroom in-law suite on the 1st floor with ramp access. The upper floors have 4 bedrooms and feels like a colonial, featuring a spacious master bedroom with walk in closet, 3 additional bedrooms, a playroom, and an open concept living area leading out to an extensive deck. Upgraded vinyl siding makes it easier to maintain. All set on a nice corner lot in a quiet neighborhood close to everything that Wakefield has to offer! This home is ready for a new generation to take it to the next level and make their own memories. This one is unique and won't last!
Unit Size
2,991 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$259
Property Type
House
Property Taxes
$706
HOA Dues
-
Year Built
1955

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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 #72959023)

Price History

Date / Event Date Event Price
May 11, 2022 Sold
Premium
Sold
Mar 29, 2022 Listed by Century 21 North East $774,900
Listed by Century 21 North East

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,102
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,991
  • Gross Building Area: 4,710
  • Building Area: 2,991
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,991
  • 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: 71175
  • District: 305
  • Parcel: WAKE M:000038 B:0077 P:000M13
  • Block: 77
  • Municipality: WAKEFIELD
  • Latitude: 42.5131
  • Longitude: -71.0505

    Address

  • Full Address: 2 Mitchell Ln
  • Address - House Number: 2
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C025
  • 4-Digit Zip Code: 4959
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $992,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 956,578
  • High Value: 1,124,654
  • Low Value: 788,502

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $882,100
  • Assessed Land Value: $379,200
  • Assessed Improvements Value: $502,900

    Sales

  • Current Sale Contract Date: May 11, 2022
  • Current Sale Recording Date: May 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 70969
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72959023

Frequently Asked Questions

When was property at 2 Mitchell Lane built and last sold?
The property at 2 Mitchell Lane was built in 1955 and last sold on May 11, 2022 for $825,000.
How much is this home worth?
The estimated value of the home located at 2 Mitchell Lane is $787,366.
What are some comparable homes to 2 Mitchell Lane?
There are currently no comparable homes to 2 Mitchell Lane.
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