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Wakefield 01880
2 Swain Pl
$487,000
● House - Off Market

2 Swain Pl

Wakefield, MA 01880
bedrooms
5 Beds
bathrooms
1 Bath
square feet
1,669 Ft²
$711,903
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

This spacious New England farmhouse colonial is waiting for its next caretaker. In the same family for over fifty years. The home boasts hardwood floors, slate foyer, oak cabinet kitchen with pantry and open living and dining rooms with a first floor sunroom. The second floor features 4 bedrooms, full bath and wood floors. There is a third floor bedroom and ample attic storage with great potential for expansion.  A nice yard ,detached one car garage and driveway parking for 4 cars complete the picture. Located on a lovely street within walking distance to Lake Quanapowitt , downtown Wakefield, great dining, public transportation and major highways. Bring your imagination and make this home shine!
Unit Size
1,669 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$300
Property Type
House
Property Taxes
$500
HOA Dues
-
Year Built
1900

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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 #72537118)

Price History

Date / Event Date Event Price
Oct 30, 2019 Sold
Premium
Sold
Jul 18, 2019 Listed by Residential Realty Group $499,900
Listed by Residential Realty Group

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 770
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,879
  • Total Building Area: 1,669
  • Gross Building Area: 3,340
  • Building Area: 1,669
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,669
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: GR

Geography

  • Account Number: 31202
  • District: 305
  • Parcel: WAKE M:000016 B:0153 P:00083G
  • Block: 153
  • Municipality: WAKEFIELD
  • Latitude: 42.5095
  • Longitude: -71.068

    Address

  • Full Address: 2 Swain Pl
  • Address - House Number: 2
  • Address - Street Name: Swain
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C017
  • 4-Digit Zip Code: 1859
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $736,800

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 719,479
  • High Value: 849,481
  • Low Value: 589,476

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $654,900
  • Assessed Land Value: $366,900
  • Assessed Improvements Value: $288,000

    Sales

  • Current Sale Contract Date: Oct 29, 2019
  • Current Sale Recording Date: Oct 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 168719
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

2020 ft²

Average Home Age

70.6 years

Currently For Sale

47 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72537118

Frequently Asked Questions

When was property at 2 Swain Place built and last sold?
The property at 2 Swain Place was built in 1900 and last sold on Oct 29, 2019 for $487,000.
How much is this home worth?
The estimated value of the home located at 2 Swain Place is $504,852.
What are some comparable homes to 2 Swain Place?
There are currently no comparable homes to 2 Swain Place.
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