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Wakefield 01880
21 Millbrook Ln
$472,500
● House - Off Market

21 Millbrook Ln

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,915 Ft²
$941,651
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Pride of ownership shows throughout this very nicely maintained Split located at the end of a cul-de-sac neighborhood. Finished LL with fireplace family room and additional Bedroom. New Bay window has lifetime transferable warranty. New roof and electric garage door.  Tilt-in windows for easy access and pressure treated deck with storage add to the pluses. Hard wood flooring under carpeting on main level. Convenient location for commuters and handy to town amenities and Lake.
Unit Size
1,915 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$258
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1974

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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 #71534206)

Price History

Date / Event Date Event Price
Jul 25, 2013 Sold
Premium
Sold
May 31, 2013 Listed by Century 21 Commonwealth $494,900
Listed by Century 21 Commonwealth

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,375
  • Total Building Area: 1,915
  • Gross Building Area: 2,880
  • Building Area: 1,915
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,915
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000284
  • 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: 61541
  • District: 305
  • Parcel: WAKE M:000031 B:0006 P:0000M1
  • Block: 6
  • Municipality: WAKEFIELD
  • Latitude: 42.4999
  • Longitude: -71.0555

    Address

  • Full Address: 21 Millbrook Ln
  • Address - House Number: 21
  • Address - Street Name: Millbrook
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C018
  • 4-Digit Zip Code: 3507
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $850,800

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 836,514
  • High Value: 974,139
  • Low Value: 698,888

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $756,300
  • Assessed Land Value: $403,500
  • Assessed Improvements Value: $352,800

    Sales

  • Current Sale Recording Date: Jul 25, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 161724
  • Previous Sale Recording Date: Jul 25, 2013
  • Previous Sale Amount: $472,500
  • Previous Sale Document Type: O
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:

$782,450

Sale Price/ft²

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2008 ft²

Average Home Age

71.6 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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, 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# 71534206

Frequently Asked Questions

When was property at 21 Millbrook Lane built and last sold?
The property at 21 Millbrook Lane was built in 1974 and last sold on Jan 1, 1970 for $472,500.
How much is this home worth?
The estimated value of the home located at 21 Millbrook Lane is $516,562.
What are some comparable homes to 21 Millbrook Lane?
There are currently no comparable homes to 21 Millbrook Lane.
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