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Wakefield 01880
21 Wave Ave
$713,450
● House - Off Market

21 Wave Ave

Wakefield, MA 01880
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,748 Ft²
$1,098,935
RealtyHop Estimate
50.56%
Since Apr 1, 2018
MA-Boston
Primary Model

About This Property

Location, Location, Location! Large 11 Room, 5 Bedroom, 2.5 bath spacious Colonial in desirable Wakefield. High ceilings. This beautiful home offers Built-in cabinets, fire place, and gleaming hardwood floors throughout. There is a  Sun filled Family room off the kitchen which overlooks the large fenced in private back yard.  Oversided dining room will be great for entertaining.  All rooms are oversized on the first floor.   This home is within walking distance to Lake Quannapowitt,  shops and restaurants in downtown Wakefield.  It won't last long.
Unit Size
2,748 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$266
Property Type
House
Property Taxes
$657
HOA Dues
-
Year Built
1880

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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 #72269564)

Price History

Date / Event Date Event Price
Oct 27, 2021 Sold
Premium
Sold
Sep 22, 2021 Listed by Twin Pinnacle Realty $879,900
Listed by Twin Pinnacle Realty
Mar 29, 2018 Sold
Premium
Sold
Jan 10, 2018 Listed by Twin Pinnacle Realty $729,900
Listed by Twin Pinnacle Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,173
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,785
  • Total Building Area: 2,748
  • Gross Building Area: 5,259
  • Building Area: 2,748
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,748
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • Account Number: 29321
  • District: 305
  • Parcel: WAKE M:000016 B:0212 P:000017
  • Block: 212
  • Municipality: WAKEFIELD
  • Latitude: 42.5111
  • Longitude: -71.0698

    Address

  • Full Address: 21 Wave Ave
  • Address - House Number: 21
  • Address - Street Name: Wave
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1818
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,067,200

    Appraisal Valuation

  • Standard Deviation: 0.2194
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 1,029,123
  • High Value: 1,254,996
  • Low Value: 803,251

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $948,600
  • Assessed Land Value: $407,000
  • Assessed Improvements Value: $541,600

    Sales

  • Current Sale Contract Date: Oct 27, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 235704
  • Previous Sale Recording Date: Mar 29, 2018
  • Previous Sale Amount: $714,450
  • 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:

$785,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1985 ft²

Average Home Age

71.4 years

Currently For Sale

48 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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, 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# 72269564

Frequently Asked Questions

When was property at 21 Wave Avenue built and last sold?
The property at 21 Wave Avenue was built in 1880 and last sold on Oct 27, 2021 for $920,000.
How much is this home worth?
The estimated value of the home located at 21 Wave Avenue is $909,120.
What are some comparable homes to 21 Wave Avenue?
There are currently no comparable homes to 21 Wave Avenue.
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