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Wakefield 01880
216 Oak Street
$515,000
● House - Off Market

216 Oak Street

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,406 Ft²
$949,636
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

The curb appeal doesn't stop at the door of this lovely 4Br, 2Bath Colonial, nicely situated on a corner lot w/professional landscaping, wrap-around farmers porch and 3Car Garage, located on the side of Meadow View Road. Many highlights include a custom maple kitchen, granite counters and a limestone backsplash.  French doors in the dining room lead to the living room (both w/ HW floors). The 2nd floor features a generous size master bedroom w/ a walk-in closet and adjoining room that could work well as a private office. Newer roof, updated electrical and plumbing, preferred gas heat and cooking. Add your personal touches and you will own a truly beautiful home in Wakefield with easy access to commuter train and schools.
Unit Size
2,406 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$216
Property Type
House
Property Taxes
$448
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 #71721915)

Price History

Date / Event Date Event Price
Nov 20, 2014 Sold
Premium
Sold
Jul 31, 2014 Listed by Century 21 Commonwealth $519,000
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,235
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,999
  • Total Building Area: 2,406
  • Gross Building Area: 4,123
  • Building Area: 2,406
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,406
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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: 65103
  • District: 305
  • Parcel: WAKE M:000033 B:0034 P:00096B
  • Block: 34
  • Municipality: WAKEFIELD
  • Latitude: 42.4916
  • Longitude: -71.0539

    Address

  • Full Address: 216 Oak St
  • Address - House Number: 216
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C024
  • 4-Digit Zip Code: 3830
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $838,500

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 871,895
  • High Value: 1,025,092
  • Low Value: 718,698

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $745,300
  • Assessed Land Value: $352,400
  • Assessed Improvements Value: $392,900

    Sales

  • Current Sale Recording Date: Nov 20, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 178448
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

$450

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71721915

Frequently Asked Questions

When was property at 216 Oak Street built and last sold?
The property at 216 Oak Street was built in 1900 and last sold on Jan 1, 1970 for $515,000.
How much is this home worth?
The estimated value of the home located at 216 Oak Street is $553,767.
What are some comparable homes to 216 Oak Street?
There are currently no comparable homes to 216 Oak Street.
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