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Wakefield 01880
218 Vernon St
$350,000
● House - Off Market

218 Vernon St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,450 Ft²
$644,366
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Colonial  starter home with a huge kid friendly fenced in back yard. Great for summer bbq's.  Plenty of off street parking.   updated 200 amp electric, newer windows. Newer front porch and added room for office or toy room. Great way to get into wakefield at an affordable price.  Don't miss out on this one.
Unit Size
1,450 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$245
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1910

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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: 5 months ago (MLSPIN #71659140)

Price History

Date / Event Date Event Price
Jun 19, 2014 Sold
Premium
Sold
Apr 10, 2014 Listed by REALTY WORLD - Forest Realty $355,000
Listed by REALTY WORLD - Forest Realty
Aug 31, 2006 Sold
Premium
Sold
Jun 2, 2006 Listed by REALTY WORLD - Forest Realty $339,900
Listed by REALTY WORLD - Forest Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 620
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,440
  • Total Building Area: 1,321
  • Gross Building Area: 2,123
  • Building Area: 1,321
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,321
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000331
  • 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: 28257
  • District: 305
  • Parcel: WAKE M:000015 B:0052 P:000100
  • Block: 52
  • Municipality: WAKEFIELD
  • Latitude: 42.513
  • Longitude: -71.0667

    Address

  • Full Address: 218 Vernon St
  • Address - House Number: 218
  • Address - Street Name: Vernon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1952
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $688,600

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 65
  • Final Value: 673,840
  • High Value: 837,760
  • Low Value: 509,921

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $612,100
  • Assessed Land Value: $382,900
  • Assessed Improvements Value: $229,200

    Sales

  • Current Sale Recording Date: Jun 19, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 83559
  • Previous Sale Recording Date: Aug 31, 2006
  • Previous Sale Amount: $322,000
  • Previous Sale Document Type: 27
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:

$775,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1954 ft²

Average Home Age

80.6 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

$3,695 /mo

  • 2 Beds
  • 2 Baths
  • 1,236 ft²
200 Quannapowitt Parkway #B5B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71659140

Frequently Asked Questions

When was property at 218 Vernon Street built and last sold?
The property at 218 Vernon Street was built in 1910 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 218 Vernon Street is $373,873.
What are some comparable homes to 218 Vernon Street?
There are currently no comparable homes to 218 Vernon Street.
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