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Wakefield 01880
22 Elm St
$650,000
● House - Off Market

22 Elm St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$1,013,915
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

Location, Location, Location. Easy walk to Downtown, Train Station to Boston,  Lake Quanapowitt, and minutes to Rte 128 and Rte 93.  Complete interior gut. New walls, ceilings ,flooring, lighting, plumbing, and wiring,  Custom kitchen with stainless steel appliances, granite counter tops, and center island/breakfast bar with built in range. Open concept first floor plan ideal for entertaining. Master bath with custom tile shower and glass enclosure, double vanities, linen closet. 1/2 bath and main bath are also custom tiled. Second floor laundry.  Fresh exterior paint, enclosed 3 season front porch, new rear decking system,and new architectural shingle roof. detached garage, fabulous yard with privacy hedges ,partially fenced. 1920's era brought up to 2017 standards. Absolutely knock out gorgeous.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$325
Property Type
House
Property Taxes
$420
HOA Dues
-
Year Built
1920

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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 #72245940)

Price History

Date / Event Date Event Price
Dec 15, 2017 Sold
Premium
Sold
Oct 20, 2017 Listed by J. Borstell Real Estate, Inc. $649,900
Listed by J. Borstell Real Estate, Inc.
Sep 1, 2017 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2016
  • 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: 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: 720
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,006
  • Total Building Area: 2,000
  • Gross Building Area: 3,033
  • Building Area: 2,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,000
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: GR

Geography

  • Account Number: 17953
  • District: 305
  • Parcel: WAKE M:000011 B:0019 P:0004UP
  • Block: 19
  • Municipality: WAKEFIELD
  • Latitude: 42.5065
  • Longitude: -71.0807

    Address

  • Full Address: 22 Elm St
  • Address - House Number: 22
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C019
  • 4-Digit Zip Code: 1531
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $986,900

    Appraisal Valuation

  • Standard Deviation: 0.1568
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 968,355
  • High Value: 1,120,229
  • Low Value: 816,480

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $877,200
  • Assessed Land Value: $359,300
  • Assessed Improvements Value: $517,900

    Sales

  • Current Sale Recording Date: Dec 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 203515
  • Previous Sale Recording Date: Sep 01, 2017
  • Previous Sale Amount: $365,000
  • 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:

$774,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2090 ft²

Average Home Age

85.2 years

Currently For Sale

45 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

$2,750 /mo

  • 1 Bed
  • 1 Bath
  • 783 ft²
200 Quannapowitt Parkway #A3, 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# 72245940

Frequently Asked Questions

When was property at 22 Elm Street built and last sold?
The property at 22 Elm Street was built in 1920 and last sold on Jan 1, 1970 for $650,000.
How much is this home worth?
The estimated value of the home located at 22 Elm Street is $670,487.
What are some comparable homes to 22 Elm Street?
There are currently no comparable homes to 22 Elm Street.
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