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Wakefield 01880
22 Morel Circle
$350,000
● House - Off Market

22 Morel Circle

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
999,999 Ft²
$755,211
RealtyHop Estimate
115.84%
Since Nov 1, 2002
MA-Boston
Primary Model

About This Property

CHARMING CAPE SET ON NICE LEVEL LOT LOCATED IN QUIET RESID. AREA OF WAKEFIELD. FORMAL DR W/ CHINA CAB. 1ST FLOOR SUNROOM FIREPLACES IN LR & FR, ROOF 3YRS, NICE HW FLOORS, SOME NEWER WINDOWS, GREAT LOCATION. CALL LR FOR MORE DETAILS & SHOWINGS
Unit Size
999,999 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$0
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
1947

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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 #30644536)

Price History

Date / Event Date Event Price
Oct 30, 2002 Sold
Premium
Sold
Sep 9, 2002 Listed by Brad Hutchinson Real Estate $349,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,100
  • Total Building Area: 1,524
  • Gross Building Area: 2,792
  • Building Area: 1,524
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,524
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335400

Zoning

  • Zoning: SR

Geography

  • Account Number: 66886
  • District: 305
  • Parcel: WAKE M:000034 B:0343 P:0000M7
  • Block: 343
  • Municipality: WAKEFIELD
  • Latitude: 42.4778
  • Longitude: -71.0608

    Address

  • Full Address: 22 Morel Cir
  • Address - House Number: 22
  • Address - Street Name: Morel
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C016
  • 4-Digit Zip Code: 4235
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $659,600

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 661,113
  • High Value: 772,588
  • Low Value: 549,638

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $586,300
  • Assessed Land Value: $336,100
  • Assessed Improvements Value: $250,200

    Sales

  • Current Sale Recording Date: Oct 30, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1008
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

1956 ft²

Average Home Age

73.3 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30644536

Frequently Asked Questions

When was property at 22 Morel Circle built and last sold?
The property at 22 Morel Circle was built in 1947 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 22 Morel Circle is $25,266,611.
What are some comparable homes to 22 Morel Circle?
There are currently no comparable homes to 22 Morel Circle.
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