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Wakefield 01880
22 Prospect St
$530,000
● House - Off Market

22 Prospect St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,418 Ft²
$1,085,355
RealtyHop Estimate
97.70%
Since May 1, 2013
MA-Boston
Primary Model

About This Property

Beautiful mix of old and new.This 1795 William Stimpson House has maintained the charm and character of its original stateliness while adding modern day amenities.Amazing 3 bedroom 2 full bath home with many original features including  flooring and fireplaces while adding upgraded electrical, gas, kitchen and baths.Sprawling home conveniently located steps from the famous Lake Quannapowitt and close to downtown Wakefield.Step out of your bright,sun filled kitchen to a huge level yard.A true Gem
Unit Size
2,418 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$227
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71481351)

Price History

Date / Event Date Event Price
Apr 24, 2013 Sold
Premium
Sold
Feb 11, 2013 Listed by Gibson Sotheby's International Realty $549,000
Listed by Gibson Sotheby's International Realty
Aug 2, 2005 Sold
Premium
Sold
Mar 14, 2005 Listed by Gibson Sotheby's International Realty $585,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,870
  • Total Building Area: 2,318
  • Gross Building Area: 3,828
  • Building Area: 2,318
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,318
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • Account Number: 18446
  • District: 305
  • Parcel: WAKE M:000011 B:0111 P:00002A
  • Block: 111
  • Municipality: WAKEFIELD
  • Latitude: 42.5055
  • Longitude: -71.0807

    Address

  • Full Address: 22 Prospect St
  • Address - House Number: 22
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1562
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $965,900

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 949,468
  • High Value: 1,116,918
  • Low Value: 782,017

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $858,600
  • Assessed Land Value: $401,900
  • Assessed Improvements Value: $456,700

    Sales

  • Current Sale Recording Date: Apr 24, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000008
  • Previous Sale Recording Date: Aug 02, 2005
  • Previous Sale Amount: $583,000
  • 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:

$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

$2,690 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, 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# 71481351

Frequently Asked Questions

When was property at 22 Prospect Street built and last sold?
The property at 22 Prospect Street was built in 1952 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 22 Prospect Street is $589,361.
What are some comparable homes to 22 Prospect Street?
There are currently no comparable homes to 22 Prospect Street.
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