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Wakefield 01880
23 Vale Rd
$520,000
● House - Off Market

23 Vale Rd

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath
square feet
630 Ft²
$524,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

Don't miss this nicely maintained bungalow. It lives much larger than it looks and includes a DETACHED FREE STANDING 17X13 lofted home office or studio, insulated and fully powered. Wonderful flexible opportunity for a private home office and or, in home entertaining with loft area storage. Bright kitchen featuring white cabinets and butcher block counters, tiled backsplash and overhead lighting.  Located in private cul-de- sac setting. Idyllically tucked away in a quiet Greenwood location. Beautifully landscaped with many flowers, exceptional for outside entertaining and includes a large level lot, rear deck and spacious fire pit area with pea stones. This is a great opportunity to get into the desirable Wakefield market and enjoy all the town has to offer.
Unit Size
630 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$833
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1930

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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 #73149477)

Price History

Date / Event Date Event Price
Dec 1, 2023 Sold
Premium
Sold
Oct 24, 2023 In contract -
In contract
Oct 18, 2023 Price Decreased $524,900
↓ $15K (2.8%)
Price Decreased
Oct 6, 2023 Price Decreased $539,900
↓ $10K (1.8%)
Price Decreased
Sep 19, 2023 Price Decreased $549,900
↓ $15K (2.7%)
Price Decreased
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 360
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,152
  • Total Building Area: 630
  • Gross Building Area: 1,142
  • Building Area: 630
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 630
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000210
  • 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: 66333
  • District: 305
  • Parcel: WAKE M:000034 B:0080 P:00E35A
  • Block: 80
  • Municipality: WAKEFIELD
  • Latitude: 42.4774
  • Longitude: -71.0556

    Address

  • Full Address: 23 Vale Rd
  • Address - House Number: 23
  • Address - Street Name: Vale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C016
  • 4-Digit Zip Code: 4333
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $555,800

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 540,892
  • High Value: 632,095
  • Low Value: 449,688

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $494,000
  • Assessed Land Value: $356,900
  • Assessed Improvements Value: $137,100

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Dec 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 137500
  • Previous Sale Recording Date: Aug 30, 2017
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: O
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73149477

Frequently Asked Questions

When was property at 23 Vale Road built and last sold?
The property at 23 Vale Road was built in 1930 and last sold on Nov 30, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 23 Vale Road is $508,049.
What are some comparable homes to 23 Vale Road?
There are currently no comparable homes to 23 Vale Road.
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