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Wakefield 01880
24 Elm St
$557,000
● House - Off Market

24 Elm St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,844 Ft²
$734,825
RealtyHop Estimate
26.91%
Since Jan 1, 2021
MA-Boston
Primary Model

About This Property

Have you missed out with multiple bidding Offers?   Presenting 24 Elm Street in Wakefield, MA that offers 3 bedrooms and a full bath.  An additional lot of 24R Elm Street included with price which is an added 3,942 sq ft.  Inside of this home you will enjoy the charm of a large foyer along with a Large eat in kitchen and granite counter tops.  Dining and Living Room open concept with a half bath on first floor. The family room has a fireplace that walks out to a double sliding door and onto deck. The bonus of the walk up attic could be another room or used for storage.  Large level yard, 1 car garage, driveway and more. Walk to commuter line, Lake Quannapowitt, Market Basket, Stop n Shop and many other stores and restaurants.
Unit Size
1,844 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$314
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1925

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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 years ago (MLSPIN #72730893)

Price History

Date / Event Date Event Price
Dec 29, 2020 Sold
Premium
Sold
Sep 23, 2020 Listed by Mango Realty, Inc. $579,000
Listed by Mango Realty, Inc.
Oct 15, 1980 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 694
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,844
  • Gross Building Area: 3,296
  • Building Area: 1,844
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,844
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 17136
  • District: 305
  • Parcel: WAKE M:000011 B:0018 P:00004Q
  • Block: 18
  • Municipality: WAKEFIELD
  • Latitude: 42.5067
  • Longitude: -71.0809

    Address

  • Full Address: 24 Elm St
  • Address - House Number: 24
  • 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: $626,700

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 691,356
  • High Value: 812,831
  • Low Value: 569,881

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $557,100
  • Assessed Land Value: $329,300
  • Assessed Improvements Value: $227,800

    Sales

  • Current Sale Contract Date: Dec 29, 2020
  • Current Sale Recording Date: Dec 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 251461
  • Previous Sale Recording Date: Oct 15, 1980
  • Previous Sale Amount: $63,000
  • 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

$450

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

$3,630 /mo

  • 2 Beds
  • 2 Baths
  • 1,238 ft²
200 Quannapowitt Parkway #B5, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72730893

Frequently Asked Questions

When was property at 24 Elm Street built and last sold?
The property at 24 Elm Street was built in 1925 and last sold on Dec 29, 2020 for $557,000.
How much is this home worth?
The estimated value of the home located at 24 Elm Street is $0.
What are some comparable homes to 24 Elm Street?
There are currently no comparable homes to 24 Elm Street.
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