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Wakefield 01880
24 Griffen Dr
$555,555
● House - Off Market

24 Griffen Dr

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$564,273
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

24 Griffen Drive is a sweet 3 bedroom 1 1/2 bath  ranch with a wood burning fireplace and an over-sized 1 car garage, located in a fabulous neighborhood on the Wakefield/Reading line. With a little bit of TLC this home will shine.  Roof 2019, exterior painted 2020 (does not include the garage), 7 Pella Windows 2013, oil fired Well McLain Boiler 2003, Oil Tank 2008, newer circuit breakers and bulkhead.  Kitchen and bath need updating. Hardwood under carpets. Full basement has a 1/2 bath and could be finished allowing for more living space.  Enjoy a partially fenced-in sunny backyard with border plantings. Washer/Dryer and window AC unit are being left as gifts. Home being sold "As Is'.  Showings begin immediately with offers due Wednesday, April 14th by 2:00 p.m.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$464
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1959

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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 #72811089)

Price History

Date / Event Date Event Price
Jun 7, 2021 Sold
Premium
Sold
Apr 8, 2021 Listed by Redfin Corp. $490,000
Listed by Redfin Corp.
Dec 1, 1978 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1970
  • 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: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,056
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,808
  • Total Building Area: 1,056
  • Gross Building Area: 2,112
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000156
  • 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: 1441
  • District: 305
  • Parcel: WAKE M:000003 B:0119 P:000C51
  • Block: 119
  • Municipality: WAKEFIELD
  • Latitude: 42.5101
  • Longitude: -71.0943

    Address

  • Full Address: 24 Griffen Dr
  • Address - House Number: 24
  • Address - Street Name: Griffen
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C019
  • 4-Digit Zip Code: 1443
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $641,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 645,617
  • High Value: 754,479
  • Low Value: 536,755

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $570,300
  • Assessed Land Value: $350,900
  • Assessed Improvements Value: $219,400

    Sales

  • Current Sale Contract Date: Jun 04, 2021
  • Current Sale Recording Date: Jun 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1882246
  • Previous Sale Recording Date: Dec 01, 1978
  • Previous Sale Amount: $49,900
  • 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

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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,740 /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: 5 years ago
Data Source: MLS PIN, MLS# 72811089

Frequently Asked Questions

When was property at 24 Griffen Drive built and last sold?
The property at 24 Griffen Drive was built in 1959 and last sold on Jun 4, 2021 for $555,555.
How much is this home worth?
The estimated value of the home located at 24 Griffen Drive is $0.
What are some comparable homes to 24 Griffen Drive?
There are currently no comparable homes to 24 Griffen Drive.
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