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Wakefield 01880
24 Meriam St
$432,900
● House - Off Market

24 Meriam St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,794 Ft²
$663,850
RealtyHop Estimate
47.55%
Since Mar 1, 2019
MA-Boston
Primary Model

About This Property

This 3 bed, 1.5 bath, Colonial/ Victorian house was built in 1905.  Original old charm, period moldings, hardwood floors though-out, high ceilings, large driveway and a 3 car garage. This house is located in a great neighborhood with a farmer's porch overlooking Crystal Lake and less than a ½ mile walk to the commuter rail.   Being Sold "As is" but has a ton of potential to restore to its original character.  Additional space for another potential bed/bath.  Contractor and/or commuter dream property!  Open house 1/12 Saturday and 1/13 Sunday 11-1pm.  Added Commute open house 530-7pm Thursday 1/10
Unit Size
1,794 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$251
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
1905

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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: 5 months ago (MLSPIN #72438333)

Price History

Date / Event Date Event Price
Feb 21, 2019 Sold
Premium
Sold
Jan 8, 2019 Listed by Commonwealth Properties Residential, LLC $449,900
Listed by Commonwealth Properties Residential, LLC

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • 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: 788
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,799
  • Total Building Area: 1,940
  • Gross Building Area: 3,364
  • Building Area: 1,940
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,940
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • 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: 43414
  • District: 305
  • Parcel: WAKE M:000022 B:0123 P:00004B
  • Block: 123
  • Municipality: WAKEFIELD
  • Latitude: 42.4877
  • Longitude: -71.0698

    Address

  • Full Address: 24 Meriam St
  • Address - House Number: 24
  • Address - Street Name: Meriam
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C023
  • 4-Digit Zip Code: 3628
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $766,800

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 774,812
  • High Value: 902,287
  • Low Value: 647,338

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $681,600
  • Assessed Land Value: $370,900
  • Assessed Improvements Value: $310,700

    Sales

  • Current Sale Contract Date: Feb 05, 2019
  • Current Sale Recording Date: Feb 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21775
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:

$775,000

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2090 ft²

Average Home Age

85.2 years

Currently For Sale

45 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72438333

Frequently Asked Questions

When was property at 24 Meriam Street built and last sold?
The property at 24 Meriam Street was built in 1905 and last sold on Feb 5, 2019 for $432,900.
How much is this home worth?
The estimated value of the home located at 24 Meriam Street is $471,890.
What are some comparable homes to 24 Meriam Street?
There are currently no comparable homes to 24 Meriam Street.
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