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Wakefield 01880
24 Morrison Rd. West
$233,000
● House - Off Market

24 Morrison Rd. West

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$1,200,923
RealtyHop Estimate
380.56%
Since Aug 1, 1993
MA-Boston
Primary Model

About This Property

CENTER ENTRANCE COLONIAL IN TOP WEST SIDE LOCATION. HARDWOOD FLOORS UNDER WALL TO WALL CARPET. SPACIOUS FIREPLACED LIVING ROOM. HALF ACRE PLUS USABLE LOT. 1ST.FL DEN
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1940

Payment Calculator

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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 years ago (MLSPIN #11044159)

Price History

Date / Event Date Event Price
Apr 13, 2000 Sold
Premium
Sold
Jan 19, 2000 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $379,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jul 19, 1993 Sold
Premium
Sold
Mar 8, 1993 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $249,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,071
  • Total Building Area: 1,632
  • Gross Building Area: 3,159
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHEPARD PLACE
  • Land Acres: 0000000553
  • 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: 3471
  • District: 305
  • Parcel: WAKE M:000004 B:0154 P:00000C
  • Block: 154
  • Municipality: WAKEFIELD
  • Latitude: 42.5037
  • Longitude: -71.0914

    Address

  • Full Address: 24 Morrison Rd W
  • Address - House Number: 24
  • Street Segment Direction: W
  • Address - Street Name: Morrison
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C037
  • 4-Digit Zip Code: 2151
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $878,600

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 891,700
  • High Value: 1,049,768
  • Low Value: 733,633

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $781,000
  • Assessed Land Value: $409,100
  • Assessed Improvements Value: $371,900

    Sales

  • Current Sale Recording Date: Apr 13, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 19, 1993
  • Previous Sale Amount: $233,000
  • 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:

$779,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1927 ft²

Average Home Age

69.9 years

Currently For Sale

52 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
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,430 /mo

  • 2 Beds
  • 2 Baths
  • 1,232 ft²
200 Quannapowitt Parkway #B1, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 11044159

Frequently Asked Questions

When was property at 24 Morrison Road West built and last sold?
The property at 24 Morrison Road West was built in 1940 and last sold on Jan 1, 1970 for $379,900.
How much is this home worth?
The estimated value of the home located at 24 Morrison Road West is $0.
What are some comparable homes to 24 Morrison Road West?
There are currently no comparable homes to 24 Morrison Road West.
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