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Wakefield 01880
240 Lowell St
$640,000
● House - Off Market

240 Lowell St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,049 Ft²
$881,669
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

BACKYARD LOVERS DREAM w/IN-LAW Potential! Live among NATURE by your INGROUND POOL & cozy FIRE-PIT! This LOVELY renovated HOME has sunny kitchen w/new appliances & fixtures, opens to Dining Room & Large fire-placed Living Room. Hardwood flooring throughout & into 3 great-sized bdrms. Laundry conveniently on 1st fl. Bonus Sunroom leads to over-sized deck where you can enjoy your summers over-looking the pool. FINISHED BASEMENT has 2nd fire-placed LR w/ sink area & walk-out egress to patio & yard. HUGE 2-CAR GARAGE, carport, 10+ pkg & more! Around the corner from Lake Quannapowit & minutes to Rt 93&95!! Too much to list!
Unit Size
2,049 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$302
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
1965

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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 months ago (MLSPIN #72577890)

Price History

Date / Event Date Event Price
Nov 19, 2019 Sold
Premium
Sold
Oct 9, 2019 Listed by Century 21 North East $619,000
Listed by Century 21 North East
May 30, 2018 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1972
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,366
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 27,077
  • Total Building Area: 2,049
  • Gross Building Area: 3,288
  • Building Area: 2,049
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,049
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000622
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: SR

Geography

  • Account Number: 24838
  • District: 305
  • Parcel: WAKE M:000014 B:0079 P:00W15B
  • Block: 79
  • Municipality: WAKEFIELD
  • Latitude: 42.521
  • Longitude: -71.0742

    Address

  • Full Address: 240 Lowell St
  • Address - House Number: 240
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C004
  • 4-Digit Zip Code: 1034
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $798,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 828,180
  • High Value: 973,472
  • Low Value: 682,887

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $709,700
  • Assessed Land Value: $392,800
  • Assessed Improvements Value: $316,900

    Sales

  • Current Sale Contract Date: Nov 14, 2019
  • Current Sale Recording Date: Nov 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181647
  • Previous Sale Recording Date: May 30, 2018
  • Previous Sale Amount: $343,900
  • 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:

$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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72577890

Frequently Asked Questions

When was property at 240 Lowell Street built and last sold?
The property at 240 Lowell Street was built in 1965 and last sold on Nov 14, 2019 for $640,000.
How much is this home worth?
The estimated value of the home located at 240 Lowell Street is $643,990.
What are some comparable homes to 240 Lowell Street?
There are currently no comparable homes to 240 Lowell Street.
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