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Wakefield 01880
254 Lowell Street
$220,000
● House - Off Market

254 Lowell Street

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
$824,573
RealtyHop Estimate
266.64%
Since Oct 1, 1998
MA-Boston
Primary Model

About This Property

CUSTOM BUILT RANCH ON PRIVATE LOT.  ALL LARGE SPACIOUS ROOMS, INCLUDING OPEN FIRST FLOOR FAMILY ROOM OFF KITCHEN W/ FIREPLACE. LOWER LEVEL ROOMS GOOD FOR POSSIBLE IN-LAW. WALK-OUT BASEMENT. LL HEATED BY RADIANT HEAT.
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1960

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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 #30241056)

Price History

Date / Event Date Event Price
Jan 31, 2000 Sold
Premium
Sold
Nov 28, 1999 Listed by Barrett, Chris. J., REALTORS® $259,000
Listed by Barrett, Chris. J., REALTORS®
Sep 16, 1998 Sold
Premium
Sold
Jul 11, 1998 Listed by Barrett, Chris. J., REALTORS® $224,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,372
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,110
  • Total Building Area: 2,415
  • Gross Building Area: 2,804
  • Building Area: 2,415
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,415
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000278
  • 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: 25558
  • District: 305
  • Parcel: WAKE M:000014 B:0083 P:0000C2
  • Block: 83
  • Municipality: WAKEFIELD
  • Latitude: 42.5204
  • Longitude: -71.0732

    Address

  • Full Address: 254 Lowell St
  • Address - House Number: 254
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C004
  • 4-Digit Zip Code: 1761
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $715,300

    Appraisal Valuation

  • Standard Deviation: 0.156
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 722,624
  • High Value: 835,396
  • Low Value: 609,851

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $635,800
  • Assessed Land Value: $381,100
  • Assessed Improvements Value: $254,700

    Sales

  • Current Sale Recording Date: Jan 31, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 16, 1998
  • Previous Sale Amount: $220,000
  • 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:

$774,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2010 ft²

Average Home Age

83.4 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

$3,370 /mo

  • 1 Bed
  • 1 Bath
  • 932 ft²
200 Quannapowitt Parkway #A5-G2P, 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# 30241056

Frequently Asked Questions

When was property at 254 Lowell Street built and last sold?
The property at 254 Lowell Street was built in 1960 and last sold on Jan 1, 1970 for $249,000.
How much is this home worth?
The estimated value of the home located at 254 Lowell Street is $0.
What are some comparable homes to 254 Lowell Street?
There are currently no comparable homes to 254 Lowell Street.
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