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Wakefield 01880
261 Salem St
$445,801
● House - Off Market

261 Salem St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,949 Ft²
$740,141
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Spacious ranch with three well sized bedrooms and oodles of entertaining  space. Sunny living room, large eat in kitchen with generous cabinet storage overlooking the in ground pool and outdoor grilling patio. Convenience of an adjacent dining area off kitchen.  Lower level marvels with not one but two play rooms.  First enjoy your huge man cave complete with billiards. The second area boasts wood burning stove making a fabulous family/play room complete with wet bar. Outside enjoy plenty of green space with boxed planting beds and shed. Circular driveway with access on Wharton Street.  Close to route 95/128. Enjoy hosting spring and summer fiestas in this welcoming property made for fun.
Unit Size
1,949 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$226
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1965

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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 #71991492)

Price History

Date / Event Date Event Price
May 31, 2016 Sold
Premium
Sold
Apr 20, 2016 Listed by RE/MAX Leading Edge $439,900
Listed by RE/MAX Leading Edge
Aug 12, 2005 Sold
Premium
Sold

Property Highlights

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: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,392
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 2,158
  • Gross Building Area: 2,967
  • Building Area: 2,158
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,158
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335302

Zoning

  • Zoning: SR

Geography

  • Account Number: 69067
  • District: 305
  • Parcel: WAKE M:000037 B:0019 P:000A5A
  • Block: 19
  • Municipality: WAKEFIELD
  • Latitude: 42.5136
  • Longitude: -71.0549

    Address

  • Full Address: 261 Salem St
  • Address - House Number: 261
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C025
  • 4-Digit Zip Code: 4943
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $754,000

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 735,161
  • High Value: 854,266
  • Low Value: 616,055

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $670,200
  • Assessed Land Value: $360,000
  • Assessed Improvements Value: $310,200

    Sales

  • Current Sale Recording Date: May 31, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85409
  • Previous Sale Recording Date: Aug 12, 2005
  • Previous Sale Amount: $329,000
  • Previous Sale Document Type: 48
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71991492

Frequently Asked Questions

When was property at 261 Salem Street built and last sold?
The property at 261 Salem Street was built in 1965 and last sold on Jan 1, 1970 for $445,801.
How much is this home worth?
The estimated value of the home located at 261 Salem Street is $467,681.
What are some comparable homes to 261 Salem Street?
There are currently no comparable homes to 261 Salem Street.
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