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Wakefield 01880
263 Salem Street
$318,000
● House - Off Market

263 Salem Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,598 Ft²
$804,409
RealtyHop Estimate
144.50%
Since Nov 1, 2001
MA-Boston
Primary Model

About This Property

PRIDE OF OWNERSHIP SHINES IN THIS "TURN OF THE CENTURY" COLONIAL. THE LARGE FOYER HAS A STAINED GLASS WINDOW AND ALL NATURAL WOODWORK STAIRWAY LEADING TO THE SECOND FLOOR. LIVING ROOM HAS TWO FRENCH DOORS. FORMAL DR. A MUST SEE!
Unit Size
1,598 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$206
Property Type
House
Property Taxes
$177
HOA Dues
-
Year Built
1900

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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 #30537074)

Price History

Date / Event Date Event Price
Oct 30, 2001 Sold
Premium
Sold
Aug 28, 2001 Listed by Keller Williams Realty Evolution $329,000
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 982
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,220
  • Total Building Area: 1,598
  • Gross Building Area: 2,748
  • Building Area: 1,598
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,598
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • 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: 69593
  • District: 305
  • Parcel: WAKE M:000037 B:0020 P:0000A6
  • Block: 20
  • Municipality: WAKEFIELD
  • Latitude: 42.5137
  • Longitude: -71.0546

    Address

  • Full Address: 263 Salem St
  • Address - House Number: 263
  • 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: $696,200

    Appraisal Valuation

  • Standard Deviation: 0.2179
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 742,401
  • High Value: 904,215
  • Low Value: 580,588

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $618,800
  • Assessed Land Value: $292,600
  • Assessed Improvements Value: $326,200

    Sales

  • Current Sale Recording Date: Oct 30, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 768
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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30537074

Frequently Asked Questions

When was property at 263 Salem Street built and last sold?
The property at 263 Salem Street was built in 1900 and last sold on Jan 1, 1970 for $318,000.
How much is this home worth?
The estimated value of the home located at 263 Salem Street is $0.
What are some comparable homes to 263 Salem Street?
There are currently no comparable homes to 263 Salem Street.
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