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Wakefield 01880
263 Vernon St
$427,000
● House - Off Market

263 Vernon St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,302 Ft²
$784,034
RealtyHop Estimate
78.60%
Since May 1, 2015
MA-Boston
Primary Model

About This Property

Meticulously maintained Cape-Cod style home in a desirable area of Wakefield! The current owners have paid close attention to detail in the care of this 3 Bedroom, 2 Bath home with newer bathrooms that look and feel like a Spa.  Updated kitchen/dining room combo with room to entertain.  The living room with pellet stove brings the home to a comfort level you can't resist.  So many features such as newer vinyl shake shingles, walk-out basement, sliders in the dining area leading to 2 tiered decks with an above ground pool heated by propane and a generous fenced in yard.  Central A/C, gas on the street, newer windows, storage area under the addition and an alarm system complete the package of this beautiful home.
Unit Size
1,302 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$337
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1954

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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 months ago (MLSPIN #71786645)

Price History

Date / Event Date Event Price
Apr 17, 2015 Sold
Premium
Sold
Jan 22, 2015 Listed by Century 21 Commonwealth $439,000
Listed by Century 21 Commonwealth
Jan 15, 1999 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1968
  • 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: 4
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,364
  • Total Building Area: 1,302
  • Gross Building Area: 2,534
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRESTFIELD
  • Land Acres: 0000000192
  • 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: 57007
  • District: 305
  • Parcel: WAKE M:000028 B:0129 P:000007
  • Block: 129
  • Municipality: WAKEFIELD
  • Latitude: 42.5159
  • Longitude: -71.0653

    Address

  • Full Address: 263 Vernon St
  • Address - House Number: 263
  • Address - Street Name: Vernon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1951
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $710,900

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 713,418
  • High Value: 838,904
  • Low Value: 587,932

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,900
  • Assessed Land Value: $346,400
  • Assessed Improvements Value: $285,500

    Sales

  • Current Sale Recording Date: Apr 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54671
  • Previous Sale Recording Date: Jan 15, 1999
  • Previous Sale Amount: $231,000
  • 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:

$785,000

Sale Price/ft²

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2008 ft²

Average Home Age

71.6 years

Currently For Sale

49 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

$4,125 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71786645

Frequently Asked Questions

When was property at 263 Vernon Street built and last sold?
The property at 263 Vernon Street was built in 1954 and last sold on Jan 1, 1970 for $427,000.
How much is this home worth?
The estimated value of the home located at 263 Vernon Street is $452,285.
What are some comparable homes to 263 Vernon Street?
There are currently no comparable homes to 263 Vernon Street.
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