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Wakefield 01880
279 Lowell Street
$680,000
● House - Off Market

279 Lowell Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,307 Ft²
$3,810
Est. Monthly

About This Property

Location! Location! This well maintained, sun filled home is .6 miles from Lake Quannapowitt and less than a mile from route 95! Updates to the home include kitchen, bathroom, HVAC, natural gas insert for a working, lined fireplace, washer/dryer moved to the main level and hardwood floors in parts of the home that did not have them. The roof is 11 years old. The level fenced in yard is spacious for outdoor activities and can be viewed by any of the many windows that face it. Whether you are just starting out or are downsizing, you will enjoy the layout of this home and the great neighborhood location. Open House on Sunday 10/22/23, 11:30 am - 1:30 pm.Offers, if any, are due by noon on Tuesday, October 24, 2023. Seller is requesting a 1/4/24 closing.List agent is related to the seller.
Unit Size
1,307 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$512
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1951

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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 #73172262)

Price History

Date / Event Date Event Price
Jan 4, 2024 Sold
Premium
Sold
Oct 25, 2023 In contract -
In contract
Oct 19, 2023 Listed by eXp Realty $669,000
Listed by eXp Realty
Sep 21, 2016 Sold
Premium
Sold
Aug 26, 2016 Listed by eXp Realty $415,000
Listed by eXp Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,071
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,416
  • Total Building Area: 1,307
  • Gross Building Area: 2,474
  • Building Area: 1,307
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,307
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000193
  • 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: 74392
  • District: 305
  • Parcel: WAKE M:00014A B:0083 P:00B101
  • Block: 83
  • Municipality: WAKEFIELD
  • Latitude: 42.5193
  • Longitude: -71.0715

    Address

  • Full Address: 279 Lowell St
  • Address - House Number: 279
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C004
  • 4-Digit Zip Code: 1725
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $627,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 685,451
  • High Value: 738,498
  • Low Value: 632,403

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $557,900
  • Assessed Land Value: $346,900
  • Assessed Improvements Value: $211,000

    Sales

  • Current Sale Contract Date: Dec 12, 2023
  • Current Sale Recording Date: Jan 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 951
  • Previous Sale Recording Date: Sep 21, 2016
  • Previous Sale Amount: $430,000
  • 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

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1933 ft²

Average Home Age

73.3 years

Currently For Sale

51 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

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 734 ft²
200 Quannapowitt Parkway #A1B, 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# 73172262

Frequently Asked Questions

When was property at 279 Lowell Street built and last sold?
The property at 279 Lowell Street was built in 1951 and last sold on Dec 12, 2023 for $680,000.
How much is this home worth?
The estimated value of the home located at 279 Lowell Street is $663,666.
What are some comparable homes to 279 Lowell Street?
There are currently no comparable homes to 279 Lowell Street.
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