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Wakefield 01880
281 Water St
$270,000
● House - Off Market

281 Water St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,256 Ft²
$570,402
RealtyHop Estimate
90.77%
Since Jan 1, 2014
MA-Boston
Primary Model

About This Property

HUGE PRICE DROP! BUSINESS ZONED! Attention Contractors! Large level lot ready for total rehab or tear down. Tons of potential. Roof approximately 7 years old. Huge garage and shed.  Property to be sold in 'as is" condition.  Seller makes no representations. Buyers must do their own due diligence.
Unit Size
1,256 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$238
Property Type
House
Property Taxes
$325
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: 5 months ago (MLSPIN #71562363)

Price History

Date / Event Date Event Price
Apr 14, 2017 Sold
Premium
Sold
Dec 20, 2013 Sold
Premium
Sold
Jul 30, 2013 Listed by Century 21 Commonwealth $299,000
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,272
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,583
  • Total Building Area: 3,236
  • Gross Building Area: 5,116
  • Building Area: 3,236
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,236
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000266
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335301

Zoning

  • Zoning: SR

Geography

  • Account Number: 62084
  • District: 305
  • Parcel: WAKE M:000031 B:0076 P:000077
  • Block: 76
  • Municipality: WAKEFIELD
  • Latitude: 42.503
  • Longitude: -71.0595

    Address

  • Full Address: 281 Water St
  • Address - House Number: 281
  • Address - Street Name: Water
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 2509
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,440,100

    Appraisal Valuation

  • Standard Deviation: 0.1791
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,177,539
  • High Value: 1,388,450
  • Low Value: 966,628

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,280,100
  • Assessed Land Value: $356,300
  • Assessed Improvements Value: $923,800

    Sales

  • Current Sale Recording Date: Apr 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 55285
  • Previous Sale Recording Date: Dec 20, 2013
  • Previous Sale Amount: $270,000
  • 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:

$775,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1973 ft²

Average Home Age

73.2 years

Currently For Sale

53 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

$3,050 /mo

  • 1 Bed
  • 1 Bath
  • 742 ft²
200 Quannapowitt Parkway #A1aP, 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# 71562363

Frequently Asked Questions

When was property at 281 Water Street built and last sold?
The property at 281 Water Street was built in 1900 and last sold on Jan 1, 1970 for $850,000.
How much is this home worth?
The estimated value of the home located at 281 Water Street is $313,717.
What are some comparable homes to 281 Water Street?
There are currently no comparable homes to 281 Water Street.
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