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Wakefield 01880
291 Salem St
$380,000
● Land - Off Market

291 Salem St

Wakefield, MA 01880
bedrooms
Studio
bathrooms
0 Bath
$795,996
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

***Make an Offer*****  Just under one acre of land, one of the largest lots in Wakefield, MA Land area 0.925. Lots in Wakefield are going for 499,000 for less then 1/2 acre for single lots!    To be sold as is. Buyer / Buyer's agent to do all research on any ability to split or build on the land. Buyer / buyer agent to perform their own due diligence, verification and research for land survey, testing, accessibility, etc. The home on the property is a knock down. Great opportunity for  a developer. Utilities water and sewer already in place, possible duplex, multi Family, two new homes back to back with a common driveway or  large Single family. Lot can have a road built as well.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$412
HOA Dues
-
Year Built
2020

Payment Calculator

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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 #72150936)

Price History

Date / Event Date Event Price
Sep 15, 2021 Sold
Premium
Sold
Dec 1, 2020 Listed by Century 21 NS Group $1,149,900
Listed by Century 21 NS Group
Nov 14, 2017 Sold
Premium
Sold
Apr 21, 2017 Listed by Century 21 NS Group $509,000
Listed by Century 21 NS Group
Apr 7, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 2,467
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,299
  • Total Building Area: 4,158
  • Gross Building Area: 9,305
  • Building Area: 4,158
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,158
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000305
  • 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: 68988
  • District: 305
  • Parcel: WAKE M:000037 B:0036 P:000A10
  • Block: 36
  • Municipality: WAKEFIELD
  • Latitude: 42.5145
  • Longitude: -71.0519

    Address

  • Full Address: 291 Salem St
  • Address - House Number: 291
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C025
  • 4-Digit Zip Code: 4942
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,413,300

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,330,840
  • High Value: 1,566,752
  • Low Value: 1,094,928

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,256,300
  • Assessed Land Value: $361,100
  • Assessed Improvements Value: $895,200

    Sales

  • Current Sale Contract Date: Sep 15, 2021
  • Current Sale Recording Date: Sep 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 205359
  • Previous Sale Recording Date: Nov 14, 2017
  • Previous Sale Amount: $380,000
  • 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

1975 ft²

Average Home Age

74.3 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72150936

Frequently Asked Questions

When was property at 291 Salem Street built and last sold?
The property at 291 Salem Street was built in 2020 and last sold on Sep 15, 2021 for $1,125,000.
How much is this home worth?
The estimated value of the home located at 291 Salem Street is $1,200,040.
What are some comparable homes to 291 Salem Street?
There are currently no comparable homes to 291 Salem Street.
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