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Wakefield 01880
3 Columbia Rd
$415,000
● House - Off Market

3 Columbia Rd

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,829 Ft²
$657,513
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

BACK ON MARKET DUE TO BUYERS FINANCING.  Let their loss be your gain!  This well maintained home ideally located near center of town, allows easy access to shopping and dining and is a short distance to commuter rail, parks and schools.  The main floor offers a flexible floor plan, including living room, dining room, eat-in kitchen with pantry area, and a first floor bedroom.  Three additional bedrooms on the second floor and potential bedroom(s) in the attic space.   Enclosed front porch, garage and private backyard complete this home.  If you are looking for convenience to Wakefield's finest amenities look no further than this property!
Unit Size
1,829 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$251
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1905

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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 #72441730)

Price History

Date / Event Date Event Price
Dec 19, 2019 Sold
Premium
Sold
Jan 16, 2019 Listed by Barrett, Chris. J., REALTORS® $459,900
Listed by Barrett, Chris. J., REALTORS®
Jan 9, 1978 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 954
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,818
  • Total Building Area: 1,829
  • Gross Building Area: 3,388
  • Building Area: 1,829
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,829
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000111
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • Account Number: 35570
  • District: 305
  • Parcel: WAKE M:000018 B:0181 P:0000KA
  • Block: 181
  • Municipality: WAKEFIELD
  • Latitude: 42.5023
  • Longitude: -71.0653

    Address

  • Full Address: 3 Columbia Rd
  • Address - House Number: 3
  • Address - Street Name: Columbia
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C038
  • 4-Digit Zip Code: 3309
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $598,600

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 593,907
  • High Value: 694,050
  • Low Value: 493,764

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,100
  • Assessed Land Value: $257,800
  • Assessed Improvements Value: $274,300

    Sales

  • Current Sale Contract Date: Dec 18, 2019
  • Current Sale Recording Date: Dec 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201930
  • Previous Sale Recording Date: Jan 09, 1978
  • Previous Sale Amount: $30,000
  • 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:

$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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,430 /mo

  • 2 Beds
  • 2 Baths
  • 1,077 ft²
200 Quannapowitt Parkway #B16J, 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# 72441730

Frequently Asked Questions

When was property at 3 Columbia Road built and last sold?
The property at 3 Columbia Road was built in 1905 and last sold on Dec 18, 2019 for $415,000.
How much is this home worth?
The estimated value of the home located at 3 Columbia Road is $477,971.
What are some comparable homes to 3 Columbia Road?
There are currently no comparable homes to 3 Columbia Road.
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