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Wakefield 01880
3 Elm Sq
$460,000
● House - Off Market

3 Elm Sq

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,441 Ft²
$553,706
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

West Side 7 Room New England Colonial Home set in a Lovely Neighborhood, in walking distance to Lake Quannapowitt, Commuter train, Shopping, and also short distance to Highways. This home is waiting for your Decorating Touch and TLC. ~ There is a Large Living room, Formal Dining room, Eat-in Kitchen and First Floor Den, which looks out to a Beautiful Yard Area, perfect for the gardener to make their own! ~ Three Bedrooms and Bath on Second Floor.~ Don't Miss this Opportunity to Buy into Wakefield! ~ OPEN HOUSES are SATURDAY MARCH 14th 12:30pm - 2:00pm & SUNDAY MARCH 15th -12:30pm - 2:00pm.
Unit Size
1,441 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$278
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1929

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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 #72632784)

Price History

Date / Event Date Event Price
Apr 30, 2020 Sold
Premium
Sold
Mar 12, 2020 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $399,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1957
  • 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: 5
  • Exterior Walls Type: 18
  • 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: 628
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,395
  • Total Building Area: 1,321
  • Gross Building Area: 2,204
  • Building Area: 1,321
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,321
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: GR

Geography

  • Account Number: 5311
  • District: 305
  • Parcel: WAKE M:000005 B:0026 P:006566
  • Block: 26
  • Municipality: WAKEFIELD
  • Latitude: 42.5084
  • Longitude: -71.0826

    Address

  • Full Address: 3 Elm Sq
  • Address - House Number: 3
  • Address - Street Name: Elm
  • Address - Suffix Type: Sq
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C019
  • 4-Digit Zip Code: 1534
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $675,300

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 648,293
  • High Value: 768,946
  • Low Value: 527,640

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $600,300
  • Assessed Land Value: $347,800
  • Assessed Improvements Value: $252,500

    Sales

  • Current Sale Contract Date: Apr 01, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 64331
  • Previous Sale Recording Date: Apr 16, 2015
  • 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

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1956 ft²

Average Home Age

73.3 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72632784

Frequently Asked Questions

When was property at 3 Elm Square built and last sold?
The property at 3 Elm Square was built in 1929 and last sold on Apr 1, 2020 for $460,000.
How much is this home worth?
The estimated value of the home located at 3 Elm Square is $424,858.
What are some comparable homes to 3 Elm Square?
There are currently no comparable homes to 3 Elm Square.
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