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Wakefield 01880
3 Lantern Lane
$695,000
● House - Off Market

3 Lantern Lane

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,332 Ft²
$1,063,300
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

Newly listed, Top West Side cul-de-sac neighborhood location; 3 Lantern Lane is not your typical split entry style, raised ranch home.  This cared for hipped roof property is offering an updated spacious open floor plan, 3- 4 generous bedrooms on two full levels of living space with an attached two car garage that could be used as entertainment space;  with sliders giving access to the pool area.  The lower level of this gem allows wonderful space for the extended family.
Unit Size
3,332 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$215
Property Type
House
Property Taxes
$661
HOA Dues
-
Year Built
1968

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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 #72378689)

Price History

Date / Event Date Event Price
Nov 15, 2018 Sold
Premium
Sold
Aug 14, 2018 Listed by Coldwell Banker Residential Brokerage - Winchester $714,900
Listed by Coldwell Banker Residential Brokerage - Winchester
Apr 12, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,680
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 3,332
  • Gross Building Area: 4,550
  • Building Area: 3,332
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,332
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANTERN LANE
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • Account Number: 3295
  • District: 305
  • Parcel: WAKE M:000004 B:0129 P:0000N2
  • Block: 129
  • Municipality: WAKEFIELD
  • Latitude: 42.5039
  • Longitude: -71.0933

    Address

  • Full Address: 3 Lantern Ln
  • Address - House Number: 3
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C037
  • 4-Digit Zip Code: 2117
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $998,800

    Appraisal Valuation

  • Standard Deviation: 0.1568
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 981,974
  • High Value: 1,135,985
  • Low Value: 827,963

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $887,800
  • Assessed Land Value: $399,200
  • Assessed Improvements Value: $488,600

    Sales

  • Current Sale Recording Date: Nov 15, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 175463
  • Previous Sale Recording Date: Apr 12, 1991
  • Previous Sale Amount: $221,000
  • 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:

$779,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1915 ft²

Average Home Age

72.3 years

Currently For Sale

52 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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, 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# 72378689

Frequently Asked Questions

When was property at 3 Lantern Lane built and last sold?
The property at 3 Lantern Lane was built in 1968 and last sold on Jan 1, 1970 for $695,000.
How much is this home worth?
The estimated value of the home located at 3 Lantern Lane is $758,366.
What are some comparable homes to 3 Lantern Lane?
There are currently no comparable homes to 3 Lantern Lane.
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