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Wakefield 01880
3 Prospect Street
$282,500
● House - Off Market

3 Prospect Street

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
$931,188
RealtyHop Estimate
221.21%
Since Nov 1, 1999
MA-Boston
Primary Model

About This Property

CUSTOM 4 BDRM COL ON WEST SIDE, 1ST FL FP FAM RM & BATH W/LAUNDRY. LL FAM RM W/FIREPLACE, BDRM/DEN & 1/2 BATH. LG ENC PORCH OVERLOOKS INGROUND POOL & 2 DECKS, POOLSIDE BAR. EASEMENT: SEE REALTOR, LOWER LEVEL IS UNHEATED.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1967

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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 years ago (MLSPIN #30334641)

Price History

Date / Event Date Event Price
May 10, 2002 Sold
Premium
Sold
Dec 8, 2001 Listed $444,444
Listed
Oct 15, 1999 Sold
Premium
Sold
Jul 1, 1999 Listed $289,900
Listed

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 1,216
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,888
  • Total Building Area: 2,730
  • Gross Building Area: 3,796
  • Building Area: 2,730
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,730
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000227
  • 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: 16942
  • District: 305
  • Parcel: WAKE M:000011 B:0004 P:00003B
  • Block: 4
  • Municipality: WAKEFIELD
  • Latitude: 42.506
  • Longitude: -71.0812

    Address

  • Full Address: 3 Prospect St
  • Address - House Number: 3
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1521
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $923,500

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 910,858
  • High Value: 1,070,901
  • Low Value: 750,815

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $820,900
  • Assessed Land Value: $381,900
  • Assessed Improvements Value: $439,000

    Sales

  • Current Sale Recording Date: May 10, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 705
  • Previous Sale Recording Date: Oct 15, 1999
  • Previous Sale Amount: $282,500
  • 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:

$782,450

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1876 ft²

Average Home Age

66.7 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

$3,545 /mo

  • 2 Beds
  • 2 Baths
  • 1,057 ft²
200 Quannapowitt Parkway #B16B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30334641

Frequently Asked Questions

When was property at 3 Prospect Street built and last sold?
The property at 3 Prospect Street was built in 1967 and last sold on Jan 1, 1970 for $444,444.
How much is this home worth?
The estimated value of the home located at 3 Prospect Street is $0.
What are some comparable homes to 3 Prospect Street?
There are currently no comparable homes to 3 Prospect Street.
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