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Wakefield 01880
3 Spruce St
$309,999
● House - Off Market

3 Spruce St

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath
square feet
908 Ft²
$552,770
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Great retirement or starter home, condo alternative, fireplaced living room, screened porch off eat-in kitchen, hardwood floors.  Property is being sold in as is condition, no representations or warranties from seller/seller's agents, all information to be verified by buyer/buyer's agent.This property is eligible under the Freddie Mac First Look Initiative through 04/02/2014. During this time only owner occupant offers will be considered. Seller is offering a credit of up to $500 toward home owner warranty for owner occupant buyers.
Unit Size
908 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$336
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1954

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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 #71645684)

Price History

Date / Event Date Event Price
Jul 31, 2014 Sold
Premium
Sold
May 15, 2014 Sold
Premium
Sold
Mar 14, 2014 Listed by RE/MAX Andrew Realty Services $304,900
Listed by RE/MAX Andrew Realty Services
Oct 30, 2001 Sold
Premium
Sold
Aug 29, 2001 Listed by Barrett, Chris. J., REALTORS® $269,900
Listed by Barrett, Chris. J., REALTORS®
LOVELY RANCH WITH NICE LOT LARGE FIREPLACED LIVINGROOM AND SCREENED PORCH TITLE 5 APPROVED OR CONNECTED TO SEWER AT SELLER'S EXPENSE AND OPTION.

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 908
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,281
  • Total Building Area: 908
  • Gross Building Area: 1,932
  • Building Area: 908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 908
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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: 59791
  • District: 305
  • Parcel: WAKE M:000030 B:0060 P:000A97
  • Block: 60
  • Municipality: WAKEFIELD
  • Latitude: 42.5061
  • Longitude: -71.0587

    Address

  • Full Address: 3 Spruce St
  • Address - House Number: 3
  • Address - Street Name: Spruce
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C021
  • 4-Digit Zip Code: 2524
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $635,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 607,996
  • High Value: 721,150
  • Low Value: 494,843

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $565,000
  • Assessed Land Value: $365,700
  • Assessed Improvements Value: $199,300

    Sales

  • Current Sale Recording Date: Jul 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 111992
  • Previous Sale Recording Date: May 15, 2014
  • Previous Sale Amount: $283,500
  • Previous Sale Document Type: 34
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

2020 ft²

Average Home Age

70.6 years

Currently For Sale

47 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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, 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# 71645684

Frequently Asked Questions

When was property at 3 Spruce Street built and last sold?
The property at 3 Spruce Street was built in 1954 and last sold on Jan 1, 1970 for $309,999.
How much is this home worth?
The estimated value of the home located at 3 Spruce Street is $315,642.
What are some comparable homes to 3 Spruce Street?
There are currently no comparable homes to 3 Spruce Street.
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