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Wakefield 01880
3 Stone Way
$525,000
● House - Off Market

3 Stone Way

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,885 Ft²
$814,483
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Perfectly located Split Entry Ranch features 7 rooms, 3 bedrooms, 1 1/2 baths, spacious living room open to dining room with sliders to heated (electric heat) sunroom, hardwood flooring under carpeting (according to seller), finished lower level offers family room with fireplace and built-in bar, one car garage under, central air, newly installed heated helmet for ice dams, great corner lot located on great cul-de-sac!   Great neighborhood!
Unit Size
1,885 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$292
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
1970

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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 #72301637)

Price History

Date / Event Date Event Price
Jul 8, 2021 Sold
Premium
Sold
May 19, 2021 Listed by Carpenito Real Estate, Inc. $599,900
Listed by Carpenito Real Estate, Inc.
Jun 29, 2018 Sold
Premium
Sold
Apr 3, 2018 Listed by Carpenito Real Estate, Inc. $549,900
Listed by Carpenito Real Estate, Inc.
Aug 17, 1978 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 7
  • Basement Area: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,885
  • Gross Building Area: 2,342
  • Building Area: 1,885
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,885
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

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

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335400

Zoning

  • Zoning: SR

Geography

  • Account Number: 82106
  • District: 305
  • Parcel: WAKE M:00040B B:0052 P:0000M8
  • Block: 52
  • Municipality: WAKEFIELD
  • Latitude: 42.4909
  • Longitude: -71.0489

    Address

  • Full Address: 3 Stone Way
  • Address - House Number: 3
  • Address - Street Name: Stone
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C024
  • 4-Digit Zip Code: 3510
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $775,600

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 776,504
  • High Value: 912,940
  • Low Value: 640,068

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $689,400
  • Assessed Land Value: $381,000
  • Assessed Improvements Value: $308,400

    Sales

  • Current Sale Contract Date: Jul 08, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 154574
  • Previous Sale Recording Date: Jun 29, 2018
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: O
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

$450

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1985 ft²

Average Home Age

71.4 years

Currently For Sale

48 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72301637

Frequently Asked Questions

When was property at 3 Stone Way built and last sold?
The property at 3 Stone Way was built in 1970 and last sold on Jul 8, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 3 Stone Way is $621,667.
What are some comparable homes to 3 Stone Way?
There are currently no comparable homes to 3 Stone Way.
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