For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Wakefield 01880
3 Velma Rd
Photo of 3 Velma Rd

1

Map

$729,900
● House - Off Market

3 Velma Rd

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,665 Ft²
$4,201
Est. Monthly

About This Property

Beautiful custom Colonial in one of Wakefield's finest west side locations. Many amenities with this home including central a/c, Maple cabinets, new stainless steel appliances, recessed lighting,security system,  master bath jacuzzi. The outside includes a new white vinyl fence surrounding a private, professionally landscaped  yard complete with 12 zone in ground sprinkler system; fountain stays. Easy maintenance, luxury living. Window treatments, refrigerator, washer, and dryer are negotiable.
Unit Size
2,665 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$274
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1996

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 months ago (MLSPIN #71208095)

Price History

Date / Event Date Event Price
Nov 17, 2017 Sold
Premium
Sold
Sep 20, 2017 Listed by Boardwalk Real Estate $879,900
Listed by Boardwalk Real Estate
Dec 16, 2013 Sold
Premium
Sold
Mar 19, 2013 Listed by Boardwalk Real Estate $729,900
Listed by Boardwalk Real Estate
Mar 30, 2011 Listed by Boardwalk Real Estate $729,900
Listed by Boardwalk Real Estate
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 12
  • 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: 1,424
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,105
  • Total Building Area: 3,573
  • Gross Building Area: 5,150
  • Building Area: 3,573
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,573
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000278
  • 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: 89869
  • District: 305
  • Parcel: WAKE M:000007 B:308A P:0032A4
  • Block: 308A
  • Municipality: WAKEFIELD
  • Latitude: 42.5041
  • Longitude: -71.0855

    Address

  • Full Address: 3 Velma Rd
  • Address - House Number: 3
  • Address - Street Name: Velma
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C022
  • 4-Digit Zip Code: 1500
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,406,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,372,694
  • High Value: 1,589,458
  • Low Value: 1,155,931

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,249,800
  • Assessed Land Value: $381,100
  • Assessed Improvements Value: $868,700

    Sales

  • Current Sale Recording Date: Nov 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 188072
  • Previous Sale Recording Date: Dec 16, 2013
  • Previous Sale Amount: $683,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: UNK
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:

$787,000

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 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

$3,430 /mo

  • 2 Beds
  • 2 Baths
  • 1,077 ft²
200 Quannapowitt Parkway #B16J, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 71208095

Frequently Asked Questions

When was property at 3 Velma Road built and last sold?
The property at 3 Velma Road was built in 1996 and last sold on Jan 1, 1970 for $890,000.
How much is this home worth?
The estimated value of the home located at 3 Velma Road is $927,552.
What are some comparable homes to 3 Velma Road?
There are currently no comparable homes to 3 Velma Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Wakefield Homes for Sale
Wakefield Houses for Sale
Wakefield Condos for Sale
Wakefield Townhouses for Sale
Wakefield Multifamily for Sale
Wakefield Land for Sale
Wakefield Commercial for Sale
Wakefield Homes with Basements
Nearby Cities
Medford Homes for Sale
Peabody Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Reading Homes for Sale
Saugus Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Essex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Arlington Center Real Estate
Glenwood Real Estate
Cliftondale Real Estate
West Medford Real Estate
Nearby Counties
Medford Homes for Sale
Peabody Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Reading Homes for Sale
Saugus Homes for Sale
Top Real Estate Agents
Top Agents in Wakefield
Top Agents in 02155
Top Agents in Medford
Top Agents in Medford
Top Agents in Peabody
Top Agents in Peabody
Top Agents in 01960
Top Agents in 02148