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Wakefield 01880
31 Converse
$310,000
● House - Off Market

31 Converse

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,626 Ft²
$598,806
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Excellent value. Four bedroom colonial in desirable west side location. Features include eat-in kitchen with pantry or mudroom, huge fenced in back yard, and newer, one year old roof. With a little TLC and updating this can be a beautiful home. Short walk to shopping, transportation and Lake Quannapowitt.
Unit Size
1,626 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$203
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1885

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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 #71656301)

Price History

Date / Event Date Event Price
Jun 30, 2014 Sold
Premium
Sold
Apr 7, 2014 Listed by Barrett, Chris. J., REALTORS® $329,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,174
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,439
  • Total Building Area: 1,626
  • Gross Building Area: 3,390
  • Building Area: 1,626
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,626
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • 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: 8951
  • District: 305
  • Parcel: WAKE M:000007 B:0018 P:000169
  • Block: 18
  • Municipality: WAKEFIELD
  • Latitude: 42.4997
  • Longitude: -71.0845

    Address

  • Full Address: 31 Converse St
  • Address - House Number: 31
  • Address - Street Name: Converse
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2716
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $702,100

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 756,469
  • High Value: 921,678
  • Low Value: 591,260

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $624,100
  • Assessed Land Value: $340,800
  • Assessed Improvements Value: $283,300

    Sales

  • Current Sale Recording Date: Jun 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90641
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

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

$3,120 /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# 71656301

Frequently Asked Questions

When was property at 31 Converse Street built and last sold?
The property at 31 Converse Street was built in 1885 and last sold on Jan 1, 1970 for $310,000.
How much is this home worth?
The estimated value of the home located at 31 Converse Street is $352,341.
What are some comparable homes to 31 Converse Street?
There are currently no comparable homes to 31 Converse Street.
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