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Wakefield 01880
32 Mitchell Ln
$642,500
● House - Off Market

32 Mitchell Ln

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,276 Ft²
$679,608
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

It's your turn to own this ranch-style home that has been in the same family since 1958. It's located in a highly desirable Wakefield neighborhood, conveniently situated between Lake Quannapowittt and the popular Marketstreet shops and restaurants in Lynnfield.  This home offers you three good-sized bedrooms, a full bathroom with a walk-in shower, an eat-in kitchen, a dining room, and a fire-placed living room on the main level. There's a large unfinished basement with laundry and utilities. The exterior has Rhino Shield paint, a large screened-in porch, an oversized detached two-car garage, and a storage shed.
Unit Size
1,276 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$537
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1958

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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: 6 months ago (MLSPIN #73154982)

Price History

Date / Event Date Event Price
Oct 16, 2023 Sold
Premium
Sold
Sep 10, 2023 In contract -
In contract
Sep 5, 2023 Listed by J. Mulkerin Realty $685,000
Listed by J. Mulkerin Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,276
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,276
  • Gross Building Area: 2,790
  • Building Area: 1,276
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MITCHELL LANE
  • Land Acres: 0000000276
  • 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: 71423
  • District: 305
  • Parcel: WAKE M:000038 B:0084 P:0000M3
  • Block: 84
  • Municipality: WAKEFIELD
  • Latitude: 42.5122
  • Longitude: -71.0496

    Address

  • Full Address: 32 Mitchell Ln
  • Address - House Number: 32
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C025
  • 4-Digit Zip Code: 4959
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $720,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 65
  • Final Value: 642,925
  • High Value: 799,324
  • Low Value: 486,526

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $640,600
  • Assessed Land Value: $399,200
  • Assessed Improvements Value: $241,400

    Sales

  • Current Sale Contract Date: Oct 16, 2023
  • Current Sale Recording Date: Oct 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 117005
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:

$774,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2010 ft²

Average Home Age

83.4 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73154982

Frequently Asked Questions

When was property at 32 Mitchell Lane built and last sold?
The property at 32 Mitchell Lane was built in 1958 and last sold on Oct 16, 2023 for $642,500.
How much is this home worth?
The estimated value of the home located at 32 Mitchell Lane is $682,921.
What are some comparable homes to 32 Mitchell Lane?
There are currently no comparable homes to 32 Mitchell Lane.
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