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Wakefield 01880
37 Elm Crest Road
Photo of 37 Elm Crest Road
Sold on Jun 17, 2025

30

Map

Photo of 37 Elm Crest Road
Photo of 37 Elm Crest Road
$715,000
● House - Off Market

37 Elm Crest Road

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,639 Ft²
$4,131
Est. Monthly
4.81%
Cap Rate

About This Property

What an opportunity to build equity with a bit of vision and effort. This Colonial-style home offers timeless charm and is ready for your personal touches.  Located in the often sought West Side of Wakefield with close proximity to Lake Quannapowitt, town center, public transportation, major highways, dining and shopping. The main level offers generous living space, featuring a bonus room with direct access to the backyard, a spacious fire placed living room and a full dining room ideal for both everyday use and entertaining.  Head upstairs and you will find three ample sized bedrooms with good closet space and hardwood flooring; plus a full bath.  Additional highlights include a screened porch, half bath on main level, full basement with exterior access, two-car garage, a nice yard and a great neighborhood.
Unit Size
1,639 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$427
Property Type
House
Property Taxes
$694
HOA Dues
-
Year Built
1950

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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: 2 years ago (MLSPIN #73370525)

Price History

Date / Event Date Event Price
Jun 17, 2025 Sold
Premium
Sold
May 15, 2025 In contract -
In contract
May 6, 2025 Listed $699,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1965
  • 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: 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: 696
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,502
  • Total Building Area: 1,596
  • Gross Building Area: 3,139
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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: 2065
  • District: 305
  • Parcel: WAKE M:000003 B:0158 P:0000M6
  • Block: 158
  • Municipality: WAKEFIELD
  • Latitude: 42.5104
  • Longitude: -71.0879

    Address

  • Full Address: 37 Elmcrest Rd
  • Address - House Number: 37
  • Address - Street Name: Elmcrest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C019
  • 4-Digit Zip Code: 1536
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $801,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 767,206
  • High Value: 893,428
  • Low Value: 640,983

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $712,000
  • Assessed Land Value: $384,200
  • Assessed Improvements Value: $327,800

    Sales

  • Current Sale Recording Date: Nov 24, 2009
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 01519124
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

49

Average Home Size

1828 ft²

Average Home Age

65.7 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,370 /mo

  • 1 Bed
  • 1 Bath
  • 932 ft²
200 Quannapowitt Parkway #A5-G2P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73370525

Frequently Asked Questions

When was property at 37 Elm Crest Road built and last sold?
The property at 37 Elm Crest Road was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 37 Elm Crest Road is $0.
What are some comparable homes to 37 Elm Crest Road?
There are currently no comparable homes to 37 Elm Crest Road.
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