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Wakefield 01880
37 West Park Drive
$802,000
● House - Off Market

37 West Park Drive

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,455 Ft²
$875,746
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

LOCATION, LOCATION, LOCATION. Near schools, shopping, restaurants, Lake Quannapowitt and all major travel routes. West Side 8 room, 3 Bedroom, 1 1/2 Baths Split-Level offering lots of options and space. Freshly painted and floors re-done, new carpet in the Family Room and new floor in the Sunroom. Window glass in Sunroom was replaced.  Make it your own by adding new baths and kitchen. Large laundry room with storage and newer washer / dryer, newer gas heating system hot water tank (9/24/20). Beautiful flat lot with pool, Cabana, Composite Deck and lots of mature landscaping. The home is being SOLD IN "AS IN CONDITION".  Great value and room to make improvements. ALL OFFERS ARE DUE BY MONDAY AUGUST 8th. AT 2:00 p.m. FIRST SHOWINGS START AT THE OPEN HOUSE ON SATURDAY, AUGUST 6th FROM 12:00 NOON to 2:00 p.m.
Unit Size
2,455 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$338
Property Type
House
Property Taxes
$661
HOA Dues
-
Year Built
1969

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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 #73021563)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Aug 4, 2022 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $829,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 2000
  • 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: 1,274
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 2,217
  • Gross Building Area: 4,104
  • Building Area: 2,217
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,217
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: 13725
  • District: 305
  • Parcel: WAKE M:000009 B:0153 P:000P41
  • Block: 153
  • Municipality: WAKEFIELD
  • Latitude: 42.4925
  • Longitude: -71.0806

    Address

  • Full Address: 37 W Park Dr
  • Address - House Number: 37
  • Street Direction: W
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2619
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $915,900

    Appraisal Valuation

  • Standard Deviation: 0.156
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 847,895
  • High Value: 980,218
  • Low Value: 715,573

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $814,100
  • Assessed Land Value: $399,200
  • Assessed Improvements Value: $414,900

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 148724
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

1889 ft²

Average Home Age

68.4 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73021563

Frequently Asked Questions

When was property at 37 West Park Drive built and last sold?
The property at 37 West Park Drive was built in 1969 and last sold on Sep 30, 2022 for $802,000.
How much is this home worth?
The estimated value of the home located at 37 West Park Drive is $854,171.
What are some comparable homes to 37 West Park Drive?
There are currently no comparable homes to 37 West Park Drive.
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