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Wakefield 01880
378 Albion St
$550,200
● House - Off Market

378 Albion St

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,242 Ft²
$527,620
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Charming 2 Bed 1 Bath Ranch in a fantastic location!!!  Close proximity to commuter rail, shops, restaurants, and all Wakefield has to offer.  The main level boasts a large Eat-in kitchen, hardwood flooring throughout the formal dining room, oversized living room w/ fireplace, and 2 spacious bedrooms with plenty of closet space.  The home office/sunroom has the potential of being converted into a 3rd bedroom and a full bath complete the main level.  The lower level offers endless possibilities for expansion and plenty of storage with interior access to the 1 car garage.  Enjoy warmer months relaxing on the covered deck off of the kitchen or on the patio overlooking the large yard.  Bring your decorating ideas this property does need some TLC.  Property Sold AS IS.
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$403
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #73017835)

Price History

Date / Event Date Event Price
Sep 1, 2022 Sold
Premium
Sold
Jul 27, 2022 Listed by Leading Edge Real Estate $499,999
Listed by Leading Edge Real Estate
Oct 30, 1997 Sold
Premium
Sold
Aug 19, 1997 Listed by Leading Edge Real Estate $199,000
Listed by Leading Edge Real Estate

Property Highlights

Air Conditioning
Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,242
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,062
  • Total Building Area: 1,242
  • Gross Building Area: 2,730
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • 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: 14648
  • District: 305
  • Parcel: WAKE M:000009 B:0164 P:0008AA
  • Block: 164
  • Municipality: WAKEFIELD
  • Latitude: 42.4927
  • Longitude: -71.0848

    Address

  • Full Address: 378 Albion St
  • Address - House Number: 378
  • Address - Street Name: Albion
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2650
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $593,700

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 618,876
  • High Value: 732,791
  • Low Value: 504,961

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $527,700
  • Assessed Land Value: $342,500
  • Assessed Improvements Value: $185,200

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 134606
  • Previous Sale Recording Date: Oct 30, 1997
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: 27
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:

$775,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1986 ft²

Average Home Age

82.5 years

Currently For Sale

47 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: 5 months ago
Data Source: MLS PIN, MLS# 73017835

Frequently Asked Questions

When was property at 378 Albion Street built and last sold?
The property at 378 Albion Street was built in 1955 and last sold on Sep 1, 2022 for $550,200.
How much is this home worth?
The estimated value of the home located at 378 Albion Street is $500,100.
What are some comparable homes to 378 Albion Street?
There are currently no comparable homes to 378 Albion Street.
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