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Wakefield 01880
38 Butler Ave
$450,000
● House - Off Market

38 Butler Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,663 Ft²
$601,506
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Great location...Newly refinished hardwood floors; freshly painted throughout & all new fans. Front to back living room with beautiful brick fireplace & dining room. Large EIK with a sunroom off the back area in need of updating & porch roof repair. 3 good sized bedrooms and 1 full bath with tiled tub/shower finish the first floor. The lower level can be finished to add a huge addition to living space. Bring your imagination & see what this home can offer you! Situated on .74 of an acre lot. Can be purchased alone or in Tandem with 42 Butler Avenue on .89 of an acre (MLS #: 72845917) Buyers agents to do due diligence.Open Houses Friday from 5:00 PM to 6:30 PM Saturday & Sunday from 1:00 PM to 3:00 PM both days
Unit Size
1,663 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$316
Property Type
House
Property Taxes
$530
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: 5 years ago (MLSPIN #72845915)

Price History

Date / Event Date Event Price
Dec 8, 2021 Sold
Premium
Sold
Oct 18, 2021 Listed by Arcieri Real Estate Inc. $639,999
Listed by Arcieri Real Estate Inc.
Jul 30, 2021 Sold
Premium
Sold
Jun 16, 2021 Listed by Arcieri Real Estate Inc. $525,000
Listed by Arcieri Real Estate Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,232
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,152
  • Total Building Area: 2,156
  • Gross Building Area: 2,912
  • Building Area: 2,156
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,156
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000738
  • 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: 58974
  • District: 305
  • Parcel: WAKE M:000029 B:0033 P:0049C2
  • Block: 33
  • Municipality: WAKEFIELD
  • Latitude: 42.51
  • Longitude: -71.0555

    Address

  • Full Address: 38 Butler Ave
  • Address - House Number: 38
  • Address - Street Name: Butler
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 5106
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $802,000

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 799,268
  • High Value: 939,704
  • Low Value: 658,832

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $712,900
  • Assessed Land Value: $394,900
  • Assessed Improvements Value: $318,000

    Sales

  • Current Sale Contract Date: Dec 07, 2021
  • Current Sale Recording Date: Dec 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 264862
  • Previous Sale Recording Date: Jul 30, 2021
  • Previous Sale Contract Date: Jul 23, 2021
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: O
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

$456

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2022 ft²

Average Home Age

80.7 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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,525 /mo

  • 3 Beds
  • 2 Baths
  • 1,323 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72845915

Frequently Asked Questions

When was property at 38 Butler Avenue built and last sold?
The property at 38 Butler Avenue was built in 1958 and last sold on Dec 7, 2021 for $659,999.
How much is this home worth?
The estimated value of the home located at 38 Butler Avenue is $645,487.
What are some comparable homes to 38 Butler Avenue?
There are currently no comparable homes to 38 Butler Avenue.
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