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Wakefield 01880
38 Forest Street
$364,000
● House - Off Market

38 Forest Street

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,336 Ft²
$767,721
RealtyHop Estimate
104.73%
Since Sep 1, 2003
MA-Boston
Primary Model

About This Property

DON'T MISS THIS WELL MAINTAINED HOME WITH LOTS OF CURB APPEAL. LARGE LR W/FP,DR HAS BUILT-IN CHINA CABINET, BRIGHT AND SUNNY ROOMS W/LOTS OF WINDOWS, OVERSIZED 1 CAR GARAGE, VINYL SIDING, REPLACEMENT WINDOWS, NEWER BOILER, SECURITY.
Unit Size
1,336 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$281
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1946

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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 years ago (MLSPIN #30737398)

Price History

Date / Event Date Event Price
Oct 24, 2003 Sold
Premium
Sold
Aug 15, 2003 Sold
Premium
Sold
Jun 20, 2003 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $375,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 764
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,840
  • Total Building Area: 1,527
  • Gross Building Area: 2,436
  • Building Area: 1,527
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,527
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335400

Zoning

  • Zoning: SR

Geography

  • Account Number: 42956
  • District: 305
  • Parcel: WAKE M:000022 B:0038 P:0000A2
  • Block: 38
  • Municipality: WAKEFIELD
  • Latitude: 42.4836
  • Longitude: -71.0713

    Address

  • Full Address: 38 Forest St
  • Address - House Number: 38
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C023
  • 4-Digit Zip Code: 3635
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $736,000

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 750,417
  • High Value: 882,270
  • Low Value: 618,565

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $654,200
  • Assessed Land Value: $379,500
  • Assessed Improvements Value: $274,700

    Sales

  • Current Sale Recording Date: Oct 24, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1296893
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

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2090 ft²

Average Home Age

85.2 years

Currently For Sale

45 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 years ago
Data Source: MLS PIN, MLS# 30737398

Frequently Asked Questions

When was property at 38 Forest Street built and last sold?
The property at 38 Forest Street was built in 1946 and last sold on Jan 1, 1970 for $364,000.
How much is this home worth?
The estimated value of the home located at 38 Forest Street is $0.
What are some comparable homes to 38 Forest Street?
There are currently no comparable homes to 38 Forest Street.
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