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Wakefield 01880
383 Vernon St
Photo of 383 Vernon St
Sold on Jul 15, 2025

41

Map

Photo of 383 Vernon St
Photo of 383 Vernon St
$755,000
● House - Off Market

383 Vernon St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,329 Ft²
$4,054
Est. Monthly
4.94%
Cap Rate

About This Property

Ranch/Cape near the Dolbeare school, major routes and Market Street. This nicely maintained home has been updated with many newer windows, refinished hardwood floors and a tile 3/4 bath on the 2nd floor. The 1st floor includes a spacious combination dinning area and fireplaced living room, nicely appointed with built-in bookcases. Enjoy the kitchen with breakfast bar and pendant light. The functional, flexible floor plan consists of two potential 1st and 2nd floor bedrooms.  One would make an ideal  home office/den with convenient 1st floor full bath. A large 1 acre lot includes a useable level rear yard. Don't miss this opportunity to get into the fast moving Wakefield market and enjoy the many amenities the town has to offer.
Unit Size
1,329 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$527
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1954

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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: 2 years ago (MLSPIN #73382426)

Price History

Date / Event Date Event Price
Jul 15, 2025 Sold
Premium
Sold
Jun 4, 2025 In contract -
In contract
May 29, 2025 Listed $699,900
Listed
Apr 29, 1995 Sold
Premium
Sold
May 29, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 969
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 1,329
  • Gross Building Area: 2,568
  • Building Area: 1,329
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,329
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001010
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: SR

Geography

  • Account Number: 77008
  • District: 305
  • Parcel: WAKE M:00014B B:0087 P:00019H
  • Block: 87
  • Municipality: WAKEFIELD
  • Latitude: 42.5228
  • Longitude: -71.0644

    Address

  • Full Address: 383 Vernon St
  • Address - House Number: 383
  • Address - Street Name: Vernon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1134
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $699,400

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 702,272
  • High Value: 822,215
  • Low Value: 582,329

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $621,700
  • Assessed Land Value: $406,000
  • Assessed Improvements Value: $215,700

    Sales

  • Current Sale Recording Date: Apr 29, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 29, 1992
  • Previous Sale Amount: $165,000
  • 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:

$774,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2018 ft²

Average Home Age

85.1 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

$3,680 /mo

  • 2 Beds
  • 2 Baths
  • 1,090 ft²
200 Quannapowitt Parkway #B12P, 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# 73382426

Frequently Asked Questions

When was property at 383 Vernon Street built and last sold?
The property at 383 Vernon Street was built in 1954 and last sold on Jan 1, 1970 for $171,000.
How much is this home worth?
The estimated value of the home located at 383 Vernon Street is $701,968.
What are some comparable homes to 383 Vernon Street?
There are currently no comparable homes to 383 Vernon Street.
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