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Wakefield 01880
388 Vernon Street
Photo of 388 Vernon Street
Sold on Nov 30, 2011

1

Map

$315,000
● House - Off Market

388 Vernon Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,896 Ft²
$700,474
RealtyHop Estimate
115.55%
Since Dec 1, 2011
MA-Boston
Primary Model

About This Property

Enter in to this Generous & Mint condition Cape in DOLBEARE SCHOOL DIST & you will find lots of upgrades & updates.. granite counters w/ honey maple cabinets, wall oven, cook top, formal living room w/ fireplace, dining rm, bonus family room off kitchen , 2.5 baths, hdwd thru-out, Central air, young ht system,  beautiful terraced yard w/ patio off family rm.  LL finished needs carpet offers additional  family rm & 4th bdrm quarter bath...potential inlaw  SO CLOSE TO LYNNFIELD YOU CAN TASTE IT!!!
Unit Size
2,896 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$112
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1949

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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: 13 hours ago (MLSPIN #71261267)

Price History

Date / Event Date Event Price
May 10, 2023 Sold
Premium
Sold
Apr 4, 2023 In contract -
In contract
Mar 28, 2023 Listed by Century 21 North Shore $699,900
Listed by Century 21 North Shore
Jan 3, 2020 Sold
Premium
Sold
Nov 6, 2019 Listed by Century 21 North Shore $539,900
Listed by Century 21 North Shore
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 1,020
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 2,264
  • Gross Building Area: 3,016
  • Building Area: 2,264
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,264
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000276
  • 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: 76654
  • District: 305
  • Parcel: WAKE M:00014B B:0042 P:0000L3
  • Block: 42
  • Municipality: WAKEFIELD
  • Latitude: 42.5228
  • Longitude: -71.065

    Address

  • Full Address: 388 Vernon St
  • Address - House Number: 388
  • Address - Street Name: Vernon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1133
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $742,300

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 800,898
  • High Value: 940,256
  • Low Value: 661,539

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $659,800
  • Assessed Land Value: $381,000
  • Assessed Improvements Value: $278,800

    Sales

  • Current Sale Contract Date: May 10, 2023
  • Current Sale Recording Date: May 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47849
  • Previous Sale Recording Date: Jan 03, 2020
  • Previous Sale Contract Date: Dec 13, 2019
  • Previous Sale Amount: $540,000
  • 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:

$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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 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: 13 hours ago
Data Source: MLS PIN, MLS# 71261267

Frequently Asked Questions

When was property at 388 Vernon Street built and last sold?
The property at 388 Vernon Street was built in 1949 and last sold on May 10, 2023 for $780,000.
How much is this home worth?
The estimated value of the home located at 388 Vernon Street is $715,064.
What are some comparable homes to 388 Vernon Street?
There are currently no comparable homes to 388 Vernon Street.
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