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Wakefield 01880
4 Drummer Lane
$825,000
● House - Off Market

4 Drummer Lane

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,320 Ft²
$1,298,519
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

A beautiful 9 room, 4 Bedroom, 2 1/2 Bath, Colonial with a Farmer's porch! This home offers great space for luxury living and entertaining. The 1st floor features a formal Living Room,  Dining Room with crown molding, chair rail, and wainscoting. A Kitchen with granite countertops, stainless steel appliances, center island and under cabinet lighting. Additionally, on the first floor is the Family room with gas fireplace and a study. This home also features hardwood floors throughout. The second floor features a lovely master bedroom with bath and walk-in closet. Also on the second floor find 3 additional bedrooms and a full bath. Laundry on 2nd floor.  2 Car garage.
Unit Size
3,320 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$250
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016

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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 months ago (MLSPIN #72122981)

Price History

Date / Event Date Event Price
Jun 23, 2017 Sold
Premium
Sold
May 5, 2017 Sold
Premium
Sold
Sep 23, 2016 Listed by FICO Realty Group $829,000
Listed by FICO Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,622
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,044
  • Total Building Area: 3,244
  • Gross Building Area: 8,189
  • Building Area: 3,244
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,244
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: 71562
  • District: 305
  • Parcel: WAKE M:000038 B:0167 P:000014
  • Block: 167
  • Municipality: WAKEFIELD
  • Latitude: 42.5133
  • Longitude: -71.0517

    Address

  • Full Address: 4 Drummer Ln
  • Address - House Number: 4
  • Address - Street Name: Drummer
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C025
  • 4-Digit Zip Code: 4902
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,278,800

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,223,294
  • High Value: 1,440,141
  • Low Value: 1,006,446

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,136,700
  • Assessed Land Value: $384,400
  • Assessed Improvements Value: $752,300

    Sales

  • Current Sale Recording Date: Jun 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96081
  • Previous Sale Recording Date: May 05, 2017
  • Previous Sale Amount: $790,000
  • 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:

$785,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1985 ft²

Average Home Age

71.4 years

Currently For Sale

48 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72122981

Frequently Asked Questions

When was property at 4 Drummer Lane built and last sold?
The property at 4 Drummer Lane was built in 2016 and last sold on Jan 1, 1970 for $825,000.
How much is this home worth?
The estimated value of the home located at 4 Drummer Lane is $868,889.
What are some comparable homes to 4 Drummer Lane?
There are currently no comparable homes to 4 Drummer Lane.
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