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Wakefield 01880
4 Summit Avenue
$251,000
● House - Off Market

4 Summit Avenue

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$997,415
RealtyHop Estimate
307.11%
Since Oct 1, 1997
MA-Boston
Primary Model

About This Property

LOCATION! DESIRABLE WEST SIDE, 4 BDR COLONIAL, FIREPLACED LR, HDWD FLRS, NEWER CHERRY KITCHEN,JENN-AIRE,WALL OVEN & BAY WINDOW, CERAMIC TILE BATH, WALK-UP ATTIC, PORCH OVERLOOKING LOVELY BACKYARD, WALK TO LAKE AND TRAIN.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1945

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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 #30170988)

Price History

Date / Event Date Event Price
Oct 1, 1997 Sold
Premium
Sold
Jun 23, 1997 Listed $245,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 718
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,675
  • Total Building Area: 1,930
  • Gross Building Area: 3,696
  • Building Area: 1,930
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,930
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000222
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: SR

Geography

  • Account Number: 9208
  • District: 305
  • Parcel: WAKE M:000007 B:0191 P:00023B
  • Block: 191
  • Municipality: WAKEFIELD
  • Latitude: 42.5025
  • Longitude: -71.0874

    Address

  • Full Address: 4 Summit Ave
  • Address - House Number: 4
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C037
  • 4-Digit Zip Code: 2111
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $899,200

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 894,569
  • High Value: 1,033,285
  • Low Value: 755,854

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $799,300
  • Assessed Land Value: $395,400
  • Assessed Improvements Value: $403,900

    Sales

  • Current Sale Recording Date: Oct 01, 1997
  • Current Sale Price:
    Premium
  • Current 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:

$785,000

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1889 ft²

Average Home Age

68.4 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,605 /mo

  • 2 Beds
  • 2 Baths
  • 1,050 ft²
200 Quannapowitt Parkway #B14.1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30170988

Frequently Asked Questions

When was property at 4 Summit Avenue built and last sold?
The property at 4 Summit Avenue was built in 1945 and last sold on Jan 1, 1970 for $251,000.
How much is this home worth?
The estimated value of the home located at 4 Summit Avenue is $0.
What are some comparable homes to 4 Summit Avenue?
There are currently no comparable homes to 4 Summit Avenue.
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