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Wakefield 01880
40 Cordis St
$615,000
● House - Off Market

40 Cordis St

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,418 Ft²
$649,848
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

New to market is this handsome cape with a full dormer in a prime Wakefield location. 40 Cordis Street has been lovingly maintained by the same family for over 40 years and  features a beautifully updated kitchen with stone countertops and plenty of cabinet space. On the first floor you will also find a dining room, living room with fireplace,  bedroom, and centrally located bathroom. Upstairs is home to 3 additional bedrooms with closets and a second bathroom. A full basement boasts high ceilings and offers the opportunity to finish for additional space. Home sits on a corner lot and has 2 separate driveways to allow parking for the whole family. Walking distance to the lake, local parks, and the Dolbeare Elementary School. Easy access to route 95 for commuters.
Unit Size
1,418 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$409
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
1941

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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: 5 years ago (MLSPIN #72907763)

Price History

Date / Event Date Event Price
Dec 6, 2021 Sold
Premium
Sold
Oct 13, 2021 Listed by Boardwalk Real Estate $579,900
Listed by Boardwalk Real Estate
Jun 27, 1975 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 810
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,247
  • Total Building Area: 1,418
  • Gross Building Area: 2,751
  • Building Area: 1,418
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,418
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • 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: 27246
  • District: 305
  • Parcel: WAKE M:000015 B:0162 P:0000R6
  • Block: 162
  • Municipality: WAKEFIELD
  • Latitude: 42.5155
  • Longitude: -71.0691

    Address

  • Full Address: 40 Cordis St
  • Address - House Number: 40
  • Address - Street Name: Cordis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1743
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $679,200

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 679,267
  • High Value: 798,618
  • Low Value: 559,916

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $603,700
  • Assessed Land Value: $345,200
  • Assessed Improvements Value: $258,500

    Sales

  • Current Sale Contract Date: Dec 06, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 263849
  • Previous Sale Recording Date: Jun 27, 1975
  • Previous Sale Amount: $37,000
  • 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:

$779,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1915 ft²

Average Home Age

72.3 years

Currently For Sale

52 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

$4,525 /mo

  • 3 Beds
  • 2 Baths
  • 1,323 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: 5 years ago
Data Source: MLS PIN, MLS# 72907763

Frequently Asked Questions

When was property at 40 Cordis Street built and last sold?
The property at 40 Cordis Street was built in 1941 and last sold on Dec 6, 2021 for $615,000.
How much is this home worth?
The estimated value of the home located at 40 Cordis Street is $0.
What are some comparable homes to 40 Cordis Street?
There are currently no comparable homes to 40 Cordis Street.
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