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Wakefield 01880
40 Forrester Rd
$727,000
● House - Off Market

40 Forrester Rd

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,608 Ft²
$651,176
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Welcome home to this charming cape in the in the lakeside area of Wakefield. Walk into your comfortable living space which expands into the kitchen. Upstairs, you'll find two of the three bedrooms and a full bathroom. The expansive basement offers tons of opportunity and additional storage space. This home offers a large, flat fenced in yard with a deck that makes it perfect for entertaining. Ideal and sought-after location with easy access to many restaurants in charming downtown Wakefield,  Lake Quannapowitt, Dolbeare school and Rt. 95/128. Showings to begin at open house on Thursday, April 27 4pm-6pm.
Unit Size
1,608 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$404
Property Type
House
Property Taxes
$615
HOA Dues
-
Year Built
1952

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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: 4 months ago (MLSPIN #73102656)

Price History

Date / Event Date Event Price
Jun 27, 2023 Sold
Premium
Sold
May 3, 2023 In contract -
In contract
Apr 25, 2023 Listed by Engel & Volkers By the Sea $649,000
Listed by Engel & Volkers By the Sea
Aug 28, 2001 Sold
Premium
Sold
Aug 26, 1991 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,072
  • Total Building Area: 1,608
  • Gross Building Area: 2,848
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000185
  • 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: 77569
  • District: 305
  • Parcel: WAKE M:00014C B:0036 P:000B62
  • Block: 36
  • Municipality: WAKEFIELD
  • Latitude: 42.518
  • Longitude: -71.0681

    Address

  • Full Address: 40 Forrester Rd
  • Address - House Number: 40
  • Address - Street Name: Forrester
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1738
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $758,500

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 742,115
  • High Value: 859,976
  • Low Value: 624,254

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $674,200
  • Assessed Land Value: $363,600
  • Assessed Improvements Value: $310,600

    Sales

  • Current Sale Contract Date: Jun 27, 2023
  • Current Sale Recording Date: Jun 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69191
  • Previous Sale Recording Date: Aug 28, 2001
  • Previous Sale Amount: $335,000
  • 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:

$785,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1956 ft²

Average Home Age

73.3 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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73102656

Frequently Asked Questions

When was property at 40 Forrester Road built and last sold?
The property at 40 Forrester Road was built in 1952 and last sold on Jun 27, 2023 for $727,000.
How much is this home worth?
The estimated value of the home located at 40 Forrester Road is $669,547.
What are some comparable homes to 40 Forrester Road?
There are currently no comparable homes to 40 Forrester Road.
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