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Wakefield 01880
40 Hillcrest Rd
$684,300
● House - Off Market

40 Hillcrest Rd

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,201 Ft²
$654,145
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Fantastic opportunity to get into this desirable Dolbeare neighborhood in Wakefield and put your own touches on over time! A solid and well kept home with heat that is 10-ish years old, roof under 10 years old! Excellent space with large kitchen/dining area, large living room with fireplace, first floor family room/office that leads to Greenhouse Room, FIRST FLOOR BEDROOM and 2 bedrooms upstairs, two full baths and bonus space in the basement. GARAGE with storage above and a shed behind. VERY well located .3 miles to the Dolbeare School, under 1 mile to Lake Quannapowitt, just .2 miles to the 136 bus to Oak Grove and Malden Center and 1/2 mile to highway and very close to some of Wakefield's best ice cream! Make your appointment today!
Unit Size
2,201 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$289
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
1952

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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 #73077545)

Price History

Date / Event Date Event Price
Mar 31, 2023 Sold
Premium
Sold
Feb 15, 2023 In contract -
In contract
Feb 8, 2023 Listed by North Star Realtors LLC $635,000
Listed by North Star Realtors LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,420
  • Total Building Area: 2,201
  • Gross Building Area: 3,613
  • Building Area: 2,201
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,201
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000193
  • 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: 25048
  • District: 305
  • Parcel: WAKE M:000014 B:0154 P:000B43
  • Block: 154
  • Municipality: WAKEFIELD
  • Latitude: 42.5204
  • Longitude: -71.0678

    Address

  • Full Address: 40 Hillcrest Rd
  • Address - House Number: 40
  • Address - Street Name: Hillcrest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1106
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $760,100

    Appraisal Valuation

  • Standard Deviation: 0.1742
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 756,481
  • High Value: 888,297
  • Low Value: 624,664

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $675,600
  • Assessed Land Value: $363,400
  • Assessed Improvements Value: $312,200

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Mar 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31927

    Financing

  • First Mortgage Financing Type: ADJ
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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,900 /mo

  • 1 Bed
  • 1 Bath
  • 741 ft²
200 Quannapowitt Parkway #A1, 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# 73077545

Frequently Asked Questions

When was property at 40 Hillcrest Road built and last sold?
The property at 40 Hillcrest Road was built in 1952 and last sold on Mar 31, 2023 for $684,300.
How much is this home worth?
The estimated value of the home located at 40 Hillcrest Road is $668,576.
What are some comparable homes to 40 Hillcrest Road?
There are currently no comparable homes to 40 Hillcrest Road.
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