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Wakefield 01880
40 Nahant Street
$605,000
● House - Off Market

40 Nahant Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
1,920 Ft²
$660,520
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

The one you've been waiting for! It won't take much to make this classic 3BR Colonial your new home! Just a short distance to the commuter train station & also beautiful Breakheart Reservation, this home has high ceilings, bullseye moldings, pocket doors and a stained glass window in the front foyer area. The master bedroom has double closets with a large master bath. There are three full finished levels of living space with a bathroom on each level. The roof & windows have been replaced. Gas cooking/heating/dryer/hot water. Central A/C. Vinyl siding. Front and rear porches with composite decking on the rear porch. The yard has a storage shed and an irrigation system too. Showings begin Friday 3/5.
Unit Size
1,920 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$292
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1880

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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: 5 years ago (MLSPIN #72792256)

Price History

Date / Event Date Event Price
Apr 15, 2021 Sold
Premium
Sold
Mar 3, 2021 Listed by Center Square Realty $559,900
Listed by Center Square Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 735
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,420
  • Total Building Area: 1,682
  • Gross Building Area: 3,169
  • Building Area: 1,682
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,682
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000354
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335301

Zoning

  • Zoning: GR

Geography

  • Account Number: 38033
  • District: 305
  • Parcel: WAKE M:000019 B:0164 P:00004A
  • Block: 164
  • Municipality: WAKEFIELD
  • Latitude: 42.4969
  • Longitude: -71.0666

    Address

  • Full Address: 40 Nahant St
  • Address - House Number: 40
  • Address - Street Name: Nahant
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C027
  • 4-Digit Zip Code: 3302
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $778,800

    Appraisal Valuation

  • Standard Deviation: 0.2292
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 68
  • Final Value: 720,434
  • High Value: 885,607
  • Low Value: 555,261

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $692,300
  • Assessed Land Value: $383,700
  • Assessed Improvements Value: $308,600

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: Apr 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85833
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

$3,130 /mo

  • 1 Bed
  • 1 Bath
  • 909 ft²
200 Quannapowitt Parkway #A5, 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# 72792256

Frequently Asked Questions

When was property at 40 Nahant Street built and last sold?
The property at 40 Nahant Street was built in 1880 and last sold on Apr 15, 2021 for $605,000.
How much is this home worth?
The estimated value of the home located at 40 Nahant Street is $588,514.
What are some comparable homes to 40 Nahant Street?
There are currently no comparable homes to 40 Nahant Street.
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