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Wakefield 01880
40 Paon Blvd
Photo of 40 Paon Blvd
Sold on May 31, 2005

1

Map

$371,450
● House - Off Market

40 Paon Blvd

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,187 Ft²
$670,738
RealtyHop Estimate
76.56%
Since Jun 1, 2005
MA-Boston
Primary Model

About This Property

Opportunity knocks! Great location for this 6 room 3 bedroom Cape with enclosed porch. Hardwood floors,Vinyl siding, Shutters. Fully insulated in 2002 (certificate in hand). Newer heating system! Large private level yard! Close to all major highways. On Lynnfield line! Walk to Elementary School. With a little updating this home will sparkle! Great oportunity for 1st time home owners! Best Buy!PRICE REDUCED 20k SELLER VERY MOTIVATED SAYS MAKE AN OFFER!!!!!!!
Unit Size
1,187 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$320
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1948

Payment Calculator

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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 #70155668)

Price History

Date / Event Date Event Price
Jun 1, 2005 Sold
Premium
Sold
Mar 10, 2005 Listed $379,900
Listed
Mar 7, 2005 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 616
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,991
  • Total Building Area: 1,078
  • Gross Building Area: 1,948
  • Building Area: 1,078
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,078
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000206
  • 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: 76099
  • District: 305
  • Parcel: WAKE M:00014B B:0113 P:000N13
  • Block: 113
  • Municipality: WAKEFIELD
  • Latitude: 42.5234
  • Longitude: -71.0622

    Address

  • Full Address: 40 Paon Blvd
  • Address - House Number: 40
  • Address - Street Name: Paon
  • Address - Suffix Type: Blvd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1136
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $659,800

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 654,368
  • High Value: 760,385
  • Low Value: 548,352

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $586,500
  • Assessed Land Value: $372,900
  • Assessed Improvements Value: $213,600

    Sales

  • Current Sale Recording Date: Jun 01, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00111155
  • Previous Sale Recording Date: Mar 07, 2005
  • Previous Sale Amount: $152,500
  • 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

$4,455 /mo

  • 2 Beds
  • 2 Baths
  • 1,047 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 months ago
Data Source: MLS PIN, MLS# 70155668

Frequently Asked Questions

When was property at 40 Paon Boulevard built and last sold?
The property at 40 Paon Boulevard was built in 1948 and last sold on Jan 1, 1970 for $376,450.
How much is this home worth?
The estimated value of the home located at 40 Paon Boulevard is $394,056.
What are some comparable homes to 40 Paon Boulevard?
There are currently no comparable homes to 40 Paon Boulevard.
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