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Wakefield 01880
40 Preston St
$340,000
● House - Off Market

40 Preston St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,547 Ft²
$720,447
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

Lovely Brick Cape in Wakefield Junction. Commuters dream. Close to highways, public transportation, shopping, lakes, and parks. Just move right in. Updates throughout the entire house. Updates include: new hardwood floors on first floor, updated laundry room, new stainless steel appliances, new granite kitchen counter tops, new plumbing, new tile floor in mudroom, redone 2nd floor bath with jet tub, all new basement windows, and new carpets on the 2nd floor. Great location. A pleasure to show.
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$224
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
1945

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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 #71415220)

Price History

Date / Event Date Event Price
Oct 3, 2012 Sold
Premium
Sold
Jul 27, 2012 Listed by James Marcora Realty $345,900
Listed by James Marcora Realty
May 31, 2012 Sold
Premium
Sold
Mar 24, 2012 Listed by James Marcora Realty $239,900
Listed by James Marcora Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1958
  • 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: 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,310
  • Total Building Area: 1,547
  • Gross Building Area: 3,077
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335302

Zoning

  • Zoning: SR

Geography

  • Account Number: 59459
  • District: 305
  • Parcel: WAKE M:000030 B:0117 P:00A163
  • Block: 117
  • Municipality: WAKEFIELD
  • Latitude: 42.5074
  • Longitude: -71.0591

    Address

  • Full Address: 40 Preston St
  • Address - House Number: 40
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C021
  • 4-Digit Zip Code: 5118
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $756,900

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 735,334
  • High Value: 856,313
  • Low Value: 614,355

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $672,800
  • Assessed Land Value: $336,900
  • Assessed Improvements Value: $335,900

    Sales

  • Current Sale Recording Date: Oct 03, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000021
  • Previous Sale Recording Date: May 31, 2012
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: 71
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:

$782,450

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1876 ft²

Average Home Age

66.7 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

$2,415 /mo

  • Studio
  • 1 Bath
  • 589 ft²
200 Quannapowitt Parkway #S1, 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# 71415220

Frequently Asked Questions

When was property at 40 Preston Street built and last sold?
The property at 40 Preston Street was built in 1945 and last sold on Jan 1, 1970 for $340,000.
How much is this home worth?
The estimated value of the home located at 40 Preston Street is $364,742.
What are some comparable homes to 40 Preston Street?
There are currently no comparable homes to 40 Preston Street.
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