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Wakefield 01880
41 Spring St
$595,000
● House - Off Market

41 Spring St

Wakefield, MA 01880
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,916 Ft²
$915,977
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

This warm and spacious home has been well cared for with many updates.  Newer kitchen and bath, replacement windows, 4.5 year old furnace, electric updated to 200 amp service, roof 5 years old and central air is 4.5 years old.  Take the back staircase down to the large eat-in kitchen with double wall oven, granite counters and plenty of cabinets.  Enjoy a good book next to the gas fireplace in the living room. The finished and heated third floor needs updating but offers many options including bedrooms, playroom, office and storage.  Close to commuter rail and shopping.  Open houses Saturday 1/27 from 11:00-12:30 and Sunday 1/28 from 12:1:30
Unit Size
2,916 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$195
Property Type
House
Property Taxes
$525
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: 4 months ago (MLSPIN #72111953)

Price History

Date / Event Date Event Price
Mar 31, 2017 Sold
Premium
Sold
Jan 25, 2017 Listed by RE/MAX Leading Edge $569,900
Listed by RE/MAX Leading Edge

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,088
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,625
  • Total Building Area: 2,916
  • Gross Building Area: 4,682
  • Building Area: 2,916
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,916
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000198
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335400

Zoning

  • Zoning: SR

Geography

  • Account Number: 55474
  • District: 305
  • Parcel: WAKE M:000027 B:0243 P:0011A3
  • Block: 243
  • Municipality: WAKEFIELD
  • Latitude: 42.4752
  • Longitude: -71.0693

    Address

  • Full Address: 41 Spring St
  • Address - House Number: 41
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C026
  • 4-Digit Zip Code: 4053
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $895,400

    Appraisal Valuation

  • Standard Deviation: 0.2179
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 1,000,068
  • High Value: 1,218,042
  • Low Value: 782,094

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $795,900
  • Assessed Land Value: $370,400
  • Assessed Improvements Value: $425,500

    Sales

  • Current Sale Contract Date: Mar 31, 2017
  • Current Sale Recording Date: Mar 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1757150
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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72111953

Frequently Asked Questions

When was property at 41 Spring Street built and last sold?
The property at 41 Spring Street was built in 1880 and last sold on Mar 31, 2017 for $595,000.
How much is this home worth?
The estimated value of the home located at 41 Spring Street is $578,231.
What are some comparable homes to 41 Spring Street?
There are currently no comparable homes to 41 Spring Street.
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