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Malden 02148 Ferryway
41 Walnut Street
$685,000
● House - Off Market

41 Walnut Street

Malden, MA 02148
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,632 Ft²
$727,070
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Porch Delight with view of green lawn and New England foliage!!!  Newman Park and Ferryway Public School right across the street. Close to Malden Center and T Station (Orange Line). This oversized sun-filled colonial features large eat-in kitchen with steel refrigerator, formal dining room connecting with spacious living room.   2nd floor features 4 great size bedrooms 2.5 bathrooms, hardwood floor, plus finished attic as extra living or storage area.  Finished basement offers  the 5th bedroom, a full bathroom, separate exterior access and a cedar closet to keep garment hole-free and smelling fresh.  Private Showing @ 9/16 & 9/17, Open House 9/18 9/19 12-2pm.
Unit Size
2,632 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$243
Property Type
House
Property Taxes
$282
HOA Dues
-
Year Built
1920

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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 #72894929)

Price History

Date / Event Date Event Price
Oct 28, 2021 Sold
Premium
Sold
Sep 15, 2021 Listed by Keller Williams Realty-Merrimack $639,999
Listed by Keller Williams Realty-Merrimack
Sep 27, 1988 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 986
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,457
  • Total Building Area: 2,219
  • Gross Building Area: 4,438
  • Building Area: 2,219
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,219
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000056
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341400

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:082 B:380 L:026
  • Block: 380
  • Lot: 26
  • Municipality: MALDEN
  • Latitude: 42.422
  • Longitude: -71.0618

    Address

  • Full Address: 41 Walnut St
  • Address - House Number: 41
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Malden
  • Carrier Code: C038
  • 4-Digit Zip Code: 7042
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $752,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 94
  • Final Value: 670,777
  • High Value: 722,752
  • Low Value: 618,801

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $643,300
  • Assessed Land Value: $250,200
  • Assessed Improvements Value: $393,100

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Oct 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 236645
  • Previous Sale Recording Date: Sep 27, 1988
  • Previous Sale Amount: $162,500
  • 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 Ferryway

Stats & Trends

Median Asking:

$799,900

Sale Price/ft²

$373

Above Asking

0.00%

Average Days on Market

49

Average Home Size

1752 ft²

Average Home Age

131.5 years

Currently For Sale

4 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 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72894929

Frequently Asked Questions

When was property at 41 Walnut Street built and last sold?
The property at 41 Walnut Street was built in 1920 and last sold on Oct 28, 2021 for $685,000.
How much is this home worth?
The estimated value of the home located at 41 Walnut Street is $0.
What are some comparable homes to 41 Walnut Street?
There are currently no comparable homes to 41 Walnut Street.
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