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Wakefield 01880
42 Herbert St
Photo of 42 Herbert St
Sold on May 30, 2025

16

Map

Photo of 42 Herbert St
Photo of 42 Herbert St
$630,000
● House - Off Market

42 Herbert St

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,152 Ft²
$3,613
Est. Monthly
4.06%
Cap Rate

About This Property

Well maintained cape, 2 bedrooms on first floor, 16 x 14 unfinished room ready to finish on 2nd floor.  Relaxing cathedral ceiling family room with 2 sliders to exterior deck. Views over the tree tops. Kitchen with eating area. Living room with hardwood floors.  Nice size main bedroom with hardwood floors. Cosmetic updates will make this "your" home with design and colors.  Newer Boiler and water tank. Town currently plows street in winter. Wakefield has Train station, bus routes, downtown shopping and Melrose/Wakefield Hospital. Access to Rt 95/128 short distance to Rt 93 and Rt 1.  Enjoy the nature of Lake Quannapowitt, events on the common throughout the year, the signature event  4th of July Parade running since 1920's.  This may be the one for you. Don't hesitate, you won't want to miss it.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$538
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
1949

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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: 2 years ago (MLSPIN #73351399)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Premium
Sold
Apr 17, 2025 In contract -
In contract
Apr 16, 2025 Relisted $619,900
Relisted
Apr 9, 2025 Delisted -
Delisted
Apr 4, 2025 In contract -
In contract
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,596
  • Total Building Area: 1,152
  • Gross Building Area: 2,668
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000266
  • 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: 39095
  • District: 305
  • Parcel: WAKE M:000019 B:0224 P:000217
  • Block: 224
  • Municipality: WAKEFIELD
  • Latitude: 42.498
  • Longitude: -71.0613

    Address

  • Full Address: 42 Herbert St
  • Address - House Number: 42
  • Address - Street Name: Herbert
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C038
  • 4-Digit Zip Code: 3375
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $672,600

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 653,136
  • High Value: 760,592
  • Low Value: 545,681

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $597,900
  • Assessed Land Value: $380,400
  • Assessed Improvements Value: $217,500
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:

$779,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1915 ft²

Average Home Age

72.3 years

Currently For Sale

52 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

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73351399

Frequently Asked Questions

When was property at 42 Herbert Street built and last sold?
The property at 42 Herbert Street was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 42 Herbert Street is $624,510.
What are some comparable homes to 42 Herbert Street?
There are currently no comparable homes to 42 Herbert Street.
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