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Wakefield 01880
44 Forrester Rd
$1,000,000
● House - Off Market

44 Forrester Rd

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,219 Ft²
$879,147
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

You can stop your search right here! 4 bedrooms, 3.5 baths including a primary suite and a FIRST FLOOR BEDROOM and first floor full bath! Young central air, high efficiency furnace, water heater, many new windows and roof! Can't forget the young kitchen appliances, 2 washer dryer hook ups, closets closets closets and for the outdoor lover a beautiful patio in the level back yard, Leland Cyprus trees, hydrangeas, lovely stone wall and a fenced in yard with two gates! Need a playroom or office? Wait until you see the finished basement which includes a bathroom! Incredibly well located in the Dolbeare neighborhood less than a mile to Lake Quannapowitt, just .3 miles to the 137 bus to Oak Grove and Malden Center or Reading Depot (commuter rail), under 1 mile to route 128 and less than ½ mile to Meletharb's ice cream!
Unit Size
2,219 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$394
Property Type
House
Property Taxes
$687
HOA Dues
-
Year Built
1951

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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 #73097305)

Price History

Date / Event Date Event Price
May 25, 2023 Sold
Premium
Sold
Apr 19, 2023 In contract -
In contract
Apr 11, 2023 Listed by North Star Realtors LLC $875,000
Listed by North Star Realtors LLC
May 31, 2018 Sold
Premium
Sold
Mar 4, 2018 Listed by North Star Realtors LLC $439,900
Listed by North Star Realtors LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 8
  • 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: 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: 877
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,176
  • Total Building Area: 2,193
  • Gross Building Area: 3,267
  • Building Area: 2,193
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,193
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000188
  • 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: 75168
  • District: 305
  • Parcel: WAKE M:00014A B:0113 P:000B61
  • Block: 113
  • Municipality: WAKEFIELD
  • Latitude: 42.5181
  • Longitude: -71.0684

    Address

  • Full Address: 44 Forrester Rd
  • Address - House Number: 44
  • Address - Street Name: Forrester
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1738
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $847,100

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 835,075
  • High Value: 972,464
  • Low Value: 697,687

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $753,000
  • Assessed Land Value: $364,600
  • Assessed Improvements Value: $388,400

    Sales

  • Current Sale Contract Date: May 25, 2023
  • Current Sale Recording Date: May 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54681
  • Previous Sale Recording Date: May 31, 2018
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: O
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

2020 ft²

Average Home Age

70.6 years

Currently For Sale

47 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

$3,130 /mo

  • 1 Bed
  • 1 Bath
  • 909 ft²
200 Quannapowitt Parkway #A5, 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# 73097305

Frequently Asked Questions

When was property at 44 Forrester Road built and last sold?
The property at 44 Forrester Road was built in 1951 and last sold on May 25, 2023 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 44 Forrester Road is $897,172.
What are some comparable homes to 44 Forrester Road?
There are currently no comparable homes to 44 Forrester Road.
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