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Wakefield 01880
47 Bay State Rd
$550,000
● House - Off Market

47 Bay State Rd

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,344 Ft²
$580,278
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Owned and loved by the same family for 55 years, this sweet and charming Cape is ready for it's new owners! Perfectly situated on a corner lot, the first level of this home features a sunny eat in kitchen, a lovely living room with bay window, a first floor bedroom with full bath, and a den which can also serve as a home office space! Two additional cozy bedrooms are located on the second level. Gleaming hardwood floor throughout! The spacious screened in porch located just off the kitchen will become your favorite spot to enjoy your morning coffee or to unwind after a long day! The finished basement offers additional living space to be used in any way you wish! Conveniently located with easy access Rte 128. Enjoy nearby Lake Quannapowitt and all that Wakefield has to offer!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$409
Property Type
House
Property Taxes
$477
HOA Dues
-
Year Built
1955

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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 #73026775)

Price History

Date / Event Date Event Price
Sep 29, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $549,900
Relisted
Sep 23, 2022 In contract -
In contract
Aug 18, 2022 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $549,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 8,011
  • Total Building Area: 1,344
  • Gross Building Area: 2,480
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: GR

Geography

  • Account Number: 15464
  • District: 305
  • Parcel: WAKE M:00001A B:0004 P:000C9A
  • Block: 4
  • Municipality: WAKEFIELD
  • Latitude: 42.5275
  • Longitude: -71.0759

    Address

  • Full Address: 47 Bay State Rd
  • Address - House Number: 47
  • Address - Street Name: Bay State
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C004
  • 4-Digit Zip Code: 1045
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $627,300

    Appraisal Valuation

  • Standard Deviation: 0.1661
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 600,708
  • High Value: 700,494
  • Low Value: 500,922

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $557,600
  • Assessed Land Value: $324,100
  • Assessed Improvements Value: $233,500

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 147495
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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73026775

Frequently Asked Questions

When was property at 47 Bay State Road built and last sold?
The property at 47 Bay State Road was built in 1955 and last sold on Sep 29, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 47 Bay State Road is $560,675.
What are some comparable homes to 47 Bay State Road?
There are currently no comparable homes to 47 Bay State Road.
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