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Wakefield 01880
47 Madison Ave
$370,000
● House - Off Market

47 Madison Ave

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,716 Ft²
$528,747
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

This charming Colonial is loaded with potential. Enter into three season porch which leads to living room  and small den/office area. Formal dining room, large eat in kitchen, two bedrooms and bath complete the main living area. Second floor attic space offers flexibility for additional living area. Many updates include: newer roof, newer heating system, newer windows, and newer low maintenance front stairs.  Some TLC on the inside will go a long way and make this gem sparkle! Situated in a quaint Greenwood neighborhood, this is an opportunity that does not come around often, don't miss this one!
Unit Size
1,716 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$216
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1930

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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 #72480086)

Price History

Date / Event Date Event Price
May 13, 2019 Sold
Premium
Sold
Apr 10, 2019 Listed by Coldwell Banker Residential Brokerage - Winchester $369,900
Listed by Coldwell Banker Residential Brokerage - Winchester

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1952
  • 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: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,144
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 1,716
  • Gross Building Area: 3,471
  • Building Area: 1,716
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,716
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 47669
  • District: 305
  • Parcel: WAKE M:000024 B:0134 P:000214
  • Block: 134
  • Municipality: WAKEFIELD
  • Latitude: 42.4803
  • Longitude: -71.0622

    Address

  • Full Address: 47 Madison Ave
  • Address - House Number: 47
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C016
  • 4-Digit Zip Code: 4264
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $656,000

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 658,611
  • High Value: 781,184
  • Low Value: 536,037

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $583,100
  • Assessed Land Value: $343,900
  • Assessed Improvements Value: $239,200

    Sales

  • Current Sale Contract Date: May 07, 2019
  • Current Sale Recording Date: May 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 61277

    Financing

  • First Mortgage Financing Type: ADJ
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72480086

Frequently Asked Questions

When was property at 47 Madison Avenue built and last sold?
The property at 47 Madison Avenue was built in 1930 and last sold on May 7, 2019 for $370,000.
How much is this home worth?
The estimated value of the home located at 47 Madison Avenue is $401,779.
What are some comparable homes to 47 Madison Avenue?
There are currently no comparable homes to 47 Madison Avenue.
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