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Wakefield 01880
5 2nd
$700,000
● House - Off Market

5 2nd

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,556 Ft²
$603,528
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Fantastic Ranch in move-right-in-condition!!!! Ideally set on a level lot, great backyard, quiet dead end street. Beautiful oak hardwood flooring throughout, open floor plan in Livingroom, Diningroom and Kitchen. Rich granite countertops, pendant lighting and a breakfast peninsula with barstools. Direct access off Kitchen to a large deck. Three nice sized bedrooms with fans and updated full bath. Warm and cozy Familyroom in lower level. Separate laundry room, huge storage room and a utility room as well. Pull down stairs to attic-floored and great storage. Roof stripped and replaced in 2014. 100 amp CB panel. Short distance to Downtown Wakefield, shopping, restaurants and Lake Quannapowitt recreational area!!!
Unit Size
1,556 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$392
Property Type
House
Property Taxes
$527
HOA Dues
-
Year Built
1950

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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 #73135640)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jul 18, 2023 In contract -
In contract
Jul 12, 2023 Listed by Century 21 Tradition $609,900
Listed by Century 21 Tradition
May 18, 1998 Sold
Premium
Sold
Jun 25, 1991 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,290
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,290
  • Gross Building Area: 2,772
  • Building Area: 1,290
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,290
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335302

Zoning

  • Zoning: GR

Geography

  • Account Number: 59483
  • District: 305
  • Parcel: WAKE M:000030 B:0076 P:00A31A
  • Block: 76
  • Municipality: WAKEFIELD
  • Latitude: 42.5051
  • Longitude: -71.0601

    Address

  • Full Address: 5 2nd St
  • Address - House Number: 5
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 2534
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $664,700

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 664,336
  • High Value: 784,374
  • Low Value: 544,297

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $590,800
  • Assessed Land Value: $359,000
  • Assessed Improvements Value: $231,800

    Sales

  • Current Sale Contract Date: Sep 01, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 99345
  • Previous Sale Recording Date: May 18, 1998
  • Previous Sale Amount: $193,000
  • 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 Wakefield

Stats & Trends

Median Asking:

$787,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1956 ft²

Average Home Age

73.3 years

Currently For Sale

49 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# 73135640

Frequently Asked Questions

When was property at 5 2nd Street built and last sold?
The property at 5 2nd Street was built in 1950 and last sold on Sep 1, 2023 for $700,000.
How much is this home worth?
The estimated value of the home located at 5 2nd Street is $631,271.
What are some comparable homes to 5 2nd Street?
There are currently no comparable homes to 5 2nd Street.
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