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Wakefield 01880
5 Sylvan Ave
$654,000
● House - Off Market

5 Sylvan Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,564 Ft²
$667,536
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Welcome home.  Beautiful sunny center entrance colonial on corner lot. The fully applianced kitchen with white cabinets has granite counter tops, stainless steel appliances and recessed lighting.  Open floor plan with dining area includes built-in china cabinet.  Screened in porch looks out on newly fenced in yard and paver patio.  The living room with fireplace completes the first level.  Upstairs are three generous size bedrooms, all with two closets.  The full bathroom has a new vanity and tiled tub with shower. The third bedroom has electric heat and is located off the second bedroom.  Hardwood floors through out.
Unit Size
1,564 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$415
Property Type
House
Property Taxes
$549
HOA Dues
-
Year Built
1947

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72994217)

Price History

Date / Event Date Event Price
Jul 25, 2022 Sold
Premium
Sold
Jun 8, 2022 Listed by William Raveis R.E. & Home Services $649,000
Listed by William Raveis R.E. & Home Services
Mar 20, 2017 Sold
Premium
Sold
Jan 14, 2017 Listed by William Raveis R.E. & Home Services $449,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 572
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,564
  • Gross Building Area: 2,246
  • Building Area: 1,564
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,564
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: GR

Geography

  • Account Number: 16441
  • District: 305
  • Parcel: WAKE M:000010 B:0089 P:00007E
  • Block: 89
  • Municipality: WAKEFIELD
  • Latitude: 42.4958
  • Longitude: -71.0753

    Address

  • Full Address: 5 Sylvan Ave
  • Address - House Number: 5
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C012
  • 4-Digit Zip Code: 3119
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $722,400

    Appraisal Valuation

  • Standard Deviation: 0.1572
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 721,584
  • High Value: 835,017
  • Low Value: 608,150

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $642,100
  • Assessed Land Value: $348,100
  • Assessed Improvements Value: $294,000

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Jul 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 112947
  • Previous Sale Recording Date: Mar 20, 2017
  • Previous Sale Amount: $465,000
  • 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

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2008 ft²

Average Home Age

71.6 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,715 /mo

  • 1 Bed
  • 1 Bath
  • 831 ft²
200 Quannapowitt Parkway #A10J, 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# 72994217

Frequently Asked Questions

When was property at 5 Sylvan Avenue built and last sold?
The property at 5 Sylvan Avenue was built in 1947 and last sold on Jul 25, 2022 for $654,000.
How much is this home worth?
The estimated value of the home located at 5 Sylvan Avenue is $658,537.
What are some comparable homes to 5 Sylvan Avenue?
There are currently no comparable homes to 5 Sylvan Avenue.
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