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Wakefield 01880
502 Water Street
$444,000
● House - Off Market

502 Water Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,700 Ft²
$797,520
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Picturesque Colonial Farmhouse circa 1880's on 17,000+ sq. ft. lot boasts professional landscaping with Koi Pond and waterfall! Tasteful updates with attention to period detail. Open floor plan with S/S appliances, including 6 burner Viking stove. Custom designed birch cabinets, granite counter tops and center island w/Tiger maple create a modern day farmhouse feel. Hand painted murals adorn the walls of staircase and guest bedroom. Newer bath with farm sink, jetted tub and *electric fireplace are some of the many bells and whistles. This home combines detail and workmanship from an era gone by. Two car detached garage, irrigation system and more!  Don't miss this one!!
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$259
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1850

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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: 6 months ago (MLSPIN #71663876)

Price History

Date / Event Date Event Price
Jul 2, 2014 Sold
Premium
Sold
Apr 21, 2014 Listed by Century 21 Commonwealth $439,900
Listed by Century 21 Commonwealth
Mar 31, 1997 Sold
Premium
Sold
Sep 7, 1996 Listed by Century 21 Commonwealth $194,500
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1964
  • 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: 5
  • 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: 776
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,524
  • Total Building Area: 1,614
  • Gross Building Area: 3,352
  • Building Area: 1,614
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,614
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000402
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • Account Number: 73226
  • District: 305
  • Parcel: WAKE M:000040 B:122A P:000043
  • Block: 122A
  • Municipality: WAKEFIELD
  • Latitude: 42.4993
  • Longitude: -71.0452

    Address

  • Full Address: 502 Water St
  • Address - House Number: 502
  • Address - Street Name: Water
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C024
  • 4-Digit Zip Code: 3542
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $761,700

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 762,614
  • High Value: 929,164
  • Low Value: 596,063

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $677,100
  • Assessed Land Value: $364,600
  • Assessed Improvements Value: $312,500

    Sales

  • Current Sale Recording Date: Jul 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1674906
  • Previous Sale Recording Date: Mar 31, 1997
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 43
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:

$774,900

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2075 ft²

Average Home Age

81.7 years

Currently For Sale

51 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71663876

Frequently Asked Questions

When was property at 502 Water Street built and last sold?
The property at 502 Water Street was built in 1850 and last sold on Jan 1, 1970 for $444,000.
How much is this home worth?
The estimated value of the home located at 502 Water Street is $461,570.
What are some comparable homes to 502 Water Street?
There are currently no comparable homes to 502 Water Street.
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