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Wakefield 01880
516 Lowell Street
$522,525
● House - Off Market

516 Lowell Street

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,612 Ft²
$845,785
RealtyHop Estimate
59.61%
Since May 1, 2017
MA-Boston
Primary Model

About This Property

Wonderful Opportunity To Bring This Solid, Classic 1920 Hip Roof Colonial Back To Its Potential. Very Livable As Is But Great Chance For Investor Or Sweat Equity Buyer. Front To Back Fire Placed Living Room, Den And Screened Sun Room Add  To The Formal Dining Room And Kitchen With Pantry Plus Full Bath And Laundry On First Floor. Five Rooms Including Partial Kitchen On Second Floor Along With Full Bath And Easy Access To Expansion On Third Floor. Wonderful Large And Level Fenced Back Yard And Great Curb Appeal Only Add To The Appeal Of This Rare Offering. Call Or Email Listing Agent For Showings And Additional Information.
Unit Size
2,612 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$203
Property Type
House
Property Taxes
$585
HOA Dues
-
Year Built
1920

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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 #72118885)

Price History

Date / Event Date Event Price
Apr 28, 2017 Sold
Premium
Sold
Feb 14, 2017 Listed by Century 21 Commonwealth $529,900
Listed by Century 21 Commonwealth
Nov 26, 2013 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,352
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,543
  • Total Building Area: 2,612
  • Gross Building Area: 4,885
  • Building Area: 2,612
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,612
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000311
  • 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: 69972
  • District: 305
  • Parcel: WAKE M:000037 B:0095 P:00002B
  • Block: 95
  • Municipality: WAKEFIELD
  • Latitude: 42.5164
  • Longitude: -71.0555

    Address

  • Full Address: 516 Lowell St
  • Address - House Number: 516
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2013
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $859,300

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 884,200
  • High Value: 1,039,559
  • Low Value: 728,841

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $763,800
  • Assessed Land Value: $382,200
  • Assessed Improvements Value: $381,600

    Sales

  • Current Sale Recording Date: Apr 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 62517
  • Previous Sale Recording Date: Nov 26, 2013
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

1964 ft²

Average Home Age

72.4 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

$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# 72118885

Frequently Asked Questions

When was property at 516 Lowell Street built and last sold?
The property at 516 Lowell Street was built in 1920 and last sold on Jan 1, 1970 for $522,525.
How much is this home worth?
The estimated value of the home located at 516 Lowell Street is $567,497.
What are some comparable homes to 516 Lowell Street?
There are currently no comparable homes to 516 Lowell Street.
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