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Wakefield 01880
520 Water St
$620,000
● House - Off Market

520 Water St

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,124 Ft²
$855,035
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Fabulous Expanded Cape Cod features 8+ rooms, 3-4 bedrooms and 4 bathrooms. Superbly maintained and in immaculate condition. Features include hardwood floors, gas fireplace, central A/C. A lovely first floor Master Bedroom suite with full bath including Jacuzzi tub, and cherry flooring. Formal diningroom. A first floor Den, with sliders out to a private deck that overlooks a nice backyard buffered by acres of woodlands... Lower level playroom/ familyroom has a full walkout. There is a bonus room with private entrance and Bathroom in the rear for guest or in law possibilities. The young (1995) 26X24 Detached 2-Car garage is a great place to store your vehicles..or work on them! It has a full car lift in it for the enthusiasts and hobbyists, high end epoxy floor, and stairs to a second floor loft.
Unit Size
2,124 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$282
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1958

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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: 5 months ago (MLSPIN #72518117)

Price History

Date / Event Date Event Price
Jul 31, 2019 Sold
Premium
Sold
Jun 13, 2019 Listed by Boardwalk Real Estate $599,900
Listed by Boardwalk Real Estate
Jan 5, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,168
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 2,708
  • Gross Building Area: 4,064
  • Building Area: 2,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,708
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: 73584
  • District: 305
  • Parcel: WAKE M:000040 B:0128 P:00044A
  • Block: 128
  • Municipality: WAKEFIELD
  • Latitude: 42.4991
  • Longitude: -71.044

    Address

  • Full Address: 520 Water St
  • Address - House Number: 520
  • 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: $852,200

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 873,017
  • High Value: 1,026,411
  • Low Value: 719,623

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $757,500
  • Assessed Land Value: $324,000
  • Assessed Improvements Value: $433,500

    Sales

  • Current Sale Contract Date: Jul 29, 2019
  • Current Sale Recording Date: Jul 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 111805
  • Previous Sale Recording Date: Jan 05, 1993
  • Previous Sale Amount: $160,000
  • 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:

$775,000

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2090 ft²

Average Home Age

85.2 years

Currently For Sale

45 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: 5 months ago
Data Source: MLS PIN, MLS# 72518117

Frequently Asked Questions

When was property at 520 Water Street built and last sold?
The property at 520 Water Street was built in 1958 and last sold on Jul 29, 2019 for $620,000.
How much is this home worth?
The estimated value of the home located at 520 Water Street is $620,265.
What are some comparable homes to 520 Water Street?
There are currently no comparable homes to 520 Water Street.
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