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Wakefield 01880
540 North Ave
Photo of 540 North Ave

1

Map

$349,900
● House - Off Market

540 North Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,088 Ft²
$1,994
Est. Monthly

About This Property

This wonderful home is a joy to show. "New" kitchen with plenty of cabinet space and beautiful granite counter tops. Hard wood floors, fireplace, new windows, dining room,  three bedrooms, and a lovely, fenced yard. This home is located directly across the street from Lake Quannapowitt. Close to major highways and shopping areas.
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$322
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1942

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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 #71131771)

Price History

Date / Event Date Event Price
Apr 23, 2020 Sold
Premium
Sold
Sep 3, 2010 Listed by First Team Realty, LLC $349,900
Listed by First Team Realty, LLC
Jul 17, 2006 Sold
Premium
Sold
Feb 21, 2006 Listed by First Team Realty, LLC $372,500
Listed by First Team Realty, LLC
Apr 30, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1968
  • 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: 4
  • 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: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,556
  • Total Building Area: 1,088
  • Gross Building Area: 2,276
  • Building Area: 1,088
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,088
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000151
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: SR

Geography

  • Account Number: 4571
  • District: 305
  • Parcel: WAKE M:000005 B:0065 P:0000QA
  • Block: 65
  • Municipality: WAKEFIELD
  • Latitude: 42.5112
  • Longitude: -71.0833

    Address

  • Full Address: 540 North Ave
  • Address - House Number: 540
  • Address - Street Name: North
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C017
  • 4-Digit Zip Code: 1611
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $596,000

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 598,207
  • High Value: 709,539
  • Low Value: 486,875

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $529,800
  • Assessed Land Value: $311,000
  • Assessed Improvements Value: $218,800

    Sales

  • Current Sale Contract Date: Apr 16, 2020
  • Current Sale Recording Date: Apr 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59981
  • Previous Sale Recording Date: Jul 17, 2006
  • Previous Sale Amount: $355,000
  • 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:

$779,900

Sale Price/ft²

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1855 ft²

Average Home Age

64.4 years

Currently For Sale

47 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

$3,430 /mo

  • 2 Beds
  • 2 Baths
  • 1,077 ft²
200 Quannapowitt Parkway #B16J, 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# 71131771

Frequently Asked Questions

When was property at 540 North Avenue built and last sold?
The property at 540 North Avenue was built in 1942 and last sold on Apr 16, 2020 for $450,000.
How much is this home worth?
The estimated value of the home located at 540 North Avenue is $336,950.
What are some comparable homes to 540 North Avenue?
There are currently no comparable homes to 540 North Avenue.
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