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Wakefield 01880
55 Salem Street
$374,900
● House - Off Market

55 Salem Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,727 Ft²
$780,392
RealtyHop Estimate
108.16%
Since Jan 1, 2013
MA-Boston
Primary Model

About This Property

Beautifully maintained 3 bed 2 bath cape w/flex floor plan close to The Lake offers oversized Kitchen, light filled Living Room, 1st floor Laundry, 1st floor Den/Dining  Room w/sliders to well thought out lovely landscaped yard.  Plenty of parking in young driveway. Charming & useful built ins throughout this home along w/ great updates including young 1st floor bath addition, oversized second floor full bath, windows, water heater and fence.  Oil heat with gas stove allows for easy conversion.
Unit Size
1,727 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$217
Property Type
House
Property Taxes
$377
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: 5 months ago (MLSPIN #71448572)

Price History

Date / Event Date Event Price
Dec 11, 2012 Sold
Premium
Sold
Oct 17, 2012 Listed by RE/MAX Leading Edge $374,900
Listed by RE/MAX Leading Edge
Aug 23, 2002 Sold
Premium
Sold
Jun 12, 2002 Listed by RE/MAX Leading Edge $349,900
Listed by RE/MAX Leading Edge
Jun 30, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 791
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,619
  • Total Building Area: 1,727
  • Gross Building Area: 2,933
  • Building Area: 1,727
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,727
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: GR

Geography

  • Account Number: 29903
  • District: 305
  • Parcel: WAKE M:000016 B:0125 P:000088
  • Block: 125
  • Municipality: WAKEFIELD
  • Latitude: 42.5097
  • Longitude: -71.0668

    Address

  • Full Address: 55 Salem St
  • Address - House Number: 55
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C017
  • 4-Digit Zip Code: 1839
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $740,600

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 773,606
  • High Value: 942,557
  • Low Value: 604,654

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $658,300
  • Assessed Land Value: $339,300
  • Assessed Improvements Value: $319,000

    Sales

  • Current Sale Recording Date: Dec 11, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000027
  • Previous Sale Recording Date: Aug 23, 2002
  • Previous Sale Amount: $349,900
  • 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:

$779,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1957 ft²

Average Home Age

75.3 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,455 /mo

  • 2 Beds
  • 2 Baths
  • 1,016 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: 5 months ago
Data Source: MLS PIN, MLS# 71448572

Frequently Asked Questions

When was property at 55 Salem Street built and last sold?
The property at 55 Salem Street was built in 1850 and last sold on Jan 1, 1970 for $374,900.
How much is this home worth?
The estimated value of the home located at 55 Salem Street is $398,037.
What are some comparable homes to 55 Salem Street?
There are currently no comparable homes to 55 Salem Street.
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