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Wakefield 01880
552 North Avenue
$415,500
● House - Off Market

552 North Avenue

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath
square feet
840 Ft²
$551,541
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Showings start immediately. A well-maintained charming and comfortable home in a highly desirable area. Rare opportunity to purchase this property in ideal location close to area amenities and on the desirable walking route surrounding Lake Quannapowitt. Tall ceilings, beautifully refinished wood flooring and moldings. Newer gas stove for cooking. Washer and dryer in basement, with plenty of space for storage and divider wall for possible play room. Sunroom on backside of home. One car garage with fenced-in backyard. Walking path is approximately 3.3 miles around lake. Other activities include boating/kayaking, park, playground, ball fields, bandstand, plus restaurants and thriving town center to enjoy. Easy access to the train or to both Route. 128, Route. 93.
Unit Size
840 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$487
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1925

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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 #72667976)

Price History

Date / Event Date Event Price
Jul 30, 2020 Sold
Premium
Sold
Jun 4, 2020 Listed by Savage Realty Group $409,000
Listed by Savage Realty Group
Aug 15, 1977 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 840
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 840
  • Gross Building Area: 1,808
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 840
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 4554
  • District: 305
  • Parcel: WAKE M:000005 B:0074 P:000Q14
  • Block: 74
  • Municipality: WAKEFIELD
  • Latitude: 42.5118
  • Longitude: -71.084

    Address

  • Full Address: 552 North Ave
  • Address - House Number: 552
  • Address - Street Name: North
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C017
  • 4-Digit Zip Code: 1632
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $534,900

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 529,087
  • High Value: 618,300
  • Low Value: 439,874

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $475,500
  • Assessed Land Value: $297,000
  • Assessed Improvements Value: $178,500

    Sales

  • Current Sale Contract Date: Jul 30, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126123
  • Previous Sale Recording Date: Aug 15, 1977
  • Previous Sale Amount: $39,500
  • 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

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1954 ft²

Average Home Age

80.6 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

$3,355 /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: 5 months ago
Data Source: MLS PIN, MLS# 72667976

Frequently Asked Questions

When was property at 552 North Avenue built and last sold?
The property at 552 North Avenue was built in 1925 and last sold on Jul 30, 2020 for $415,500.
How much is this home worth?
The estimated value of the home located at 552 North Avenue is $415,872.
What are some comparable homes to 552 North Avenue?
There are currently no comparable homes to 552 North Avenue.
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