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Wakefield 01880
557 North Avenue
$565,000
● House - Off Market

557 North Avenue

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,309 Ft²
$534,135
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Location is key with this incredibly well maintained, 2 bedroom 1.5 bath Cape, in the most desirable area of Wakefield.  If you enjoy walking, jogging or biking around a beautiful lake, then you must come see this lovingly cared for home, minutes to Lake Quannapowitt and America's original private boating club.  Hardwood Floors throughout, Granite Countertops and Central Air are just a few of the great features that come with this home.   The bus stop is minutes from your front door and the T station is just down the street!  Minutes to Major Highways and plenty of Shopping and Dining options.  Keep the car protected from the snow this winter in the detached  garage & come add you own touches!  Showings begin at Open House Saturday 10/30 - 12:00-2:00.
Unit Size
1,309 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$382
Property Type
House
Property Taxes
$482
HOA Dues
-
Year Built
1950

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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 #72913299)

Price History

Date / Event Date Event Price
Feb 28, 2022 Sold
Premium
Sold
Oct 27, 2021 Listed by Clockhouse Realty, Inc. $499,900
Listed by Clockhouse Realty, Inc.
Apr 25, 1984 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 748
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,866
  • Total Building Area: 1,309
  • Gross Building Area: 2,328
  • Building Area: 1,309
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,309
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000226
  • 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: 4386
  • District: 305
  • Parcel: WAKE M:000005 B:0100 P:000C19
  • Block: 100
  • Municipality: WAKEFIELD
  • Latitude: 42.5126
  • Longitude: -71.0842

    Address

  • Full Address: 557 North Ave
  • Address - House Number: 557
  • Address - Street Name: North
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C017
  • 4-Digit Zip Code: 1629
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $596,400

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 630,802
  • High Value: 748,200
  • Low Value: 513,404

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $530,100
  • Assessed Land Value: $340,800
  • Assessed Improvements Value: $189,300

    Sales

  • Current Sale Contract Date: Feb 28, 2022
  • Current Sale Recording Date: Feb 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30608
  • Previous Sale Recording Date: Apr 25, 1984
  • Previous Sale Amount: $85,900
  • 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:

$782,450

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1876 ft²

Average Home Age

66.7 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

$3,620 /mo

  • 2 Beds
  • 2 Baths
  • 1,057 ft²
200 Quannapowitt Parkway #B16B, 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# 72913299

Frequently Asked Questions

When was property at 557 North Avenue built and last sold?
The property at 557 North Avenue was built in 1950 and last sold on Feb 28, 2022 for $536,750.
How much is this home worth?
The estimated value of the home located at 557 North Avenue is $518,846.
What are some comparable homes to 557 North Avenue?
There are currently no comparable homes to 557 North Avenue.
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