$380,000
●
Condo -
Off Market
56 Chestnut St #2
Wakefield, MA 01880
2 Beds
1 Bath
1,008 Ft²
$373,941
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model
About This Property
Why rent when you can own! You can own this 4 room condo for less
than the cost of renting. Situated in a fabulous location in the
heart of Wakefield on a quiet street, within walking distance to
Lake Quannapowitt, train station, downtown & shopping, easy access
to major highways. This 2nd floor (top floor) condo also has a
large free standing garage for extra parking or work-shop space. On
hot Summer days, enjoy the inground swimming pool, shared by the
condominium triplex. Open House March 26, 27 Sat & Sun 11 AM
- 1 PM
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$366
Property Type
Condo
Property Taxes
$299
HOA Dues
$210
Year Built
1900
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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 years ago (MLSPIN #72957090)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2022 | Sold | ||
| Sold | |||
| Mar 24, 2022 | Listed by Northeast Realty, LLC | $369,000 | |
| Listed by Northeast Realty, LLC | |||
| Aug 19, 2011 | Sold | ||
| Sold | |||
| Jul 5, 2011 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $185,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
| | |||
|
Commuters dream! A min. to 128 or a block to commuter rail. Great neighborhood walking distance to the lake, shopping, and downtown restaurants. Townhouse style condo offers beautiful hardwood floors, brand new marble bath, and large sun filled master bedroom with new skylights. Plenty of closets and extra storage. New windows, heating system, and hot water tank. Two deeded parking spaces plus garage, de-leaded, very low condo fee, pool and pets allowed.
| |||
| Sep 27, 2002 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Interior Details
Level: First
Level: Second
Features: Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Features: Bathroom - Full
Level: First
Features: Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Level: First
Level: First
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Carpet, Hardwood
Rooms: 4
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, Common
Garage Spaces: 1
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: Condominium
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: GR
Parcel Number: M:000012 B:0217 P:000912, 3441735
Water Source: Public
Financial Details
Tax Assessed Value: $281,900
Tax Annual Amount: $3,589
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Insurance
HOA/Condo/Coop Amenities: Hot Water, Pool
Association Fee Frequency: Monthly
HOA Fee: $210
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Highway Access
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/24/2022
|
2 Bed
|
1 Bath
|
1008 ft²
|
$369,000
2 Bed
1 Bath
1008 ft²
|
$380,000
+2.98%
05/20/2022
|
Jane Lane
CBRB-New Homes The Residences at Robbins Brook
| |
|
10/21/2020
|
1 Bed
|
1 Bath
|
725 ft²
|
$225,000
1 Bed
1 Bath
725 ft²
|
$206,000
-8.44%
12/15/2020
|
Connie Aliberti
Barrett Sotheby's International Realty
| |
|
07/05/2011
|
2 Bed
|
1 Bath
|
1008 ft²
|
$185,000
2 Bed
1 Bath
1008 ft²
|
$190,000
+2.70%
08/19/2011
|
Harry Providakes
Century 21 Commonwealth
| |
|
09/01/2007
|
1 Bed
|
1 Bath
|
725 ft²
|
$175,000
1 Bed
1 Bath
725 ft²
|
$170,000
-2.86%
09/27/2007
|
Jeanette Coombs
Boardwalk Real Estate
| |
|
08/10/2002
|
2 Bed
|
1 Bath
|
1208 ft²
|
$219,900
2 Bed
1 Bath
1208 ft²
|
$219,900
09/27/2002
|
Donald Inman
Barrett, Chris. J., REALTORS®
| |
|
11/07/1999
|
Loft
|
1 Bath
|
-
|
$145,900
Loft
1 Bath
|
$142,000
-2.67%
12/08/2000
|
Donald Inman
Barrett, Chris. J., REALTORS®
| |
|
09/13/1999
|
1 Bed
|
1 Bath
|
708 ft²
|
$114,900
1 Bed
1 Bath
708 ft²
|
$114,900
11/15/1999
|
Howard Thompson
Barrett, Chris. J., REALTORS®
|
Building Info
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