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Wakefield 01880
56 Jordan Ave.
$535,000
● House - Off Market

56 Jordan Ave.

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,420 Ft²
$777,315
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

New England Colonial four bedroom home located in the prestigious West Side area. Before entering through the front double doors, enjoy the warmth of the sun and view the charm of the neighborhood on the front porch.  Once inside, take in the original hardwood floors; proceed into the large living room with plenty of sunshine adjacent to the dining room; off the dining room is the eat-in kitchen with gas hookup; upstairs you'll find the four bedrooms, master with double closets. Just installed new gas heating system, water heater, dishwasher, disposal and custom made screens.  New driveway; two car garage. Within walking distance to commuter rail, schools, Lake Quannapowitt and downtown as well as easy access to major highways.
Unit Size
1,420 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$370
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1880

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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 #72324695)

Price History

Date / Event Date Event Price
Jul 28, 2021 Sold
Premium
Sold
Jun 16, 2021 Listed by Century 21 North East $629,900
Listed by Century 21 North East
Jul 2, 2018 Sold
Premium
Sold
May 10, 2018 Listed by Century 21 North East $525,000
Listed by Century 21 North East

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 754
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,420
  • Gross Building Area: 2,368
  • Building Area: 1,420
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,420
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: SR

Geography

  • Account Number: 89332
  • District: 305
  • Parcel: WAKE M:000008 B:113C P:00003A
  • Block: 113C
  • Municipality: WAKEFIELD
  • Latitude: 42.4952
  • Longitude: -71.0835

    Address

  • Full Address: 56 Jordan Ave
  • Address - House Number: 56
  • Address - Street Name: Jordan
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2660
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $905,200

    Appraisal Valuation

  • Standard Deviation: 0.2179
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 768,715
  • High Value: 936,263
  • Low Value: 601,166

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $804,600
  • Assessed Land Value: $446,400
  • Assessed Improvements Value: $358,200

    Sales

  • Current Sale Contract Date: Jul 28, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 169435
  • Previous Sale Recording Date: Jul 02, 2018
  • Previous Sale Amount: $535,000
  • Previous Sale Document Type: O
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

$452

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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, 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# 72324695

Frequently Asked Questions

When was property at 56 Jordan Avenue built and last sold?
The property at 56 Jordan Avenue was built in 1880 and last sold on Jul 28, 2021 for $701,000.
How much is this home worth?
The estimated value of the home located at 56 Jordan Avenue is $640,558.
What are some comparable homes to 56 Jordan Avenue?
There are currently no comparable homes to 56 Jordan Avenue.
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