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Wakefield 01880
56 Prospect St
$339,700
● House - Off Market

56 Prospect St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,313 Ft²
$681,729
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Charming 3 BR home in a fantastic neighborhood! Just up the road from Lake Quannapowitt and all that has to offer. Easy access to local highways. Finished room in basement can be playroom, TV room or home office! First floor features LR, formal DR and nice hardwood flooring with a beautiful custom built kitchen with cherry cabinets and walkout to back porch with flagstone floors.Spacious, level backyard with area for lawn, playset, garden AND patio! Short Sale. Pre-approved list price by lender.
Unit Size
1,313 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$255
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1950

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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: 6 months ago (MLSPIN #71315452)

Price History

Date / Event Date Event Price
Jun 29, 2012 Sold
Premium
Sold
Nov 30, 2011 Listed by Brad Hutchinson Real Estate $334,700
Listed by Brad Hutchinson Real Estate
Apr 1, 2004 Sold
Premium
Sold
Jan 28, 1999 Sold
Premium
Sold
Oct 14, 1998 Listed $229,900
Listed
PICTUREBOOK CAPE LOCATED ON THE WEST SIDE. PRIDE OF OWNERSHIP AND QUALITY SHOWS THROUGHOUT THIS LOVELY HOME. MANY UPGRADES AND FEATURES.SEE LB FOR DETAILED SHEET. CUSTOM CHERRY KITCHEN OPENS TO A LARGE SCREENED PORCH.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 750
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,864
  • Total Building Area: 1,538
  • Gross Building Area: 2,418
  • Building Area: 1,538
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,538
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 3331M
  • Land Acres: 0000000203
  • 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: 7667
  • District: 305
  • Parcel: WAKE M:000007 B:0299 P:000M16
  • Block: 299
  • Municipality: WAKEFIELD
  • Latitude: 42.5053
  • Longitude: -71.084

    Address

  • Full Address: 56 Prospect St
  • Address - House Number: 56
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C022
  • 4-Digit Zip Code: 1564
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $766,800

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 764,531
  • High Value: 893,444
  • Low Value: 635,618

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $681,600
  • Assessed Land Value: $371,600
  • Assessed Improvements Value: $310,000

    Sales

  • Current Sale Recording Date: Jun 29, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000160
  • Previous Sale Recording Date: Apr 01, 2004
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: 48
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:

$774,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2010 ft²

Average Home Age

83.4 years

Currently For Sale

48 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

$2,415 /mo

  • Studio
  • 1 Bath
  • 589 ft²
200 Quannapowitt Parkway #S1, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71315452

Frequently Asked Questions

When was property at 56 Prospect Street built and last sold?
The property at 56 Prospect Street was built in 1950 and last sold on Jan 1, 1970 for $339,700.
How much is this home worth?
The estimated value of the home located at 56 Prospect Street is $351,765.
What are some comparable homes to 56 Prospect Street?
There are currently no comparable homes to 56 Prospect Street.
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