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Reading 01867
57 Wakefield St
$550,000
● House - Off Market

57 Wakefield St

Reading, MA 01867
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,068 Ft²
$653,858
RealtyHop Estimate
25.77%
Since Feb 1, 2021
MA-Boston
Primary Model

About This Property

GOT VISION?  This one owner home offers you a unique opportunity to make it your dream home!  Keep the current floor plan on the first floor or use your imagination and change it up.  The second floor is a blank slate for you to add more bedrooms or whatever you need most.  The walk up attic has already been fully dormered and plumbing brought up for a second bathroom.  Full basement with high enough ceilings so you can add finished space there as well. You'll love the fabulous back yard and wonderful neighborhood! Great location for easy commuting whether by car or train.  This house will be well worth the effort put into it to make it your happy home.  Opportunities to see this wonderful home at PRIVATE SHOWINGS BY APPOINTMENT and OPEN HOUSES on SAT & SUN 11am - 1pm.
Unit Size
1,068 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$487
Property Type
House
Property Taxes
$607
HOA Dues
-
Year Built
1949

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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 #72734976)

Price History

Date / Event Date Event Price
Jan 22, 2021 Sold
Premium
Sold
Sep 30, 2020 Listed by William Raveis R.E. & Home Services $519,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 8
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,068
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,198
  • Total Building Area: 2,136
  • Gross Building Area: 3,720
  • Building Area: 2,136
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,136
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000349
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334400

Zoning

  • Zoning: S20

Geography

  • Account Number: 1650000000
  • Parcel: READ M:035.0-0000-0107.0
  • Municipality: READING
  • Latitude: 42.5387
  • Longitude: -71.0912

    Address

  • Full Address: 57 Wakefield St
  • Address - House Number: 57
  • Address - Street Name: Wakefield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C016
  • 4-Digit Zip Code: 1852
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,106,800

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 880,720
  • High Value: 1,039,354
  • Low Value: 722,086

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $944,400
  • Assessed Land Value: $481,800
  • Assessed Improvements Value: $462,600

    Sales

  • Current Sale Contract Date: Jan 20, 2021
  • Current Sale Recording Date: Jan 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15707
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 Reading

Stats & Trends

Median Asking:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2173 ft²

Average Home Age

54 years

Currently For Sale

35 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

$3,630 /mo

  • 2 Beds
  • 2 Baths
  • 1,238 ft²
200 Quannapowitt Parkway #B5, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72734976

Frequently Asked Questions

When was property at 57 Wakefield Street built and last sold?
The property at 57 Wakefield Street was built in 1949 and last sold on Jan 20, 2021 for $550,000.
How much is this home worth?
The estimated value of the home located at 57 Wakefield Street is $0.
What are some comparable homes to 57 Wakefield Street?
There are currently no comparable homes to 57 Wakefield Street.
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