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Wakefield 01880
58 Wave Avenue
$775,000
● House - Off Market

58 Wave Avenue

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,112 Ft²
$658,602
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Sensational Cape style home on a fantastic corner lot enclosed with a charming picket fence a short walk from The Lake! This refreshed residence checks all the boxes. A few of the best features of this home are the open concept main level with farmhouse kitchen; 3 full baths; 3 levels of living; sunny  office;   home gym in basement; fenced in yard with in ground pool & detached garage.  Amenities include gas cooking & heating; hardwood floors; shed storage; fully applianced kitchen; stylish decor & so much more!  This adorable home is the gem you have been waiting for!
Unit Size
2,112 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$308
Property Type
House
Property Taxes
$555
HOA Dues
-
Year Built
1944

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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 #72960455)

Price History

Date / Event Date Event Price
May 9, 2022 Sold
Premium
Sold
Mar 31, 2022 Listed by Redfin Corp. $649,900
Listed by Redfin Corp.
Feb 28, 2018 Sold
Premium
Sold
Oct 18, 2017 Listed by Redfin Corp. $439,000
Listed by Redfin Corp.
May 25, 2000 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 768
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,777
  • Total Building Area: 1,728
  • Gross Building Area: 2,400
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • 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: 27001
  • District: 305
  • Parcel: WAKE M:000015 B:0034 P:0000D1
  • Block: 34
  • Municipality: WAKEFIELD
  • Latitude: 42.5121
  • Longitude: -71.0668

    Address

  • Full Address: 58 Wave Ave
  • Address - House Number: 58
  • Address - Street Name: Wave
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1833
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $804,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 772,833
  • High Value: 899,981
  • Low Value: 645,684

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $715,200
  • Assessed Land Value: $410,400
  • Assessed Improvements Value: $304,800

    Sales

  • Current Sale Contract Date: May 09, 2022
  • Current Sale Recording Date: May 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1913451
  • Previous Sale Recording Date: Feb 28, 2018
  • Previous Sale Amount: $430,000
  • 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:

$785,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2020 ft²

Average Home Age

70.6 years

Currently For Sale

47 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# 72960455

Frequently Asked Questions

When was property at 58 Wave Avenue built and last sold?
The property at 58 Wave Avenue was built in 1944 and last sold on May 9, 2022 for $775,000.
How much is this home worth?
The estimated value of the home located at 58 Wave Avenue is $682,388.
What are some comparable homes to 58 Wave Avenue?
There are currently no comparable homes to 58 Wave Avenue.
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