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Wakefield 01880
6 Bay St
$310,000
● House - Off Market

6 Bay St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,152 Ft²
$615,324
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Opportunity knocks to live in Wakefield. Just minutes to Lake Quannapowitt and close to the Reading and Lynnfield line......at an Affordable price too!   This three or four bedroom home has a flexible layout with lovely hardwood floors.  Plenty of storage and closet space. Full basement with high ceilings.  Nice 8,000 sq foot professionally landscaped lot & backyard retreat with irrigation system.  The enclosed three season porch is just off the kitchen and offers additional extended space for relaxing.  If you're looking for a commuters delight...look no further...very convenient to Route 128/95 public transportation and just minutes to the hip MarketStreet open air shopping center in nearby Lynnfield.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$294
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1955

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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 #71688447)

Price History

Date / Event Date Event Price
Oct 12, 2016 Sold
Premium
Sold
Jun 27, 2014 Sold
Premium
Sold
May 27, 2014 Listed by RE/MAX Andrew Realty Services $339,000
Listed by RE/MAX Andrew Realty Services

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,152
  • Gross Building Area: 2,489
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: GR

Geography

  • Account Number: 14963
  • District: 305
  • Parcel: WAKE M:00001A B:0011 P:00C12A
  • Block: 11
  • Municipality: WAKEFIELD
  • Latitude: 42.527
  • Longitude: -71.077

    Address

  • Full Address: 6 Bay St
  • Address - House Number: 6
  • Address - Street Name: Bay
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C004
  • 4-Digit Zip Code: 1002
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $668,500

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 657,486
  • High Value: 765,657
  • Low Value: 549,315

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,200
  • Assessed Land Value: $362,900
  • Assessed Improvements Value: $231,300

    Sales

  • Current Sale Recording Date: Oct 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181032
  • Previous Sale Recording Date: Jun 27, 2014
  • Previous Sale Amount: $310,000
  • 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:

$779,900

Sale Price/ft²

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1964 ft²

Average Home Age

72.4 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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, 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# 71688447

Frequently Asked Questions

When was property at 6 Bay Street built and last sold?
The property at 6 Bay Street was built in 1955 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 6 Bay Street is $351,188.
What are some comparable homes to 6 Bay Street?
There are currently no comparable homes to 6 Bay Street.
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