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Wakefield 01880
6 Cutter St
$572,500
● House - Off Market

6 Cutter St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,592 Ft²
$704,164
RealtyHop Estimate
25.77%
Since Feb 1, 2021
MA-Boston
Primary Model

About This Property

This splendid 8 room, 3 bed, 2 bath Cape Cod style home, features a gorgeous gas stove heated sun-room that looks overlooks a spacious backyard. The over-sized pool (see pics) & patio will make you long for summer. The recently finished basement is cable ready with a second bathroom and small private home office space. Front facing living room, with fireplace and dining room, with built-in china cabinet, round out the package.  Located on a small dead end street, it is only a short distance from Lake Quannapowitt and less than a mile from the Wakefield train station, Route 95, Stop & Shop, Market Basket, Home Depot, restaurants and more.
Unit Size
1,592 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$352
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1942

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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 #72767402)

Price History

Date / Event Date Event Price
Jan 26, 2021 Sold
Premium
Sold
Dec 16, 2020 Listed by RE/MAX 360 $559,900
Listed by RE/MAX 360
May 3, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,655
  • Total Building Area: 1,592
  • Gross Building Area: 2,439
  • Building Area: 1,592
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,592
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: QUANNAPOWITT VILLAGE
  • Land Acres: 0000000245
  • 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: 4597
  • District: 305
  • Parcel: WAKE M:000005 B:0067 P:0000QC
  • Block: 67
  • Municipality: WAKEFIELD
  • Latitude: 42.5111
  • Longitude: -71.0837

    Address

  • Full Address: 6 Cutter St
  • Address - House Number: 6
  • Address - Street Name: Cutter
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C017
  • 4-Digit Zip Code: 1506
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $721,600

    Appraisal Valuation

  • Standard Deviation: 0.156
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 696,394
  • High Value: 805,073
  • Low Value: 587,715

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $641,400
  • Assessed Land Value: $390,900
  • Assessed Improvements Value: $250,500

    Sales

  • Current Sale Contract Date: Jan 09, 2021
  • Current Sale Recording Date: Jan 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18046
  • Previous Sale Recording Date: May 03, 2016
  • Previous Sale Amount: $380,000
  • 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

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2008 ft²

Average Home Age

71.6 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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,325 /mo

  • 1 Bed
  • 1 Bath
  • 623 ft²
200 Quannapowitt Parkway #A7, 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# 72767402

Frequently Asked Questions

When was property at 6 Cutter Street built and last sold?
The property at 6 Cutter Street was built in 1942 and last sold on Jan 9, 2021 for $572,500.
How much is this home worth?
The estimated value of the home located at 6 Cutter Street is $577,814.
What are some comparable homes to 6 Cutter Street?
There are currently no comparable homes to 6 Cutter Street.
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