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Wakefield 01880
6 Velma Road
$1,200,000
● House - Off Market

6 Velma Road

Wakefield, MA 01880
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,438 Ft²
$1,357,710
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

First open houses this weekend: Saturday & Sunday from 12-2! Prime west side location! This stately brick center entrance Colonial was designed for distinction. Located on a cul-de-sac, this 5BR home has an exceptional gracious floor plan including 13 rooms spread out over 4 finished levels. Many upgrades have been done including the roof, A/C, gas conversion & boiler, HW tank, bathrooms, inlaid hardwood floors, crown molding, and a gas insert fireplace in the family room. A short distance to Lake Quannapowitt & the commuter rail. A perfect place to call home.
Unit Size
4,438 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$266
Property Type
House
Property Taxes
$929
HOA Dues
-
Year Built
1992

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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 #72817698)

Price History

Date / Event Date Event Price
Jun 11, 2021 Sold
Premium
Sold
Apr 20, 2021 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $1,179,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jun 12, 2008 Sold
Premium
Sold
Dec 16, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,726
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,549
  • Total Building Area: 4,438
  • Gross Building Area: 6,326
  • Building Area: 4,438
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,438
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J WILLIAM BRUKE
  • Land Acres: 0000000334
  • 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: 88364
  • District: 305
  • Parcel: WAKE M:000007 B:304C P:0032B1
  • Block: 304C
  • Municipality: WAKEFIELD
  • Latitude: 42.5042
  • Longitude: -71.0847

    Address

  • Full Address: 6 Velma Rd
  • Address - House Number: 6
  • Address - Street Name: Velma
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C022
  • 4-Digit Zip Code: 1500
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,435,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,415,088
  • High Value: 1,665,934
  • Low Value: 1,164,242

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,276,200
  • Assessed Land Value: $383,000
  • Assessed Improvements Value: $893,200

    Sales

  • Current Sale Contract Date: Jun 11, 2021
  • Current Sale Recording Date: Jun 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 132710
  • Previous Sale Recording Date: Jun 12, 2008
  • Previous Sale Amount: $810,000
  • Previous Sale Document Type: 27
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

1956 ft²

Average Home Age

73.3 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,900 /mo

  • 1 Bed
  • 1 Bath
  • 741 ft²
200 Quannapowitt Parkway #A1, 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# 72817698

Frequently Asked Questions

When was property at 6 Velma Road built and last sold?
The property at 6 Velma Road was built in 1992 and last sold on Jun 11, 2021 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 6 Velma Road is $1,193,216.
What are some comparable homes to 6 Velma Road?
There are currently no comparable homes to 6 Velma Road.
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