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Wakefield 01880
61 Madison Ave
$375,000
● House - Off Market

61 Madison Ave

Wakefield, MA 01880
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,428 Ft²
$610,727
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Desirable Greenwood location describes this charming 2 BR  bungalow.  Generous sized kitchen, plus dining room with built in hutch opening to living room.  Front screened in porch to relax on those hot summer nights.  Hardwood floors, 1 car garage, new oil  tank and updated electric.  Close to train and bus line  makes it a commuters dream, plus downtown Greenwood offers a variety of restaurants & shops.  Lower level offers 30 X10  of  additional living space for gameroom or family room.  Lots of closets and storage.   This home has been lovingly maintained by the same family for almost 50 years.  It is just awaiting your personal touch, so bring your decorating ideas!
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$273
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1930

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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 #72144978)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Apr 12, 2017 Listed by Barrett, Chris. J., REALTORS® $389,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 912
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,249
  • Total Building Area: 1,428
  • Gross Building Area: 2,076
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335400

Zoning

  • Zoning: SR

Geography

  • Account Number: 47790
  • District: 305
  • Parcel: WAKE M:000024 B:0128 P:000237
  • Block: 128
  • Municipality: WAKEFIELD
  • Latitude: 42.4796
  • Longitude: -71.0619

    Address

  • Full Address: 61 Madison Ave
  • Address - House Number: 61
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C016
  • 4-Digit Zip Code: 4264
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $597,300

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 591,038
  • High Value: 690,697
  • Low Value: 491,379

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $530,900
  • Assessed Land Value: $336,300
  • Assessed Improvements Value: $194,600

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 101997

    Financing

  • First Mortgage Financing Type: UNK
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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72144978

Frequently Asked Questions

When was property at 61 Madison Avenue built and last sold?
The property at 61 Madison Avenue was built in 1930 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 61 Madison Avenue is $412,506.
What are some comparable homes to 61 Madison Avenue?
There are currently no comparable homes to 61 Madison Avenue.
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