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Wakefield 01880
63 Preston St
$450,000
● House - Off Market

63 Preston St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,631 Ft²
$572,115
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Adorable and affordable! 3 Bedroom, 1 bath Cape located on a corner lot in desirable Wakefield. Versatile layout includes a galley kitchen with breakfast nook, formal dining room, large living room with hardwood floors and recently relined fireplace, Screened-in back porch overlooking peaceful backyard. 2 decent sized bedrooms and a full bath are located on the first floor. Second floor offers a large bedroom with hardwood floors, knotty pine, and built-in drawers. Detached 1 car garage. Newer heating system installed in 2016. Bonus cedar closet in basement. Lots of possibilities with this home. Property needs updating but well worth the investment. Excellent access to Wakefield Center, major highways & commuter rail station. Priced to sell!  Showings begin immediately!
Unit Size
1,631 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$245
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72531760)

Price History

Date / Event Date Event Price
Aug 30, 2019 Sold
Premium
Sold
Jul 10, 2019 Listed by EXIT Family First Realty $399,900
Listed by EXIT Family First Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,092
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,203
  • Gross Building Area: 3,418
  • Building Area: 2,203
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,203
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335302

Zoning

  • Zoning: GR

Geography

  • Account Number: 59723
  • District: 305
  • Parcel: WAKE M:000030 B:0082 P:000A57
  • Block: 82
  • Municipality: WAKEFIELD
  • Latitude: 42.5061
  • Longitude: -71.0597

    Address

  • Full Address: 63 Preston St
  • Address - House Number: 63
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 2547
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $964,500

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 841,566
  • High Value: 998,189
  • Low Value: 684,943

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $857,300
  • Assessed Land Value: $384,300
  • Assessed Improvements Value: $473,000

    Sales

  • Current Sale Contract Date: Aug 29, 2019
  • Current Sale Recording Date: Aug 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 131886
  • Previous Sale Recording Date: Dec 26, 2012
  • 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

1985 ft²

Average Home Age

71.4 years

Currently For Sale

48 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72531760

Frequently Asked Questions

When was property at 63 Preston Street built and last sold?
The property at 63 Preston Street was built in 1950 and last sold on Aug 29, 2019 for $450,000.
How much is this home worth?
The estimated value of the home located at 63 Preston Street is $428,314.
What are some comparable homes to 63 Preston Street?
There are currently no comparable homes to 63 Preston Street.
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