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Wakefield 01880
64 Preston Street
$569,000
● House - Off Market

64 Preston Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,020 Ft²
$647,848
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Opportunity knocks! Don't miss your chance to own this 3 bed, plus 2 bonus room, 1.5 bath colonial in Wakefield! Close to public transportation, shopping, park, Lake Quannapowitt, highway access, and much more - super convenient! Living room features a ceiling fan and a wood stove!  Bright and sunny eat in kitchen is perfect for prepping meals! Spacious dining room, half bath and bedroom plus bonus room round out the first floor. Upstairs boasts a kitchenette, living room with closet, bedroom and full bath. Additional bonus room is perfect for a home office or nursery. Full shower room in basement. Generously sized, level corner lot is perfect for outdoor activities! Screen-house in yard with electricity!  Convenient one car garage. A diamond in the rough...this could shine and be the home of your dreams!
Unit Size
2,020 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$282
Property Type
House
Property Taxes
$608
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: 5 years ago (MLSPIN #72841813)

Price History

Date / Event Date Event Price
Aug 20, 2021 Sold
Premium
Sold
Jun 2, 2021 Listed by Colonial Manor Realty $569,900
Listed by Colonial Manor Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • 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: 1,040
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,538
  • Total Building Area: 2,020
  • Gross Building Area: 3,185
  • Building Area: 2,020
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,020
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000357
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • Account Number: 59601
  • District: 305
  • Parcel: WAKE M:000030 B:0061 P:00A94+
  • Block: 61
  • Municipality: WAKEFIELD
  • Latitude: 42.5061
  • Longitude: -71.0592

    Address

  • Full Address: 64 Preston St
  • Address - House Number: 64
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 2538
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $801,200

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 765,729
  • High Value: 908,238
  • Low Value: 623,220

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $712,200
  • Assessed Land Value: $407,500
  • Assessed Improvements Value: $304,700

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 186939
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:

$782,450

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

$4,525 /mo

  • 3 Beds
  • 2 Baths
  • 1,323 ft²
200 Quannapowitt Parkway #C1B, 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# 72841813

Frequently Asked Questions

When was property at 64 Preston Street built and last sold?
The property at 64 Preston Street was built in 1930 and last sold on Aug 20, 2021 for $569,000.
How much is this home worth?
The estimated value of the home located at 64 Preston Street is $0.
What are some comparable homes to 64 Preston Street?
There are currently no comparable homes to 64 Preston Street.
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