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Wakefield 01880
7 Ames St
$400,000
● House - Off Market

7 Ames St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,237 Ft²
$604,975
RealtyHop Estimate
47.55%
Since Mar 1, 2019
MA-Boston
Primary Model

About This Property

Best yard for your dog! Greenwood Area, Bright and sunny home in a great neighborhood. Freshly painted throughout. Open floor plan living room opens into dining room slider to backyard deck. Hardwood floors throughout. Sun drenched  kitchen with stainless steel appliances, skylight, solid would cabinets and upgraded counter tops. Master bedroom on first level with full bath. Large sunken family room with sky light. Second and third bedroom do not have closetsl. New carpet. Lots of room for expansion. Large level backyard for carefree entertaining. Loads of potential for this home. Close to commuter rail and bus line.  Happy to share inspection report with serious offers. Please allow 24 hours for a response.
Unit Size
1,237 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$331
Property Type
House
Property Taxes
$416
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 months ago (MLSPIN #72374979)

Price History

Date / Event Date Event Price
Feb 19, 2019 Sold
Premium
Sold
Aug 7, 2018 Listed by RE/MAX Platinum $410,000
Listed by RE/MAX Platinum
Aug 19, 1977 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 308
  • 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: 1,237
  • Gross Building Area: 1,729
  • Building Area: 1,237
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,237
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 263C
  • Land Acres: 0000000230
  • 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: 66149
  • District: 305
  • Parcel: WAKE M:000034 B:0410 P:00A69+
  • Block: 410
  • Municipality: WAKEFIELD
  • Latitude: 42.4777
  • Longitude: -71.0598

    Address

  • Full Address: 7 Ames St
  • Address - House Number: 7
  • Address - Street Name: Ames
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C016
  • 4-Digit Zip Code: 4309
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $655,000

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 647,584
  • High Value: 768,105
  • Low Value: 527,063

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $582,200
  • Assessed Land Value: $383,000
  • Assessed Improvements Value: $199,200

    Sales

  • Current Sale Contract Date: Jan 26, 2019
  • Current Sale Recording Date: Feb 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20661
  • Previous Sale Recording Date: Aug 19, 1977
  • Previous Sale Amount: $32,000
  • 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:

$775,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1978 ft²

Average Home Age

79.7 years

Currently For Sale

51 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: 5 months ago
Data Source: MLS PIN, MLS# 72374979

Frequently Asked Questions

When was property at 7 Ames Street built and last sold?
The property at 7 Ames Street was built in 1930 and last sold on Jan 26, 2019 for $400,000.
How much is this home worth?
The estimated value of the home located at 7 Ames Street is $421,131.
What are some comparable homes to 7 Ames Street?
There are currently no comparable homes to 7 Ames Street.
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