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Wakefield 01880
7 Andrews Rd
$507,000
● House - Off Market

7 Andrews Rd

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,887 Ft²
$936,699
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

LOCATION! LOCATION! LOCATION! Great opportunity to live in one of the most desirable areas in Wakefield. Lovely 9-Room 4-Bedroom Ranch with new replacement windows, Granite counters, Hardwood floors, Alarm System, 200-amp service and a hot water booster. The full basement is heated and has a room plumbed for a new bathroom. 4-season porch overlooks a nice level backyard. Enjoy the warm summer evenings on the spacious Farmer's Porch. Plenty of storage. 2-Car Garage. Minutes to Market Street Shopping Center. Easy Access to Route I-95/128. This beautiful home is located in an excellent area. Don't miss out.
Unit Size
1,887 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$286
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1965

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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 #71827239)

Price History

Date / Event Date Event Price
Jul 1, 2015 Sold
Premium
Sold
Apr 30, 2015 Listed by Century 21 Commonwealth $539,900
Listed by Century 21 Commonwealth

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,348
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,887
  • Gross Building Area: 3,032
  • Building Area: 1,887
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,887
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: 72338
  • District: 305
  • Parcel: WAKE M:000039 B:0043 P:0000M7
  • Block: 43
  • Municipality: WAKEFIELD
  • Latitude: 42.5094
  • Longitude: -71.0503

    Address

  • Full Address: 7 Andrews Rd
  • Address - House Number: 7
  • Address - Street Name: Andrews
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 4907
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $800,100

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 816,189
  • High Value: 959,598
  • Low Value: 672,780

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $711,200
  • Assessed Land Value: $399,200
  • Assessed Improvements Value: $312,000

    Sales

  • Current Sale Recording Date: Jul 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 105772
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

$450

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71827239

Frequently Asked Questions

When was property at 7 Andrews Road built and last sold?
The property at 7 Andrews Road was built in 1965 and last sold on Jan 1, 1970 for $507,000.
How much is this home worth?
The estimated value of the home located at 7 Andrews Road is $558,865.
What are some comparable homes to 7 Andrews Road?
There are currently no comparable homes to 7 Andrews Road.
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