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Wakefield 01880
7 Butler Ave
$385,000
● House - Off Market

7 Butler Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,309 Ft²
$738,159
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

Wonderful, well cared for Cape-style home in desirable Wakefield location. Total renovation in 2007 including new roof, windows, vinyl siding. Professionally designed maple kitchen with newer appliances and open concept. Beautiful hardwood floors throughout first level. Recent upgrades include: water heater, electrical service, driveway and Reeds Ferry Shed. Minutes to 95/128/RT1 and new MarketStreet Lynnfield shops. Close to lake, commuter rail and downtown restaurants. Located in the highly-rated Dolbeare school district. Great, private, fenced-in backyard with mature landscape. Low maintenance house with gas service and town sewer.
Unit Size
1,309 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$294
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1951

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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 #71578232)

Price History

Date / Event Date Event Price
Dec 30, 2020 Sold
Premium
Sold
Nov 6, 2020 Listed by The Greene Realty Group $539,900
Listed by The Greene Realty Group
Jan 7, 2014 Sold
Premium
Sold
Sep 4, 2013 Listed by The Greene Realty Group $385,000
Listed by The Greene Realty Group
Dec 3, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 748
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,703
  • Total Building Area: 1,309
  • Gross Building Area: 2,244
  • Building Area: 1,309
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,309
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: H KINGMAN ABBOTT
  • Land Acres: 0000000200
  • 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: 57963
  • District: 305
  • Parcel: WAKE M:000029 B:0056 P:0000C2
  • Block: 56
  • Municipality: WAKEFIELD
  • Latitude: 42.511
  • Longitude: -71.0577

    Address

  • Full Address: 7 Butler Ave
  • Address - House Number: 7
  • Address - Street Name: Butler
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 5105
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $703,700

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 683,099
  • High Value: 803,123
  • Low Value: 563,074

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $625,500
  • Assessed Land Value: $366,300
  • Assessed Improvements Value: $259,200

    Sales

  • Current Sale Contract Date: Dec 30, 2020
  • Current Sale Recording Date: Dec 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 252783
  • Previous Sale Recording Date: Jan 07, 2014
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: O
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:

$779,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1957 ft²

Average Home Age

75.3 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,605 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1aB, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71578232

Frequently Asked Questions

When was property at 7 Butler Avenue built and last sold?
The property at 7 Butler Avenue was built in 1951 and last sold on Dec 30, 2020 for $545,000.
How much is this home worth?
The estimated value of the home located at 7 Butler Avenue is $549,444.
What are some comparable homes to 7 Butler Avenue?
There are currently no comparable homes to 7 Butler Avenue.
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