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Wakefield 01880
7 Collette Rd
$545,000
● House - Off Market

7 Collette Rd

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,764 Ft²
$965,145
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

Nestled on one of the most desirable cul de sac's in WAKEFIELD, abutting conservation land, is this lovingly well maintained CUSTOM BUILT split level home. Gleaming hardwood floors , open concept with all pine cathedral ceilings on living side.  CENTRAL AIR. Hardwood throughout bedrooms. Updates include 5yr old roof, 2yr old driveway,  4yr old efficient BUDERUS furnace and hot water tank, 5yr old C/A, & newer garage doors. Not to mention the beautiful landscaping including a large vegetable garden, irrigation system, small garage in rear to store all your equipment and plush level backyard. Lower level has a full kitchen, combo dining/living room and a 4th BR with laundry and half bath.  95/128, Rt 1, 93 and MARKET STREET all literally mins away.  Commuter rail and Lake Quannapowitt just 2 miles away.
Unit Size
1,764 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$315
Property Type
House
Property Taxes
$541
HOA Dues
-
Year Built
1988

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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 #71841127)

Price History

Date / Event Date Event Price
Sep 30, 2015 Sold
Premium
Sold
May 21, 2015 Listed by EXIT Premier Real Estate $555,000
Listed by EXIT Premier Real Estate
Sep 4, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,200
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,260
  • Total Building Area: 2,116
  • Gross Building Area: 2,836
  • Building Area: 2,116
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,116
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000304
  • 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: 84718
  • District: 305
  • Parcel: WAKE M:00039B B:0122 P:0000C5
  • Block: 122
  • Municipality: WAKEFIELD
  • Latitude: 42.5041
  • Longitude: -71.0519

    Address

  • Full Address: 7 Collette Rd
  • Address - House Number: 7
  • Address - Street Name: Collette
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C018
  • 4-Digit Zip Code: 2557
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $941,400

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 901,544
  • High Value: 1,059,950
  • Low Value: 743,138

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $836,800
  • Assessed Land Value: $400,200
  • Assessed Improvements Value: $436,600

    Sales

  • Current Sale Recording Date: Sep 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 166806
  • Previous Sale Recording Date: Sep 04, 1992
  • Previous Sale Amount: $225,000
  • 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:

$785,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1956 ft²

Average Home Age

73.3 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71841127

Frequently Asked Questions

When was property at 7 Collette Road built and last sold?
The property at 7 Collette Road was built in 1988 and last sold on Jan 1, 1970 for $545,000.
How much is this home worth?
The estimated value of the home located at 7 Collette Road is $573,390.
What are some comparable homes to 7 Collette Road?
There are currently no comparable homes to 7 Collette Road.
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