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Wakefield 01880
7 Druid Hill Ave
$507,500
● House - Off Market

7 Druid Hill Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,758 Ft²
$743,295
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

Sited on a tree lined private way, come see this well maintained Colonial. The 1st floor features spacious front to back living and family rooms, a dining area or home office and, an updated kitchen with skylight, cathedral  breakfast area, updated counters and appliances. Walk out to the two tiered deck and enjoy the serene setting!  The 2nd floor has three bedrooms including a master with walk in closet. The boiler and storage tank have been updated along with many replacement windows. The garage has been converted to storage. It is conveniently located with access to a train station.  Come see all Wakefield has to offer.
Unit Size
1,758 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$296
Property Type
House
Property Taxes
$502
HOA Dues
-
Year Built
1920

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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 #72574193)

Price History

Date / Event Date Event Price
Dec 11, 2019 Sold
Premium
Sold
Oct 2, 2019 Listed by Barrett, Chris. J., REALTORS® $519,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 725
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,898
  • Total Building Area: 1,758
  • Gross Building Area: 2,656
  • Building Area: 1,758
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,758
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • 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: 51641
  • District: 305
  • Parcel: WAKE M:000025 B:0087 P:00490A
  • Block: 87
  • Municipality: WAKEFIELD
  • Latitude: 42.4769
  • Longitude: -71.0737

    Address

  • Full Address: 7 Druid Hill Ave
  • Address - House Number: 7
  • Address - Street Name: Druid Hill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C026
  • 4-Digit Zip Code: 3672
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $696,600

    Appraisal Valuation

  • Standard Deviation: 0.1562
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 689,863
  • High Value: 797,677
  • Low Value: 582,049

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $619,200
  • Assessed Land Value: $342,800
  • Assessed Improvements Value: $276,400

    Sales

  • Current Sale Contract Date: Dec 09, 2019
  • Current Sale Recording Date: Dec 11, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 195987
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:

$774,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2090 ft²

Average Home Age

84.5 years

Currently For Sale

46 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72574193

Frequently Asked Questions

When was property at 7 Druid Hill Avenue built and last sold?
The property at 7 Druid Hill Avenue was built in 1920 and last sold on Dec 9, 2019 for $507,500.
How much is this home worth?
The estimated value of the home located at 7 Druid Hill Avenue is $538,864.
What are some comparable homes to 7 Druid Hill Avenue?
There are currently no comparable homes to 7 Druid Hill Avenue.
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