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Wakefield 01880
7 Harrison Ave
$491,000
● House - Off Market

7 Harrison Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,090 Ft²
$609,054
RealtyHop Estimate
26.91%
Since Jan 1, 2021
MA-Boston
Primary Model

About This Property

Don't wait on this beauty ! Now is your opportunity to move into this lovingly maintained Greenwood Bungalow Cape !  Enjoy the modern updates combined with much of it's original charm. First floor has a livingroom, formal dining room with built in china cabinet, hardwood floors in both rooms, a beautiful sunporch, upadated eat in kitchen and half bath. The second floor has three bedrooms with hardwood floors, and a full bath. The roof is newer, windows are doublepane vinyl. The home sits nicely on a quarter acre lot in a quiet neighborhood.. Enjoy the outdoor patio and deck. All of this within walking distance to Commuter Rail Station to Boston, bus line to Oak Grove, and Greenwood Elementary School. Convenient to major highways, MarketStreet Lynnfield and Breakheart Reservation.
Unit Size
1,090 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$440
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1925

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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 years ago (MLSPIN #72743239)

Price History

Date / Event Date Event Price
Dec 29, 2020 Sold
Premium
Sold
Oct 15, 2020 Listed by Brad Hutchinson Real Estate $479,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1952
  • 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: 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: 575
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,833
  • Total Building Area: 1,090
  • Gross Building Area: 2,223
  • Building Area: 1,090
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,090
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000249
  • 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: 46519
  • District: 305
  • Parcel: WAKE M:000024 B:0068 P:0G271A
  • Block: 68
  • Municipality: WAKEFIELD
  • Latitude: 42.4803
  • Longitude: -71.0593

    Address

  • Full Address: 7 Harrison Ave
  • Address - House Number: 7
  • Address - Street Name: Harrison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C016
  • 4-Digit Zip Code: 4303
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $651,000

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 634,478
  • High Value: 746,078
  • Low Value: 522,877

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $578,700
  • Assessed Land Value: $353,500
  • Assessed Improvements Value: $225,200

    Sales

  • Current Sale Contract Date: Dec 28, 2020
  • Current Sale Recording Date: Dec 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 251435
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:

$782,450

Sale Price/ft²

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1828 ft²

Average Home Age

65.7 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: 5 years ago
Data Source: MLS PIN, MLS# 72743239

Frequently Asked Questions

When was property at 7 Harrison Avenue built and last sold?
The property at 7 Harrison Avenue was built in 1925 and last sold on Dec 28, 2020 for $491,000.
How much is this home worth?
The estimated value of the home located at 7 Harrison Avenue is $0.
What are some comparable homes to 7 Harrison Avenue?
There are currently no comparable homes to 7 Harrison Avenue.
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