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Wakefield 01880
7 Melvin Street
$400,000
● House - Off Market

7 Melvin Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,346 Ft²
$690,097
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Charming well cared for Colonial located in desirable Wakefield.  The home is situated off the street allowing it to be quiet and quaint. Many updates throughout including freshly painted interior, eat-in spacious kitchen with Granite Counter Tops and Stainless Steel appliances, big living room and dining room, crown molding.  Staircases at the front and the back of the house leads you to the second floor with 3 bedrooms and an office/bonus room all with freshly cleaned wall to wall carpet. The home has a state-of-the-art heating system and also has a private detached office/workspace. A great opportunity to live in Wakefield, close to shopping, Town Center, convenient to routes 93, 95, and rt 1. No Showings until after Open House Sunday 9/25 from 12-2..
Unit Size
1,346 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$312
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72072457)

Price History

Date / Event Date Event Price
Dec 5, 2016 Sold
Premium
Sold
Sep 24, 2016 Listed by Boardwalk Real Estate $419,900
Listed by Boardwalk Real Estate
Dec 18, 2013 Sold
Premium
Sold
Oct 17, 2013 Listed by Boardwalk Real Estate $349,900
Listed by Boardwalk Real Estate
Aug 27, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 1
  • 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: 513
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,738
  • Total Building Area: 1,346
  • Gross Building Area: 2,179
  • Building Area: 1,346
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,346
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000247
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335301

Zoning

  • Zoning: GR

Geography

  • Account Number: 35887
  • District: 305
  • Parcel: WAKE M:000018 B:0131 P:000013
  • Block: 131
  • Municipality: WAKEFIELD
  • Latitude: 42.502
  • Longitude: -71.0633

    Address

  • Full Address: 7 Melvin St
  • Address - House Number: 7
  • Address - Street Name: Melvin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C038
  • 4-Digit Zip Code: 3412
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $694,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 663,937
  • High Value: 783,903
  • Low Value: 543,970

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $617,500
  • Assessed Land Value: $391,800
  • Assessed Improvements Value: $225,700

    Sales

  • Current Sale Recording Date: Dec 05, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 217759
  • Previous Sale Recording Date: Dec 18, 2013
  • Previous Sale Amount: $355,000
  • 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:

$782,450

Sale Price/ft²

$451

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2008 ft²

Average Home Age

71.6 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

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

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72072457

Frequently Asked Questions

When was property at 7 Melvin Street built and last sold?
The property at 7 Melvin Street was built in 1925 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 7 Melvin Street is $432,144.
What are some comparable homes to 7 Melvin Street?
There are currently no comparable homes to 7 Melvin Street.
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