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Wakefield 01880
7 Stark Ave
$540,000
● House - Off Market

7 Stark Ave

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,657 Ft²
$738,051
RealtyHop Estimate
36.68%
Since Jul 1, 2020
MA-Boston
Primary Model

About This Property

Classic New England Colonial with welcoming farmers porch!   Easy flow 1st floor plan with entry foyer leading to large eat in kitchen or living room.  Formal dining room and 1/2 bath round out the 1st floor.  Second floor offers 3 bedrooms and full bath.  Third bedroom could also work as an office or nursery.   Bonus space on 3rd floor gives options for a  wonderful master bedroom or family room.  Close proximity to everything that Wakefield has to offer...parks, schools, highways, transportation and a future vibrant downtown Wakefield!  Property tenant occupied..drive by showings only.
Unit Size
1,657 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$326
Property Type
House
Property Taxes
$573
HOA Dues
-
Year Built
1904

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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 #72647090)

Price History

Date / Event Date Event Price
Jun 11, 2020 Sold
Premium
Sold
Apr 23, 2020 Listed by Barrett, Chris. J., REALTORS® $540,000
Listed by Barrett, Chris. J., REALTORS®
Dec 15, 2004 Sold
Premium
Sold
Oct 5, 2004 Listed by Barrett, Chris. J., REALTORS® $479,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 760
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,099
  • Total Building Area: 1,657
  • Gross Building Area: 3,351
  • Building Area: 1,657
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,657
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000255
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SR

Geography

  • Account Number: 39562
  • District: 305
  • Parcel: WAKE M:000019 B:0294 P:00147B
  • Block: 294
  • Municipality: WAKEFIELD
  • Latitude: 42.4962
  • Longitude: -71.0641

    Address

  • Full Address: 7 Stark Ave
  • Address - House Number: 7
  • Address - Street Name: Stark
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C024
  • 4-Digit Zip Code: 3715
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 733,235
  • High Value: 862,206
  • Low Value: 604,263

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $673,000
  • Assessed Land Value: $395,400
  • Assessed Improvements Value: $277,600

    Sales

  • Current Sale Contract Date: May 29, 2020
  • Current Sale Recording Date: Jun 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90703
  • Previous Sale Recording Date: Dec 15, 2004
  • Previous Sale Amount: $480,000
  • 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

1985 ft²

Average Home Age

71.4 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

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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72647090

Frequently Asked Questions

When was property at 7 Stark Avenue built and last sold?
The property at 7 Stark Avenue was built in 1904 and last sold on May 29, 2020 for $540,000.
How much is this home worth?
The estimated value of the home located at 7 Stark Avenue is $554,002.
What are some comparable homes to 7 Stark Avenue?
There are currently no comparable homes to 7 Stark Avenue.
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