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Wakefield 01880
7 Sweetser St
$602,000
● House - Off Market

7 Sweetser St

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,615 Ft²
$1,176,169
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

Sought after Lakeside neighborhood with fabulous views of the Lake Quannapowitt Garrison Colonial, 10 Rooms, 4 Bedrooms, 2 ½ Baths. Lovely   Living room, Bay Window with water views, Dining room with Fireplace, & Brazilian cherry HW floor, Updated kitchen, stainless appliances, commercial stove with double oven. 1st floor family room, office area or porch leading to deck to watch the sunsets over the lake. 2nd floor 4 spacious bedrooms, with double closets, master bedroom with bath, cedar closet and 2 additional closets in hall,  2nd fl laundry room. Additional finished Playroom with fireplace in basement and another small office  walk out to the  Fenced Back yard with brick patio and hot tub to remain. Updated 6 zone heat, Central AC, Central Vac., Sprinkler System, Roof newer,   & 1 car garage.
Unit Size
3,615 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$185
Property Type
House
Property Taxes
$692
HOA Dues
-
Year Built
1960

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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 #71894921)

Price History

Date / Event Date Event Price
Dec 14, 2015 Sold
Premium
Sold
Aug 26, 2015 Listed by Century 21 Commonwealth $669,000
Listed by Century 21 Commonwealth
Jul 16, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 750
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,755
  • Total Building Area: 3,090
  • Gross Building Area: 4,800
  • Building Area: 3,090
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,090
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

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

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335100

Zoning

  • Zoning: SR

Geography

  • Account Number: 28530
  • District: 305
  • Parcel: WAKE M:000015 B:0185 P:00035A
  • Block: 185
  • Municipality: WAKEFIELD
  • Latitude: 42.5137
  • Longitude: -71.0729

    Address

  • Full Address: 7 Sweetser St
  • Address - House Number: 7
  • Address - Street Name: Sweetser
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1816
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,042,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 1,028,524
  • High Value: 1,209,638
  • Low Value: 847,410

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $926,700
  • Assessed Land Value: $406,700
  • Assessed Improvements Value: $520,000

    Sales

  • Current Sale Recording Date: Dec 14, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 211502
  • Previous Sale Recording Date: Jul 16, 1993
  • Previous Sale Amount: $282,000
  • 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

2020 ft²

Average Home Age

70.6 years

Currently For Sale

47 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

$3,805 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7B, 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# 71894921

Frequently Asked Questions

When was property at 7 Sweetser Street built and last sold?
The property at 7 Sweetser Street was built in 1960 and last sold on Jan 1, 1970 for $602,000.
How much is this home worth?
The estimated value of the home located at 7 Sweetser Street is $720,154.
What are some comparable homes to 7 Sweetser Street?
There are currently no comparable homes to 7 Sweetser Street.
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