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Wakefield 01880
77 Chestnut St
$550,000
● House - Off Market

77 Chestnut St

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,088 Ft²
$663,729
RealtyHop Estimate
27.89%
Since Dec 1, 2020
MA-Boston
Primary Model

About This Property

Contractors take note, the upside potential of restoring this stately 4 bedroom Dutch Colonial is huge.  Located just a short walk from the commuter rail, this is a house that can and will, with your efforts rival the best that Wakefield has to offer.  Traditional large front porch, entry foyer, spacious rooms with high ceilings and hardwood flooring throughout gives you the canvas to work your magic.  Plaster walls and ceilings are in disrepair along with obsolete kitchen and baths comprise the bulk of work needed, but well worth the investment. This Estate Sale offers a rare opportunity and while Sellers make no representation as to condition, Buyers are advised to do their own Due Diligence.
Unit Size
2,088 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$249
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1909

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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: 5 years ago (MLSPIN #72739150)

Price History

Date / Event Date Event Price
Nov 24, 2020 Sold
Premium
Sold
Oct 7, 2020 Listed by Redfin Corp. $519,000
Listed by Redfin Corp.

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1909
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 920
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,744
  • Total Building Area: 2,088
  • Gross Building Area: 3,303
  • Building Area: 2,088
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,088
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335200

Zoning

  • Zoning: SR

Geography

  • Account Number: 9451
  • District: 305
  • Parcel: WAKE M:000007 B:0240 P:00059A
  • Block: 240
  • Municipality: WAKEFIELD
  • Latitude: 42.502
  • Longitude: -71.0822

    Address

  • Full Address: 77 Chestnut St
  • Address - House Number: 77
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2234
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $902,800

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 803,041
  • High Value: 944,291
  • Low Value: 661,791

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $802,500
  • Assessed Land Value: $381,700
  • Assessed Improvements Value: $420,800

    Sales

  • Current Sale Contract Date: Nov 18, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1861891
  • Previous Sale Recording Date: Jun 11, 2018
  • 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:

$779,000

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1933 ft²

Average Home Age

73.3 years

Currently For Sale

51 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
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72739150

Frequently Asked Questions

When was property at 77 Chestnut Street built and last sold?
The property at 77 Chestnut Street was built in 1909 and last sold on Nov 18, 2020 for $550,000.
How much is this home worth?
The estimated value of the home located at 77 Chestnut Street is $546,964.
What are some comparable homes to 77 Chestnut Street?
There are currently no comparable homes to 77 Chestnut Street.
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