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Wakefield 01880
8 Flanders Ln
$1,211,000
● House - Off Market

8 Flanders Ln

Wakefield, MA 01880
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,174 Ft²
$1,213,529
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to Flanders Lane, a gorgeous lakeside neighborhood! This unique home boasts 5 bds, 3 bths, and stunning rear sunset views over Lake Quannapowitt. The open concept living, dining, and kitchen areas are perfect for entertaining and transition beautifully to the newly expanded patio which features a gas fireplace and grilling station. The fenced, level yard holds endless potential to complete the outdoor space of your dreams. First floor is finished off with a formal living room w/ gas fireplace, large mudroom w/ bath access and entry to an oversized 2 car garage. Expansive 2nd floor hosts the primary suite featuring a gas stove, walk-in closet, & en-suite bath w/ radiant floor heating. Four additional bedrooms, full bath, and laundry room complete the living space. Do not miss this rare opportunity!
Unit Size
3,174 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$362
Property Type
House
Property Taxes
$1,109
HOA Dues
-
Year Built
1949

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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 months ago (MLSPIN #73023534)

Price History

Date / Event Date Event Price
Sep 29, 2022 Sold
Premium
Sold
Aug 10, 2022 Listed by Chinatti Realty Group, Inc. $1,150,000
Listed by Chinatti Realty Group, Inc.
Aug 27, 2018 Sold
Premium
Sold
Jul 5, 2018 Listed by Chinatti Realty Group, Inc. $855,000
Listed by Chinatti Realty Group, Inc.
Apr 20, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,080
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,127
  • Total Building Area: 3,174
  • Gross Building Area: 5,124
  • Building Area: 3,174
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,174
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN MDW PARK SEC 03
  • Land Acres: 0000000324
  • 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: 74851
  • District: 305
  • Parcel: WAKE M:00014A B:0022 P:00B148
  • Block: 22
  • Municipality: WAKEFIELD
  • Latitude: 42.516
  • Longitude: -71.073

    Address

  • Full Address: 8 Flanders Ln
  • Address - House Number: 8
  • Address - Street Name: Flanders
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1716
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,339,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,357,922
  • High Value: 1,572,353
  • Low Value: 1,143,491

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,190,400
  • Assessed Land Value: $400,900
  • Assessed Improvements Value: $789,500

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 147293
  • Previous Sale Recording Date: Aug 27, 2018
  • Previous Sale Amount: $910,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

1915 ft²

Average Home Age

72.3 years

Currently For Sale

52 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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73023534

Frequently Asked Questions

When was property at 8 Flanders Lane built and last sold?
The property at 8 Flanders Lane was built in 1949 and last sold on Sep 29, 2022 for $1,211,000.
How much is this home worth?
The estimated value of the home located at 8 Flanders Lane is $1,154,360.
What are some comparable homes to 8 Flanders Lane?
There are currently no comparable homes to 8 Flanders Lane.
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