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Wakefield 01880
8 Melvin St
$255,000
● House - Off Market

8 Melvin St

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,980 Ft²
$608,183
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

Spacious four bedroom two full bath Colonial offers easy access to public transportation, schools, local shopping and restaurants.  Updated kitchen and newer ceramic tile flooring. Second floor bedrooms, full bath, windows and roof were added in 2001. Lower level has large finished familyroom with walk out. Rear yard is terraced and is a gardener's delight!   Add personal touches and make this home your own.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$147
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1940

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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: 5 months ago (MLSPIN #71402732)

Price History

Date / Event Date Event Price
Oct 5, 2012 Sold
Premium
Sold
Jun 27, 2012 Listed by Century 21 Commonwealth $292,000
Listed by Century 21 Commonwealth

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,248
  • Total Building Area: 1,980
  • Gross Building Area: 2,404
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000166
  • 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: 62658
  • District: 305
  • Parcel: WAKE M:000031 B:0120 P:00030B
  • Block: 120
  • Municipality: WAKEFIELD
  • Latitude: 42.5017
  • Longitude: -71.0628

    Address

  • Full Address: 8 Melvin St
  • Address - House Number: 8
  • Address - Street Name: Melvin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C038
  • 4-Digit Zip Code: 3413
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $739,000

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 722,485
  • High Value: 856,946
  • Low Value: 588,024

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $656,900
  • Assessed Land Value: $356,500
  • Assessed Improvements Value: $300,400

    Sales

  • Current Sale Recording Date: Oct 05, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000021
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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,525 /mo

  • 3 Beds
  • 2 Baths
  • 1,323 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# 71402732

Frequently Asked Questions

When was property at 8 Melvin Street built and last sold?
The property at 8 Melvin Street was built in 1940 and last sold on Jan 1, 1970 for $255,000.
How much is this home worth?
The estimated value of the home located at 8 Melvin Street is $320,193.
What are some comparable homes to 8 Melvin Street?
There are currently no comparable homes to 8 Melvin Street.
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