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Wakefield 01880
8 Pierce Avenue
$452,000
● House - Off Market

8 Pierce Avenue

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,694 Ft²
$799,692
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

Mint condition! Charming Cape in much sought after Dolbeare School neighborhood! 7 rooms, 3 bedrooms, 2 full baths, open living/dining room with woodstove and bay window, first floor master bedroom, office, 3 season porch, and a 1 car garage. This well maintained home also has hardwood floors, central A/C, and a Buderus heating system. Outside you will enjoy the private yard that has been lovingly landscaped throughout the years and features many types of flowers, plants, and trees. Fabulous location on the Lynnfield line, minutes to Route 128 and Lake Quannapowitt.
Unit Size
1,694 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$259
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1946

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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 #71771452)

Price History

Date / Event Date Event Price
Dec 31, 2014 Sold
Premium
Sold
Nov 22, 2014 Listed by Century 21 Commonwealth $439,000
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,758
  • Total Building Area: 1,694
  • Gross Building Area: 3,284
  • Building Area: 1,694
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,694
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000339
  • 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: 25726
  • District: 305
  • Parcel: WAKE M:000014 B:0115 P:0000E3
  • Block: 115
  • Municipality: WAKEFIELD
  • Latitude: 42.5228
  • Longitude: -71.0684

    Address

  • Full Address: 8 Pierce Ave
  • Address - House Number: 8
  • Address - Street Name: Pierce
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1119
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $777,500

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 766,683
  • High Value: 901,394
  • Low Value: 631,973

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $691,100
  • Assessed Land Value: $401,400
  • Assessed Improvements Value: $289,700

    Sales

  • Current Sale Recording Date: Dec 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 201941
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

$450

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

$4,125 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, 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# 71771452

Frequently Asked Questions

When was property at 8 Pierce Avenue built and last sold?
The property at 8 Pierce Avenue was built in 1946 and last sold on Jan 1, 1970 for $452,000.
How much is this home worth?
The estimated value of the home located at 8 Pierce Avenue is $465,042.
What are some comparable homes to 8 Pierce Avenue?
There are currently no comparable homes to 8 Pierce Avenue.
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