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Wakefield 01880
81 Butler Ave
$575,000
● House - Off Market

81 Butler Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,415 Ft²
$623,384
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

ATTENTION contractors, investors or handy homeowners.  This home has been a wonderful home to one family for many years. They have enjoyed the established neighborhood, wonderful parties in their yard and swimming in their 18' x 36' in-ground pool. There is a cabana and small shed with bathroom facilities outside also.  This home consists of a large eat-in kitchen. The dining room and living room have hardwood floors. The washer and dryer are conveniently located on the first floor. It offers endless possibilities. Come see if you can uncover it's true potential. See all of the fabulous things the town of Wakefield has to offer. Minutes from Rt. 93, 95, and 128.  Close to commuter rail. DON'T MISS THIS CHANCE!
Unit Size
1,415 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$442
Property Type
House
Property Taxes
$597
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #73118895)

Price History

Date / Event Date Event Price
Jul 18, 2023 Sold
Premium
Sold
Jun 24, 2023 In contract -
In contract
Jun 1, 2023 Listed by Coldwell Banker Realty - Lynnfield $625,000
Listed by Coldwell Banker Realty - Lynnfield

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 799
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,040
  • Total Building Area: 1,415
  • Gross Building Area: 3,130
  • Building Area: 1,415
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,415
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335302

Zoning

  • Zoning: SR

Geography

  • Account Number: 59951
  • District: 305
  • Parcel: WAKE M:000030 B:0007 P:0000B5
  • Block: 7
  • Municipality: WAKEFIELD
  • Latitude: 42.5064
  • Longitude: -71.0556

    Address

  • Full Address: 81 Butler Ave
  • Address - House Number: 81
  • Address - Street Name: Butler
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 2508
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $741,600

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 731,696
  • High Value: 852,076
  • Low Value: 611,315

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $659,200
  • Assessed Land Value: $399,200
  • Assessed Improvements Value: $260,000

    Sales

  • Current Sale Contract Date: Jul 18, 2023
  • Current Sale Recording Date: Jul 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 79087
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:

$774,900

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2018 ft²

Average Home Age

85.1 years

Currently For Sale

49 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

$2,665 /mo

  • Studio
  • 1 Bath
  • 639 ft²
200 Quannapowitt Parkway #S2, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73118895

Frequently Asked Questions

When was property at 81 Butler Avenue built and last sold?
The property at 81 Butler Avenue was built in 1900 and last sold on Jul 18, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 81 Butler Avenue is $628,379.
What are some comparable homes to 81 Butler Avenue?
There are currently no comparable homes to 81 Butler Avenue.
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