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Wakefield 01880
81 Elm St
$789,900
● House - Off Market

81 Elm St

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,887 Ft²
$847,049
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

OPEN HOUSE CANCELLED. HOME IS UNDER CONTRACT. On nice West Side lot located a short distance from Walton School, the train, and Lake Quannapowitt. Impeccable expanded Cape, featuring lovely custom wood cabinetry from Ray's Cabinets, and granite counters. Dining room has corner built-in hutch, warm fireplaced living room, hardwood flooring, central  A/C and mini split AC, 9 rooms, 3/4 bedrooms, 2 full baths, and more!  Master bedroom has vaulted ceiling, skylight, fan, recessed lighting, and a walk in closet. This house is in wonderful condition and is a must see!
Unit Size
1,887 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$419
Property Type
House
Property Taxes
$637
HOA Dues
-
Year Built
1950

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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 #73040509)

Price History

Date / Event Date Event Price
Nov 10, 2022 Sold
Premium
Sold
Oct 1, 2022 In contract -
In contract
Sep 23, 2022 Listed by Boardwalk Real Estate $789,900
Listed by Boardwalk Real Estate
Dec 31, 1990 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,012
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,952
  • Total Building Area: 1,887
  • Gross Building Area: 3,354
  • Building Area: 1,887
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,887
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000366
  • 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: 2680
  • District: 305
  • Parcel: WAKE M:000003 B:0004 P:0022B+
  • Block: 4
  • Municipality: WAKEFIELD
  • Latitude: 42.509
  • Longitude: -71.0861

    Address

  • Full Address: 81 Elm St
  • Address - House Number: 81
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C019
  • 4-Digit Zip Code: 1557
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $844,200

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 828,287
  • High Value: 974,366
  • Low Value: 682,208

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $750,400
  • Assessed Land Value: $402,400
  • Assessed Improvements Value: $348,000

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Nov 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 166660
  • Previous Sale Recording Date: Dec 31, 1990
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: 27

    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:

$774,900

Sale Price/ft²

$454

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

$3,855 /mo

  • 2 Beds
  • 2 Baths
  • 1,139 ft²
200 Quannapowitt Parkway #B1A-G2B, 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# 73040509

Frequently Asked Questions

When was property at 81 Elm Street built and last sold?
The property at 81 Elm Street was built in 1950 and last sold on Nov 10, 2022 for $789,900.
How much is this home worth?
The estimated value of the home located at 81 Elm Street is $796,721.
What are some comparable homes to 81 Elm Street?
There are currently no comparable homes to 81 Elm Street.
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