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Wakefield 01880
85 Preston St
$555,000
● House - Off Market

85 Preston St

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,446 Ft²
$814,110
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

Freshly Remodeled brick bungalow with spacious, sun filled rooms, fireplace, built-ins, with tons of charm and closet space!  Brand new remodeled open kitchen with pantry, all new stainless appliances, and miles of counter top space; sun filled dining space off kitchen with views of beautifully wooded backyard waiting for your outdoor entertaining area!. Currently 3 bedrooms with the possibility of a 4th or home office, 2nd floor has full laundry room, 2 fully remodeled bathrooms. Dry Basement with lots of headroom and potential, all freshly painted with lots of storage space, with a separate walled off workshop and 1 car garage plus a spacious driveway with plenty of parking.
Unit Size
1,446 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$394
Property Type
House
Property Taxes
$478
HOA Dues
-
Year Built
1947

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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 #72529396)

Price History

Date / Event Date Event Price
Sep 21, 2021 Sold
Premium
Sold
Aug 4, 2021 Listed by Century 21 North East $599,900
Listed by Century 21 North East
Sep 27, 2019 Sold
Premium
Sold
Jul 5, 2019 Listed by Century 21 North East $569,000
Listed by Century 21 North East
Feb 12, 2019 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 996
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,649
  • Total Building Area: 1,446
  • Gross Building Area: 2,924
  • Building Area: 1,446
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,446
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000222
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: GR

Geography

  • Account Number: 61145
  • District: 305
  • Parcel: WAKE M:000031 B:0168 P:00A15+
  • Block: 168
  • Municipality: WAKEFIELD
  • Latitude: 42.5044
  • Longitude: -71.0599

    Address

  • Full Address: 85 Preston St
  • Address - House Number: 85
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C007
  • 4-Digit Zip Code: 2545
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $724,700

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 715,061
  • High Value: 840,701
  • Low Value: 589,421

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $644,200
  • Assessed Land Value: $361,700
  • Assessed Improvements Value: $282,500

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 209491
  • Previous Sale Recording Date: Sep 27, 2019
  • Previous Sale Contract Date: Sep 20, 2019
  • Previous Sale Amount: $555,000
  • Previous Sale Document Type: O
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

$449

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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, 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# 72529396

Frequently Asked Questions

When was property at 85 Preston Street built and last sold?
The property at 85 Preston Street was built in 1947 and last sold on Sep 21, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 85 Preston Street is $611,695.
What are some comparable homes to 85 Preston Street?
There are currently no comparable homes to 85 Preston Street.
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