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Wakefield 01880
87 Myrtle Ave
$620,000
● House - Off Market

87 Myrtle Ave

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,638 Ft²
$607,685
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Nicely maintained Raised Ranch in the Greenwood section, convenient to the commuter rail, major routes, schools and shopping. The ground floor has easy access from the garage. Good in law potential, with ceramic tile floors  a potential fourth bedroom or home office, half bath and family room. The main level of this home features a spacious eat in kitchen with lots of windows and natural light, three bedrooms, hardwood floors, a fireplaced living room, Central Air, and a tiered rear lot. Don't miss this opportunity to get into the very desirable Wakefield market and all it has to offer.
Unit Size
1,638 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$360
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
1957

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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 #73075458)

Price History

Date / Event Date Event Price
Mar 21, 2023 Sold
Premium
Sold
Feb 8, 2023 In contract -
In contract
Feb 1, 2023 Listed by Barrett, Chris. J., REALTORS® $589,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 920
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,802
  • Total Building Area: 1,638
  • Gross Building Area: 2,006
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000294
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335400

Zoning

  • Zoning: SR

Geography

  • Account Number: 53655
  • District: 305
  • Parcel: WAKE M:000027 B:0257 P:000026
  • Block: 257
  • Municipality: WAKEFIELD
  • Latitude: 42.4759
  • Longitude: -71.067

    Address

  • Full Address: 87 Myrtle Ave
  • Address - House Number: 87
  • Address - Street Name: Myrtle
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C026
  • 4-Digit Zip Code: 4025
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $797,000

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 776,535
  • High Value: 904,292
  • Low Value: 648,777

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $708,400
  • Assessed Land Value: $447,100
  • Assessed Improvements Value: $261,300

    Sales

  • Current Sale Contract Date: Mar 21, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27774

    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:

$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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73075458

Frequently Asked Questions

When was property at 87 Myrtle Avenue built and last sold?
The property at 87 Myrtle Avenue was built in 1957 and last sold on Mar 21, 2023 for $620,000.
How much is this home worth?
The estimated value of the home located at 87 Myrtle Avenue is $606,681.
What are some comparable homes to 87 Myrtle Avenue?
There are currently no comparable homes to 87 Myrtle Avenue.
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