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Malden 02148 Maplewood
88 Wallace St
$410,000
● House - Off Market

88 Wallace St

Malden, MA 02148
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$451,489
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Are you looking for a home you can make your own? 88 Wallace Street is waiting for your ideas! This ideal ranch home is the perfect blank canvas. Located on a dead end street within 1 mile of Oak Grove train station. Come on in and find a large living room with lots of windows and natural light. Walk through the hallway to 3 great sized bedrooms and a full bathroom. In the back of the home there is a wide open kitchen just waiting for you to put your personal touches on! A bonus sun room off the kitchen leads into the backyard. Did I mention there are hardwood floors throughout and a one car garage? This is a great opportunity to get into Malden at a great price! Property to be sold in as-in condition.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$385
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1960

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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 #73050394)

Price History

Date / Event Date Event Price
Dec 8, 2022 Sold
Premium
Sold
Nov 7, 2022 In contract -
In contract
Nov 4, 2022 Relisted $419,900
Relisted
Oct 25, 2022 In contract -
In contract
Oct 20, 2022 Listed by Kadilak Realty Group, LLC $419,900
Listed by Kadilak Realty Group, LLC

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,092
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,103
  • Total Building Area: 1,092
  • Gross Building Area: 2,300
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341600

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:089 B:828 L:822
  • Block: 828
  • Lot: 822
  • Municipality: MALDEN
  • Latitude: 42.4347
  • Longitude: -71.0631

    Address

  • Full Address: 88 Wallace St
  • Address - House Number: 88
  • Address - Street Name: Wallace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Malden
  • Carrier Code: C047
  • 4-Digit Zip Code: 2851
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $515,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 75
  • Final Value: 518,667
  • High Value: 614,331
  • Low Value: 423,002

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $440,800
  • Assessed Land Value: $277,700
  • Assessed Improvements Value: $163,100

    Sales

  • Current Sale Contract Date: Dec 08, 2022
  • Current Sale Recording Date: Dec 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1928699
  • Previous Sale Recording Date: Mar 09, 2018
  • 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 Maplewood

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$412

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1987 ft²

Average Home Age

97.1 years

Currently For Sale

36 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 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73050394

Frequently Asked Questions

When was property at 88 Wallace Street built and last sold?
The property at 88 Wallace Street was built in 1960 and last sold on Dec 8, 2022 for $410,000.
How much is this home worth?
The estimated value of the home located at 88 Wallace Street is $425,486.
What are some comparable homes to 88 Wallace Street?
There are currently no comparable homes to 88 Wallace Street.
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