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Wakefield 01880
9 Michael Road
$639,900
● House - Off Market

9 Michael Road

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,119 Ft²
$911,438
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Looking to move right into your DREAM HOME, look no further!   This BRIGHT and clean raised ranch has been updated head to toe sparing no detail.  Get ready to be WOWED when you enter the NEW  kitchen featuring GRANITE, stainless appliances, double oven, and WINE FRIDGE! New features include updated electrical, heating system including oil tank, BACK PATIO, surround sound, hardwood floors throughout, and three new baths. Main level has three excellent sized bedroom, brand new shared bathroom, and a MASTER EN SUITE.  Head down to the lower level with its oversized attached 2 CAR GARAGE, charming second fireplaced living space, half bath, and laundry room.  Located on a side street just a half mile from Greenwood making this location a commuters dream.  What more could you ask for?
Unit Size
2,119 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$302
Property Type
House
Property Taxes
$564
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: 4 months ago (MLSPIN #72568163)

Price History

Date / Event Date Event Price
Nov 13, 2019 Sold
Premium
Sold
Sep 20, 2019 Listed by Classified Realty Group $639,900
Listed by Classified Realty Group
Aug 3, 2017 Sold
Premium
Sold
Jun 22, 2017 Listed by Classified Realty Group $350,000
Listed by Classified Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1970
  • 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: 19
  • Exterior Walls Type: 18
  • 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: 1,300
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,023
  • Total Building Area: 1,780
  • Gross Building Area: 3,009
  • Building Area: 1,780
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,780
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000391
  • 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: 49381
  • District: 305
  • Parcel: WAKE M:000025 B:0234 P:00G13A
  • Block: 234
  • Municipality: WAKEFIELD
  • Latitude: 42.4782
  • Longitude: -71.0712

    Address

  • Full Address: 9 Michael Rd
  • Address - House Number: 9
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C026
  • 4-Digit Zip Code: 3611
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $849,200

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 827,582
  • High Value: 972,993
  • Low Value: 682,171

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $754,800
  • Assessed Land Value: $403,300
  • Assessed Improvements Value: $351,500

    Sales

  • Current Sale Contract Date: Oct 29, 2019
  • Current Sale Recording Date: Nov 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 177503
  • Previous Sale Recording Date: Aug 03, 2017
  • Previous Sale Amount: $420,000
  • Previous Sale Document Type: 71
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

$450

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# 72568163

Frequently Asked Questions

When was property at 9 Michael Road built and last sold?
The property at 9 Michael Road was built in 1960 and last sold on Oct 29, 2019 for $639,900.
How much is this home worth?
The estimated value of the home located at 9 Michael Road is $661,616.
What are some comparable homes to 9 Michael Road?
There are currently no comparable homes to 9 Michael Road.
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