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Wakefield 01880
9 Morrison Ave
$700,000
● House - Off Market

9 Morrison Ave

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,572 Ft²
$711,162
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Picture Book Upper West Side full shed Cape Cod. Set on a knoll off the street. A great starter or perfect for someone looking to downsize, this impeccably located gem has been recently painted and is ready for your upgrades. Featuring both newly installed and recently refinished hardwood floors, the first floor's highlights include a fireplaced Livingroom with built in bookcase, formal dining with chair rail and hutch, a delightful three season sun porch, a large primary bedroom with a bank of windows, double closets and a 3/4 bath. The 2nd floor has two front to back  bedrooms ample in size with a full bath, one with a sitting area or potential home office. A private com deck with composite flooring overlooks the rear yard. Don't miss this unique West Side opportunity.
Unit Size
1,572 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$445
Property Type
House
Property Taxes
$663
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: 4 months ago (MLSPIN #72980681)

Price History

Date / Event Date Event Price
Jun 29, 2022 Sold
Premium
Sold
May 12, 2022 Listed by Barrett, Chris. J., REALTORS® $699,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,050
  • Total Building Area: 1,572
  • Gross Building Area: 3,104
  • Building Area: 1,572
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,572
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000346
  • 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: 7931
  • District: 305
  • Parcel: WAKE M:000007 B:0185 P:000014
  • Block: 185
  • Municipality: WAKEFIELD
  • Latitude: 42.5011
  • Longitude: -71.0881

    Address

  • Full Address: 9 Morrison Ave
  • Address - House Number: 9
  • Address - Street Name: Morrison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C037
  • 4-Digit Zip Code: 2102
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $843,300

    Appraisal Valuation

  • Standard Deviation: 0.2179
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 742,136
  • High Value: 903,891
  • Low Value: 580,381

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $749,600
  • Assessed Land Value: $422,200
  • Assessed Improvements Value: $327,400

    Sales

  • Current Sale Contract Date: Jun 29, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 98584
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
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# 72980681

Frequently Asked Questions

When was property at 9 Morrison Avenue built and last sold?
The property at 9 Morrison Avenue was built in 1950 and last sold on Jun 29, 2022 for $700,000.
How much is this home worth?
The estimated value of the home located at 9 Morrison Avenue is $710,995.
What are some comparable homes to 9 Morrison Avenue?
There are currently no comparable homes to 9 Morrison Avenue.
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