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Wakefield 01880
9 Sherman Road
$340,000
● House - Off Market

9 Sherman Road

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$645,995
RealtyHop Estimate
101.94%
Since Jan 1, 2004
MA-Boston
Primary Model

About This Property

A WONDERFUL NEIGHBORHOOD LOCATION FOR THIS DUTCH COLONIAL ON A LARGE LOT WITH EASY ACCESS TO SCHOOLS, PARK AND PUBLIC TRANS. ALTHOUGH THE INSIDE COULD USE SOME TLC, UPDATES AND DECORATING THERE HAVE BEEN UPGRADES TO HEAT, ELCT AND ROOF.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$256
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #30790004)

Price History

Date / Event Date Event Price
Dec 17, 2003 Sold
Premium
Sold
Nov 12, 2003 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $319,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 600
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,027
  • Total Building Area: 1,950
  • Gross Building Area: 2,770
  • Building Area: 1,950
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,950
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREENWOOD
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wakefield School District
  • Census Tract: 335301

Zoning

  • Zoning: SR

Geography

  • Account Number: 45031
  • District: 305
  • Parcel: WAKE M:000023 B:0202 P:000S34
  • Block: 202
  • Municipality: WAKEFIELD
  • Latitude: 42.4863
  • Longitude: -71.0651

    Address

  • Full Address: 9 Sherman Rd
  • Address - House Number: 9
  • Address - Street Name: Sherman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C015
  • 4-Digit Zip Code: 3807
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $810,300

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 809,901
  • High Value: 943,148
  • Low Value: 676,654

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $720,300
  • Assessed Land Value: $332,900
  • Assessed Improvements Value: $387,400

    Sales

  • Current Sale Recording Date: Dec 17, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 931
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

49

Average Home Size

1828 ft²

Average Home Age

65.7 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 years ago
Data Source: MLS PIN, MLS# 30790004

Frequently Asked Questions

When was property at 9 Sherman Road built and last sold?
The property at 9 Sherman Road was built in 1930 and last sold on Jan 1, 1970 for $340,000.
How much is this home worth?
The estimated value of the home located at 9 Sherman Road is $0.
What are some comparable homes to 9 Sherman Road?
There are currently no comparable homes to 9 Sherman Road.
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