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Malden 02148 Maplewood
94 Wallace Street
$330,000
● House - Off Market

94 Wallace Street

Malden, MA 02148
bedrooms
2 Beds
bathrooms
1 Bath
square feet
620 Ft²
$427,161
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

A RARE opportunity to buy in Malden for under $300K!  This adorable 2-bedroom, 1 bath Bungalow is situated on a corner lot in Malden's coveted Forestdale Neighborhood.   Within walking distance of historic Waitt's Mountain Park,  this home is also close to Malden's developing downtown, shopping, restaurants and less than 1 mile to Oak Grove MBTA station.  This one-owner home also boasts gleaming hardwood floors throughout, stainless appliances and plenty of windows. Enjoy the seasons in your spacious back yard, complete with deck and keep those New England winters at bay with off street parking and your own garage!  With a newer roof and updated 100 AMP electrical – this home is a blank slate, ready for you to move in and add your personal touches!  Offers to be presented Tuesday by 1:00.
Unit Size
620 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$484
Property Type
House
Property Taxes
$348
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: 5 months ago (MLSPIN #72578685)

Price History

Date / Event Date Event Price
Nov 27, 2019 Sold
Premium
Sold
Oct 11, 2019 Listed by Century 21 North East $299,900
Listed by Century 21 North East

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 620
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,999
  • Total Building Area: 620
  • Gross Building Area: 1,432
  • Building Area: 620
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 620
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • 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:820
  • Block: 828
  • Lot: 820
  • Municipality: MALDEN
  • Latitude: 42.4344
  • Longitude: -71.0631

    Address

  • Full Address: 94 Wallace St
  • Address - House Number: 94
  • 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: $509,700

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 501,925
  • High Value: 588,637
  • Low Value: 415,212

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $436,000
  • Assessed Land Value: $276,500
  • Assessed Improvements Value: $159,500

    Sales

  • Current Sale Contract Date: Nov 15, 2019
  • Current Sale Recording Date: Nov 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 187350
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:

$727,000

Sale Price/ft²

$413

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1932 ft²

Average Home Age

90.9 years

Currently For Sale

35 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: 5 months ago
Data Source: MLS PIN, MLS# 72578685

Frequently Asked Questions

When was property at 94 Wallace Street built and last sold?
The property at 94 Wallace Street was built in 1950 and last sold on Nov 15, 2019 for $330,000.
How much is this home worth?
The estimated value of the home located at 94 Wallace Street is $303,916.
What are some comparable homes to 94 Wallace Street?
There are currently no comparable homes to 94 Wallace Street.
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