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Wakefield 01880
97 Chestnut St
$680,000
● House - Off Market

97 Chestnut St

Wakefield, MA 01880
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,044 Ft²
$914,638
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Charming West Side colonial with optional granny unit.  Private side patio and large backyard provide setting for play areas and family gatherings.  Unfinished basement gives you ample space for storage or expansion.  Large two car garage and driveway provide parking for four to six cars.  Short walk to commuter rail, lake, downtown, schools, and churches. This lovely home awaits your personal touch.
Unit Size
2,044 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$337
Property Type
House
Property Taxes
$662
HOA Dues
-
Year Built
1976

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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 #72629835)

Price History

Date / Event Date Event Price
Aug 10, 2020 Sold
Premium
Sold
Mar 7, 2020 Listed by The Greene Realty Group $689,000
Listed by The Greene Realty Group
Dec 1, 2008 Sold
Premium
Sold
Nov 2, 2008 Listed by The Greene Realty Group $379,900
Listed by The Greene Realty Group

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,344
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,571
  • Total Building Area: 2,447
  • Gross Building Area: 3,704
  • Building Area: 2,447
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 2,447
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAKEFIELD
  • Land Acres: 0000000289
  • 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: 9304
  • District: 305
  • Parcel: WAKE M:000007 B:0231 P:00039A
  • Block: 231
  • Municipality: WAKEFIELD
  • Latitude: 42.5018
  • Longitude: -71.0832

    Address

  • Full Address: 97 Chestnut St
  • Address - House Number: 97
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2233
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $896,200

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 853,719
  • High Value: 1,003,723
  • Low Value: 703,716

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $796,600
  • Assessed Land Value: $405,000
  • Assessed Improvements Value: $391,600

    Sales

  • Current Sale Contract Date: Aug 06, 2020
  • Current Sale Recording Date: Aug 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 134382
  • Previous Sale Recording Date: Dec 01, 2008
  • Previous Sale Amount: $379,900
  • Previous Sale Document Type: 27
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

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, 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# 72629835

Frequently Asked Questions

When was property at 97 Chestnut Street built and last sold?
The property at 97 Chestnut Street was built in 1976 and last sold on Aug 6, 2020 for $680,000.
How much is this home worth?
The estimated value of the home located at 97 Chestnut Street is $695,436.
What are some comparable homes to 97 Chestnut Street?
There are currently no comparable homes to 97 Chestnut Street.
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