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Wakefield 01880
9A Melvin Street
$360,000
● House - Off Market

9A Melvin Street

Wakefield, MA 01880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,288 Ft²
$680,438
RealtyHop Estimate
83.95%
Since Nov 1, 2004
MA-Boston
Primary Model

About This Property

Side entrance Colonial home features a 15,000 sq. ft lot, new large kitchen, new bay window liv. rm and your choice of dining rm or family rm. New vinyl clad double hung windows and vinyl siding. Access home from Melvin Street, via a right of way easement over 9 Melvin St., However, the property has 100' of frontage on Cyrus St. which would allow the opportunity to create a new driveway access if so desired. Kitchen and easy access to back yard deck are ideal for entertaining family or friends.
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$287
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1900

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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 #70054229)

Price History

Date / Event Date Event Price
May 19, 2017 Sold
Premium
Sold
Oct 15, 2004 Sold
Premium
Sold
Jun 22, 2004 Listed by Century 21 Greer's R. E. $369,900
Listed by Century 21 Greer's R. E.
Jun 26, 1996 Sold
Premium
Sold
Nov 12, 1995 Listed by Boardwalk Real Estate $149,900
Listed by Boardwalk Real Estate
LARGE FENCED BACKYARD COMMON DRIVEWAY, BUT FRONTAGE ON CYRUS STREET COULD GIVE PRIVATE EXTRANCE, LOW MAINTENANCE VINYL SIDING

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 810
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,289
  • Gross Building Area: 2,298
  • Building Area: 1,289
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,289
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: GR

Geography

  • Account Number: 36548
  • Parcel: WAKE M:000018 B:0130 P:0014A+
  • Block: 130
  • Municipality: WAKEFIELD
  • Latitude: 42.5018
  • Longitude: -71.0635

    Address

  • Full Address: 9a Melvin St
  • Address - House Number: 9a
  • Address - Street Name: Melvin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wakefield
  • Carrier Code: C038
  • 4-Digit Zip Code: 3412
  • Zip Code: 01880

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $641,000

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 645,881
  • High Value: 762,585
  • Low Value: 529,177

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $569,800
  • Assessed Land Value: $318,600
  • Assessed Improvements Value: $251,200

    Sales

  • Current Sale Recording Date: May 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 74593
  • Previous Sale Recording Date: Oct 15, 2004
  • Previous Sale Amount: $360,000
  • 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

$450

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1889 ft²

Average Home Age

68.4 years

Currently For Sale

49 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 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,665 /mo

  • Studio
  • 1 Bath
  • 588 ft²
200 Quannapowitt Parkway #S3, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70054229

Frequently Asked Questions

When was property at 9A Melvin Street built and last sold?
The property at 9A Melvin Street was built in 1900 and last sold on Jan 1, 1970 for $432,000.
How much is this home worth?
The estimated value of the home located at 9A Melvin Street is $386,479.
What are some comparable homes to 9A Melvin Street?
There are currently no comparable homes to 9A Melvin Street.
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