Mary Kelly
Century 21 Property Central Inc.
(339) 229-6334
92 Total Sales
3 in Lakeside
$500K - $735K Price Range
16 Otis St Wakefield, MA 01880
Lakeside NeighborhoodEstimated Value: $870,000 - $973,057
4
Beds
2
Baths
2,273
Sq Ft
$407/Sq Ft
Est. Value
Highlights
- Waterfront
- Wood Flooring
- Porch
- Property is near public transit
- Corner Lot
- Park
About This Home
As of February 2022Great two-family home in one of the most desirable areas of Wakefield. The location will be what draws you to this house but the size, character & features are what will make you fall in love. Add your personal touches and make this an amazing investment. The close proximity to all the shops and restaurants, Lake Quannapowitt, the commuter rail and highway access means finding a tenant will never be an issue. Both units feature gorgeous hardwood floors & great size bedrooms.. Unit one boasts in-unit laundry & an oversized kitchen just waiting for your updates. Unit two has 2 levels of living and space for a home office or den. The expansive back yard allows for an abundance of parking which is a must for tenants. This home has loads of potential so don’t miss this opportunity to own this oversized multi family in the most amazing location.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,224
Year Built
- Built in 1880
Lot Details
- 8,276 Sq Ft Lot
- Waterfront
- Corner Lot
Home Design
- Block Foundation
Interior Spaces
- 2,273 Sq Ft Home
- Property has 1 Level
- Wood Flooring
- Laundry Room
- Unfinished Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Outdoor Storage
- Porch
Location
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $1,800
- Assessor Parcel Number M:000017 B:0040 P:000161,818375
Community Details
Recreation
- Park
Additional Features
- 2 Units
- Shops
- Net Operating Income $21,600
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 3, 2022
Closed on
Feb 14, 2022
Sold by
Opland Ft and Macneill
Bought by
Seller's Agent
Jill McTague
REMAX Andrew Realty Services
Buyer's Agent
Amanda Chan
Real Broker MA, LLC
List Price
$699,000
Sold Price
$710,000
Premium/Discount to List
$11,000
1.57%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,514
Avg. Annual Appreciation
5.96%
Original Mortgage
$603,500
Outstanding Balance
$550,741
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$373,773
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lakeside, MA
-
Mary Kelly
-
Diane Cadogan Hughes
Diane Cadogan Hughes
Barrett Sotheby's International Realty
(781) 776-5452
73 Total Sales
1 in Lakeside
$625,000 Price
-
David Brown
David Brown
Coldwell Banker Realty - Beverly
(339) 666-1240
60 Total Sales
1 in Lakeside
$1,200,000 Price
-
Bobbie Botticelli
Bobbie Botticelli
Colonial Manor Realty
(781) 512-7856
71 Total Sales
1 in Lakeside
$645,000 Price
-
Tracey Knox
Tracey Knox
William Raveis R.E. & Home Services
(857) 232-6646
34 Total Sales
1 in Lakeside
$800,000 Price
-
ZhiChao Chen
ZhiChao Chen
SPACE CY REALTY LIMITED
(855) 528-1854
143 Total Sales
2 in Lakeside
$600K - $950K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $710,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | -- | $603,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/14/2022 02/14/22 | Sold | $710,000 | +1.6% | $312 / Sq Ft |
| 01/12/2022 01/12/22 | Pending | -- | -- | -- |
| 01/03/2022 01/03/22 | For Sale | $699,000 | -- | $308 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,645 | $849,800 | $398,900 | $450,900 |
| 2024 | $9,741 | $865,900 | $406,500 | $459,400 |
| 2023 | $9,580 | $816,700 | $370,400 | $446,300 |
| 2022 | $8,905 | $722,800 | $327,800 | $395,000 |
| 2021 | $8,224 | $646,000 | $302,900 | $343,100 |
| 2020 | $7,640 | $598,300 | $280,500 | $317,800 |
| 2019 | $7,367 | $574,200 | $269,200 | $305,000 |
| 2018 | $7,006 | $541,000 | $253,600 | $287,400 |
| 2017 | $6,680 | $512,700 | $240,400 | $272,300 |
| 2016 | $5,992 | $444,200 | $220,100 | $224,100 |
| 2015 | $5,875 | $435,800 | $215,900 | $219,900 |
| 2014 | $5,356 | $419,100 | $207,600 | $211,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jill McTague
Seller's Agent in 2022
Jill McTague
RE/MAX
(781) 956-6862
3 in this area
145 Total Sales
-
Amanda Chan
AC
Buyer's Agent in 2022
Amanda Chan
Real Broker MA, LLC
2 in this area
12 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72930568
APN: WAKE-000017-000040-000161
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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