NOT LISTED FOR SALE

306 Main St Wakefield, MA 01880

Downtown Wakefield Neighborhood

Estimated Value: $1,315,354

4 Beds
4.5 Baths
3,542 Sq Ft
$371/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $1,140,000 $322 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,167/month

12 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Jogging Path
  • Property is near public transit
  • Tennis Courts
  • 3-minute walk to Wakefield Common Park

About This Home

As of March 2022

Thriving building set in an amazing downtown Wakefield location. Business zoned multi unit mixed use building. Features 4 1 bedroom apartments and a 900 + -S/F 1st floor retail space currently in use as an antique shop. All residential units have individual electric appliances and heat. The retail space is FHW by gas. There is parking for approximately 5 cars.

Last Agent to Sell the Property

Chris Barrett

Barrett, Chris. J., REALTORS® Listed on: 01/04/2022

Last Buyer's Agent

Rachel Gallant

Century 21 North East

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,074

Year Built

  • Built in 1880

Lot Details

  • 5,227 Sq Ft Lot
  • Near Conservation Area
  • Corner Lot
  • Irregular Lot
  • Gentle Sloping Lot

Home Design

  • Quadruplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,542 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 6 Car Parking Spaces
  • Common or Shared Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 5 Heating Zones
  • Heating Available
  • Separate Meters
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $6,047
  • Rent includes unit 1(water hot water), unit 2(water hot water), unit 3(water hot water), unit 4(water hot water)
  • Assessor Parcel Number M:000017 B:0085 P:00084B,818418

Community Details

Overview

  • 5 Units

Amenities

  • Medical Services
  • Shops

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $60
  • Insurance Expense $2,205
  • Water Sewer Expense $4,500
  • Operating Expense $7,665
  • Net Operating Income $64,899

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,074

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1880
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Vinyl,Carpet,Varies Per Unit
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen,Office/Den), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Gas Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bathrooms: 4.5
  • Laundry Features: Laundry Room
  • Basement: Full, Partially Finished, Interior Entry, Bulkhead, Concrete
  • Living Area: 3542
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: B50201
  • LIST PRICE PER Sq Ft: 309.15
  • PRICE PER Sq Ft: 321.85
  • MAIN SO: AN4339

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Irregular, Other
  • Frontage Length: 146
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Common
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: None
  • Heating: Electric, Unit 1(Electric Baseboard), Unit 2(Electric Baseboard), Unit 3(Electric Baseboard), Unit 4(Electric Baseboard)
  • Cooling Y N: No
  • Electric: Circuit Breakers, Common, Individually Metered, Varies per Unit
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: MWRA
  • HEAT UNITS: 1
  • HEAT ZONES: 5
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Water,Hot Water), Unit 2(Water,Hot Water), Unit 3(Water,Hot Water), Unit 4(Water,Hot Water)

Fee Information

  • Water Sewer Expenses: 4500

Lot Info

  • Parcel Number: M:000017 B:0085 P:00084B,818418
  • Zoning: B
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Gentle Sloping
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.2
  • Lot Size Units: Acres
  • LOT SIZE: 5062
  • PAGE: 1

Green Features

  • Green Energy Efficient: Varies per Unit

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7074.06
  • Tax Book Number: 19071

Multi Family

  • Electric Expense: 60
  • Gross Income: 72564
  • Insurance Expense: 2205
  • Net Operating Income: 64899
  • Number Of Units Total: 5
  • Operating Expense: 7665
  • Total Actual Rent: 6047
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 1988
Sold by
Scott Rt
Bought by
Swansburg Donald E
Current Estimated Value
$1,315,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
10.13%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Swansburg Donald E $283,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 306 Main Street Llc $912,000
Closed 306 Main Street Llc $912,000
Closed Gmb Rt $60,000
Closed Scott Rt $226,000
Previous Owner Scott Rt $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $1,140,000 +4.1% $322 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $1,095,000 -- $309 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

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 -- $1,074,800 $450,800 $624,000
2024 -- $1,064,200 $446,300 $617,900
2023 $0 $966,600 $405,400 $561,200
2022 $0 $578,800 $248,000 $330,800
2021 $0 $555,700 $223,800 $331,900
2020 $7,490 $531,100 $213,900 $317,200
2019 $0 $501,100 $201,800 $299,300
2018 $0 $460,000 $189,900 $270,100
2017 -- $444,500 $183,500 $261,000
2016 -- $447,800 $180,400 $267,400
2015 -- $426,900 $172,000 $254,900
2014 -- $418,500 $168,600 $249,900
Source: Public Records

Agents Affiliated with this Home

  • Chris Barrett

    Seller's Agent in 2022

    Chris Barrett

    Barrett, Chris. J., REALTORS®

    (800) 240-5011

    5 in this area

    96 Total Sales

    Chris Barrett
    Section Image

  • R

    Buyer's Agent in 2022

    Rachel Gallant

    Century 21 North East

    (617) 840-7696

    1 in this area

    26 Total Sales

    Rachel Gallant
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72930983

MLS Property Information Network (MLS PIN)

APN: WAKE-000017-000085-000084B

Massachusetts Middlesex County Wakefield 01880 Downtown Wakefield

306 Main St, Wakefield, MA

This home is located at 306 Main St, Wakefield, MA 01880 since 04 January 2022 and is currently estimated at $1,315,354, approximately $371 per square foot. This property was built in 1880. 306 Main St is a home located in Middlesex County with nearby schools including Wakefield Memorial High School, St Joseph School, and Odyssey Day School.

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.

MLS Property Information Network (MLS PIN) 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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