NOT LISTED FOR SALE

318 Water St Wakefield, MA 01880

Montrose Neighborhood
6 Beds
6 Baths
4,492 Sq Ft
0.54 Acres

Last Sold February 09, 2022

Last sale price $1,500,000 $334 Per Sq Ft

122 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Jogging Path
  • City View
  • Plywood Flooring
  • Park

About This Home

As of February 2022

Truly rare find. Beautifully sited on a commanding 1/2 acre knoll. A made to order set up with this well maintained six unit building with all separate utilities. The six three room, one bedroom apartments are all fully leased. All updated gas boilers, gas hot water and individual electric. The building has a recently paved driveway and an expansive parking area. There is a coin op laundry (unit 6 is rented at $1,725). Wonderful investment opportunity.

Last Agent to Sell the Property

Chris Barrett

Barrett, Chris. J., REALTORS® Listed on: 08/27/2021

Last Buyer's Agent

Dennis Kelleher

Horvath & Tremblay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,239

Year Built

  • Built in 1900

Lot Details

  • 0.54 Acre Lot
  • Near Conservation Area
  • Level Lot

Home Design

  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,492 Sq Ft Home
  • City Views
  • Laundry Room

Flooring

  • Plywood
  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 10 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Woodville Elementary School
  • Galvin Middle School
  • Wakwefield High School

Utilities

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

Listing and Financial Details

  • Total Actual Rent $9,705
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:000031 B:0238 P:00028B,821685

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $360
  • Insurance Expense $3,169
  • Water Sewer Expense $2,000
  • Operating Expense $18,196
  • Net Operating Income $98,264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,239

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Wood,Plywood,Carpet,Concrete,Varies Per Unit, Unit 1(undefined), Unit 2(Wood Flooring), Unit 3(Wood Flooring)
  • Interior Amenities: Unit 1(Internet Available - Broadband), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range), Unit 2(Range), Unit 3(Range), Unit 4(Range), Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Laundry Features: Laundry Room
  • Basement: Partial, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 4492
  • Stories Total: 9
  • MAIN LO: B50201
  • LIST PRICE PER Sq Ft: 343.94
  • PRICE PER Sq Ft: 333.93
  • MAIN SO: AN2723

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Length: 87
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None), Unit 4(None)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Radiators,Gas), Unit 4(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Electric: Individually Metered, Varies per Unit
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: MWRA
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2000

Lot Info

  • Parcel Number: M:000031 B:0238 P:00028B,821685
  • Zoning: SR
  • Farm Land Area Units: Square Feet
  • Lot Features: Level, Sloped
  • Lot Size Acres: 0.54
  • Lot Size Area: 0.54
  • Lot Size Sq Ft: 23522.4
  • Lot Size Units: Acres
  • LOT SIZE: 23370
  • PAGE: 547

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10239
  • Tax Book Number: 17942

Multi Family

  • Electric Expense: 360
  • Gross Income: 120756
  • Insurance Expense: 3169
  • Net Operating Income: 98264
  • Number Of Units Total: 6
  • Operating Expense: 18196
  • Total Actual Rent: 9705
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Wakwefield
  • Elementary School: Woodville
  • Middle Or Junior School: Galvin

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $1,500,000 -11.5% $334 / Sq Ft
12/28/2021 12/28/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $1,695,000 -- $377 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Barrett

    Seller's Agent in 2022

    Chris Barrett

    Barrett, Chris. J., REALTORS®

    (800) 240-5011

    13 in this area

    95 Total Sales

    Chris Barrett
    Section Image
  • Dennis Kelleher

    Buyer's Agent in 2022

    Dennis Kelleher

    Horvath & Tremblay

    (781) 776-4002

    1 in this area

    57 Total Sales

    Dennis Kelleher
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72887249

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Wakefield 01880 Montrose

318 Water St, Wakefield, MA

This home is located at 318 Water St, Wakefield, MA 01880 since 27 August 2021. This property was built in 1900. 318 Water 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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