Seller's Agent in 2022
Chrisanne Connolly
Wilson Wolfe Real Estate
(508) 846-5709
1 in this area
151 Total Sales
40-4 Armory St Wakefield, MA 01880
Downtown Wakefield NeighborhoodEstimated Value: $881,406 - $1,005,000
6
Beds
2
Baths
2,424
Sq Ft
$389/Sq Ft
Est. Value
Highlights
- Property is near public transit
- 4-minute walk to Wakefield
- Bathtub
- Wood Flooring
- Porch
- Patio
About This Home
As of July 2022OFFERS DUE 6/8 @11:00 AM~ LOCATION! LOCATION! LOCATION! This 2 family property with a 91 walk score paid for 3 college tuitions and now it is time for you to benefit! Stop paying rent and invest in a property with STRONG CASH FLOW that will continue to steadily build equity. A wonderful lifestyle awaits you and your tenants in this well maintained property with great bones! Experience all that downtown Wakefield has to offer; Lake Quannapowitt with its parks, walking paths and iconic bandstand, numerous downtown restaurants & shops, Wakefield Dog Park, convenient commuter rail access, nearby schools and all major necessities are a stone's throw away! Roof was replaced in 2013, maintenance-free vinyl siding, replacement windows throughout, both NATURAL GAS heating systems are approx.10 years old,level and partially fenced yard. Separate laundry hookups, utilities and entrances. Interior shows very well with high ceilings and original woodwork & flooring throughout.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,233
Year Built
- Built in 1910
Lot Details
- 5,009 Sq Ft Lot
- Fenced
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,424 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Window Screens
- Insulated Doors
- Storage
- Washer
Kitchen
- Range
- Dishwasher
- Disposal
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 5 Car Parking Spaces
- Common or Shared Parking
- Shared Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Patio
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Woodville Elementary School
- Galvin Middle School
- WHS High School
Utilities
- Window Unit Cooling System
- 2 Heating Zones
- Heating System Uses Natural Gas
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Total Actual Rent $4,800
- Rent includes unit 1(water), unit 2(water)
- Legal Lot and Block A19 / 16
- Assessor Parcel Number M:000013 B:0016 P:000A19,817408
Community Details
Overview
- 2 Units
Amenities
- Shops
- Coin Laundry
Building Details
- Insurance Expense $2,500
- Water Sewer Expense $2,700
- Operating Expense $12,433
- Net Operating Income $45,167
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 30, 1997
Sold by
Zagaja Ronald and Zagaja Sally S
Bought by
Spear Barry E and Ziolkowski Tara L
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
7.81%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Spear Barry E | $168,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sharif-Nouissi Asma S | $588,750 | |
| Closed | Spear Barry E | $146,000 | |
| Closed | Zagaja Ronald E | $154,000 | |
| Closed | Zagaja Ronald E | $151,200 | |
| Previous Owner | Zagaja Ronald E | $117,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2022 07/28/22 | Sold | $785,000 | +3.3% | $324 / Sq Ft |
| 06/10/2022 06/10/22 | Pending | -- | -- | -- |
| 06/01/2022 06/01/22 | For Sale | $759,900 | -- | $313 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,070 | $711,000 | $335,700 | $375,300 |
| 2024 | $7,952 | $706,800 | $333,700 | $373,100 |
| 2023 | $7,561 | $644,600 | $304,400 | $340,200 |
| 2022 | $7,233 | $587,100 | $277,200 | $309,900 |
| 2021 | $7,047 | $553,600 | $258,400 | $295,200 |
| 2020 | $6,608 | $517,500 | $241,600 | $275,900 |
| 2019 | $6,314 | $492,100 | $229,700 | $262,400 |
| 2018 | $5,878 | $453,900 | $211,900 | $242,000 |
| 2017 | $5,527 | $424,200 | $198,000 | $226,200 |
| 2016 | $5,061 | $375,200 | $187,300 | $187,900 |
| 2015 | $4,726 | $350,600 | $175,000 | $175,600 |
| 2014 | $4,308 | $337,100 | $168,300 | $168,800 |
Source: Public Records
Agents Affiliated with this Home
-
Chrisanne Connolly
-
Megan Pinkham
Buyer's Agent in 2022
Megan Pinkham
Coldwell Banker Realty - Haverhill
(508) 344-9220
1 in this area
18 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72990714
APN: WAKE-000013-000016-A000000-000019
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