Seller's Agent in 2024
Chris Barrett
Barrett, Chris. J., REALTORS®
(800) 240-5011
5 in this area
96 Total Sales
53-55 Albion St Wakefield, MA 01880
Downtown Wakefield NeighborhoodEstimated Value: $1,087,278
4
Beds
2.5
Baths
3,852
Sq Ft
$282/Sq Ft
Est. Value
Highlights
- Medical Services
- 3-minute walk to Wakefield
- Property is near public transit
- City View
- Open Floorplan
- Wood Flooring
About This Home
As of September 2024Business zoned downtown mixed use building in the Albion Street Wakefield business district. Three unit building includes 2 residential rental apartments with a beautifully fit out 1,650 +- retail space. The expansive sales floor is 47X25 and includes a L shaped service counter, a 15X7 office,18X9 storage room, newer kitchenette, half bath, plus a 13X16 step up rear storage area. The 2nd floor is a leased 4 room, 1 bedroom apartment. The top floor 3 bedroom unit is freshly painted and renovated with a new kitchen and appliances, all new windows, laminate floors and doors. The building has a "walk score" of 87 and is located less than 1/3 of a mile to commuter rail and or downtown shops and restaurants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,770
Year Built
- Built in 1900
Lot Details
- 2,073 Sq Ft Lot
- Level Lot
- Irregular Lot
- Zero Lot Line
Parking
- Open Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,852 Sq Ft Home
- Open Floorplan
- Living Room
- Home Office
- Storage
- City Views
- Home Security System
- Range
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
- Crawl Space
Location
- Property is near public transit
- Property is near schools
Schools
- Tbd Elementary School
- Galvin Middle School
- Wakefield High School
Utilities
- No Cooling
- Forced Air Heating and Cooling System
- 1 Cooling Zone
- 3 Heating Zones
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Separate Meters
- High Speed Internet
Listing and Financial Details
- Total Actual Rent $1,850
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:000012 B:0146 P:000148,817096
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $132
- Insurance Expense $3,072
- Water Sewer Expense $975
- Operating Expense $5,115
- Net Operating Income $22,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 25, 2000
Sold by
Berg Kenneth and Berg Ann
Bought by
Compass Rt and Swansburg
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
$292,500
Interest Rate
7.84%
Mortgage Type
Commercial
Purchase Details
Closed on
May 5, 1989
Sold by
Kreymer Alexander
Bought by
Berg Kenneth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
11.14%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Compass Rt | $222,500 | -- | |
| Berg Kenneth | $290,000 | -- | |
| Berg Kenneth | $290,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Berg Kenneth | $292,500 | |
| Previous Owner | Berg Kenneth | $30,000 | |
| Previous Owner | Berg Kenneth | $230,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2024 09/20/24 | Sold | $1,005,000 | -3.4% | $261 / Sq Ft |
| 08/15/2024 08/15/24 | Pending | -- | -- | -- |
| 06/05/2024 06/05/24 | For Sale | $1,040,000 | 0.0% | $270 / Sq Ft |
| 03/17/2024 03/17/24 | Pending | -- | -- | -- |
| 01/23/2024 01/23/24 | For Sale | $1,040,000 | -- | $270 / 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 | -- | $706,400 | $273,400 | $433,000 |
| 2024 | -- | $699,500 | $270,700 | $428,800 |
| 2023 | $0 | $635,300 | $245,800 | $389,500 |
| 2022 | $0 | $527,400 | $225,500 | $301,900 |
| 2021 | $0 | $520,600 | $203,600 | $317,000 |
| 2020 | $0 | $497,600 | $194,600 | $303,000 |
| 2019 | $0 | $469,400 | $183,600 | $285,800 |
| 2018 | $0 | $429,200 | $172,700 | $256,500 |
| 2017 | -- | $414,700 | $166,900 | $247,800 |
| 2016 | -- | $416,400 | $164,100 | $252,300 |
| 2015 | -- | $396,900 | $156,400 | $240,500 |
| 2014 | -- | $389,200 | $153,400 | $235,800 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Barrett
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73195862
APN: WAKE-000012-000146-000148
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.
Nearby Homes
- 13 Chestnut St Unit A
- 13 Chestnut St Unit B
- 10 Foster St Unit 405
- 175 North Ave Unit 215
- 22 Armory St
- 46 Yale Ave
- 6 Avon Ct Unit 2
- 62 Foundry St Unit 216
- 62 Foundry St Unit 208
- 62 Foundry St Unit 201
- 62 Foundry St Unit 406
- 62 Foundry St Unit 312
- 62 Foundry St Unit 310
- 62 Foundry St Unit 313
- 69 Foundry St Unit 314
- 69 Foundry St Unit 305
- 24 Park St
- 30 Park St
- 266 Albion St Unit 14
- 276 Albion St Unit 1
- 53 Albion St Unit 55
- 59 Albion St
- 59-61 Albion St
- 63 Albion St
- 63 Albion St Unit 2
- 16 Chestnut St Unit 6
- 14 Chestnut St Unit 1A
- 14 Chestnut St
- 58 Albion St
- 67-69 Albion St
- 67 Albion St
- 64 Albion St
- 50 Albion St
- 50 Albion St Unit 1
- 18 Chestnut St
- 18 Chestnut St Unit 4
- 20 Chestnut St
- 20 Chestnut St Unit 3
- 20 Chestnut St Unit 1
- 20 Chestnut St Unit 2