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26-28 Hamilton Rd
Score
0
Wakefield, MA

26-28 Hamilton Rd

770K
5 bd • 2 ba • 1,540 sf

This analysis was generated on 3/9/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$769,900

Price/Sq.Ft

$500

Year Built

1943

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Hardwood Floors: Original hardwood floors throughout the living areas add character and value. Refinishing would enhance their appeal, potentially increasing property value by $5,000 - $8,000. • Built-in Corner Cabinet: The built-in corner cabinet in the dining area is a charming feature that adds character and storage. It contributes to the overall appeal of the home and could add approximately $1,000 to the property value. • Hardwood Floors • Built-in Corner Cabinet • Price Position: The property is listed at $499.94/sqft, which is 14.6% higher than the median price per square foot of $436.00. • Appreciation Trend: Homes in 01880 have sold for 8.7% more than they did a year ago, indicating strong appreciation. • Rental Income: $4,000/month with 95% occupancy (0.1% cap rate) • Schools: The presence of moderately-rated schools (5/10 to 7/10) likely has a neutral to slightly positive impact on property values. Higher-rated schools could add a premium, but these schools do not appear to be a major value driver. • Future Development: The property description mentions convenience to the downtown area, shopping, and transportation, suggesting potential for ongoing commercial development in the vicinity. However, no specific planned developments are detailed. • The layout is functional but somewhat compartmentalized. Opening up the kitchen to the dining area could improve flow and create a more modern feel. The bedrooms are adequately sized, but the bathrooms are small and outdated.
Hardwood Floors

Hardwood Floors

Original hardwood floors throughout the living areas add character and value. Refinishing would enhance their appeal, potentially increasing property value by $5,000 - $8,000.

Built-in Corner Cabinet

Built-in Corner Cabinet

The built-in corner cabinet in the dining area is a charming feature that adds character and storage. It contributes to the overall appeal of the home and could add approximately $1,000 to the property value.

The Bad

• Kitchen Renovation (HIGH priority): $25,000 • Bathroom Renovation (MEDIUM priority): $10,000 • Driveway Repair/Replacement (MEDIUM priority): $5,000 • Hardwood Floor Refinishing (MEDIUM priority): $3,000 • Major heat and wind risk could lead to increased insurance costs and potential property damage. • Reliance on oil-fired heating systems may become less desirable as energy efficiency standards increase. • Lack of crime data makes it difficult to assess neighborhood safety and potential impact on property values.

The Ugly

• Climate Risk: The property is in FEMA Zone X_UNSHADED, indicating minimal flood risk, so flood insurance is not critical. However, the Major wind risk (6/10) may lead to higher homeowner's insurance premiums, potentially in the range of $1,200-$1,500 annually.
Cracked Driveway

Cracked Driveway

The driveway is cracked and uneven, posing a tripping hazard and detracting from the curb appeal. Repair or replacement is recommended.

Outdated Kitchen

Outdated Kitchen

The kitchen is outdated and in need of a complete renovation. The appliances are old, the cabinets are worn, and the countertops are damaged. A modern kitchen would significantly increase the property's value.

Outdated Bathroom

Outdated Bathroom

The bathroom is small and dated, with old fixtures and worn tiles. A renovation would improve its functionality and aesthetics.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $48,000 with 95% occupancy rate Value Investors: Projected 14.9% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $43,000 in strategic upgrades could significantly increase property value

Not For

Risk-averse buyers: Property faces significant climate-related insurance costs and risks
Demographics
Area Median Income

$110,878

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jun 18, 2020
Gloria S Wager, Geoffrey E Wager26-28 Hamilton Road Rt, Gloria S Wager
Quit Claim Deed
Non-Arm's Length Transactions

Property Taxes

$7,467
2024 Tax Assessment
5.2%from previous year
Assessed Value$663,700
Tax Rate1.13%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

5.0/10
Average

High

7.0/10
Good

Financials

Monthly Costs
Market Rent (5 bed)

$2,025

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$769,900
Price/sqft
$500
Layout
5 bd2 ba
Days on market
3 daysat time of analysis

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$725,667

6.1%

Your price is 6.1% above average

Median Price

$740,000

4.0%

Based on 3 recent sales

Price per Sq.Ft

$500

0.0%

Your price is 0.0% below average $/sqft

Comparable Properties

58 Chestnut St, Wakefield, MA 01880
Price: $785,000
Sq.Ft: 1,781
Beds/Baths: 5/2
$/Sq.Ft:
$44111.8%
Sale Date: 12/11/2024
96 Gould Street, Wakefield, MA 01880
Price: $652,000
Sq.Ft: 1,391
Beds/Baths: 4/2
$/Sq.Ft:
$4696.2%
Sale Date: 10/10/2024
235 Green Street, Stoneham, MA 02180
Price: $740,000
Sq.Ft: 1,252
Beds/Baths: 4/2
$/Sq.Ft:
$59118.2%
Sale Date: 10/3/2024

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