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Wilmington 01887
12 Grace Dr
$415,000
● House - Off Market

12 Grace Dr

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
1 Bath
square feet
999 Ft²
$606,729
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

AMAZING OPPORTUNITY to own a well maintained Ranch style home located in one of Wilmington's lovely neighborhoods.  This home sits on a 22,500 square foot flat lot, with a private back yard.  Main level features 3 bedrooms with hardwood floors, 1 full bath, kitchen with oak cabinets, and sunny filled living room with a wood burning fireplace.   Home is freshly painted with wonderful light shades of color.   Downstairs offers more room for further expansion if so desired.  Updates are central air, newer septic system, vinyl siding, and a shed with a garage door.  Wilmington has 2 Commuter rails to Boston and easy acccess to major highways.  This home is located near a park with tennis courts, fields and playground. New Septic System under 2 years old
Unit Size
999 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$410
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72376759)

Price History

Date / Event Date Event Price
Sep 17, 2018 Sold
Premium
Sold
Aug 9, 2018 Listed by ERA Key Realty Services $409,900
Listed by ERA Key Realty Services
Dec 19, 2016 Sold
Premium
Sold
Nov 11, 2016 Listed by ERA Key Realty Services $369,900
Listed by ERA Key Realty Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 975
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 999
  • Gross Building Area: 1,974
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 999
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JACKSON HEIGHTS 02 WILMINGTON
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wilmington School District
  • School Tax School District: WILMINGTON SD
  • Census Tract: 331300

Geography

  • Parcel: WILM M:0036 L:0000 P:0145
  • Municipality: WILMINGTON
  • Latitude: 42.5665
  • Longitude: -71.2083

    Address

  • Full Address: 12 Grace Dr
  • Address - House Number: 12
  • Address - Street Name: Grace
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C006
  • 4-Digit Zip Code: 1619
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $607,700
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 603,960
  • High Value: 715,781
  • Low Value: 492,139

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $509,000
  • Assessed Land Value: $282,600
  • Assessed Improvements Value: $226,400

    Sales

  • Current Sale Recording Date: Sep 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40576
  • Previous Sale Recording Date: Dec 19, 2016
  • Previous Sale Amount: $379,900
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wilmington

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1996 ft²

Average Home Age

39.9 years

Currently For Sale

39 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 30 Four Seasons Drive, Hampstead, 01841

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,820 ft²
30 Four Seasons Drive #30, Hampstead, 01841

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72376759

Frequently Asked Questions

When was property at 12 Grace Drive built and last sold?
The property at 12 Grace Drive was built in 1965 and last sold on Jan 1, 1970 for $415,000.
How much is this home worth?
The estimated value of the home located at 12 Grace Drive is $414,454.
What are some comparable homes to 12 Grace Drive?
There are currently no comparable homes to 12 Grace Drive.
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