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Wilmington 01887
2 Fairfield Road
$305,000
● House - Off Market

2 Fairfield Road

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$486,248
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Just imagine the possibilities here!!  This sweet colonial with hardwood flooring throughout even under the laminate in the kitchen.  With just a few upgrades this diamond in the rough will turn into a gem!! Three spacious bedrooms, a large living room / kitchen area, living room with fireplace and 1 1/2 baths make up the current living area.  Not included in the living area is a sun porch off the rear of the property which can also be converted into living space.  Convenient location to all things Wilmington.  Level fenced in yard, Carport and more.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$241
Property Type
House
Property Taxes
$345
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 #71974181)

Price History

Date / Event Date Event Price
May 12, 2016 Sold
Premium
Sold
Mar 17, 2016 Listed by Coldwell Banker Residential Brokerage - Andover $289,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 552
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,152
  • Gross Building Area: 1,984
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • 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: 331200

Geography

  • Parcel: WILM M:0055 L:0000 P:0151
  • Municipality: WILMINGTON
  • Latitude: 42.5696
  • Longitude: -71.1867

    Address

  • Full Address: 2 Fairfield Rd
  • Address - House Number: 2
  • Address - Street Name: Fairfield
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C005
  • 4-Digit Zip Code: 1708
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $559,400

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 578,351
  • High Value: 672,389
  • Low Value: 484,314

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468,500
  • Assessed Land Value: $234,400
  • Assessed Improvements Value: $234,100

    Sales

  • Current Sale Recording Date: May 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 286770
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:

$699,000

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1956 ft²

Average Home Age

40.6 years

Currently For Sale

40 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# 71974181

Frequently Asked Questions

When was property at 2 Fairfield Road built and last sold?
The property at 2 Fairfield Road was built in 1965 and last sold on Jan 1, 1970 for $305,000.
How much is this home worth?
The estimated value of the home located at 2 Fairfield Road is $305,421.
What are some comparable homes to 2 Fairfield Road?
There are currently no comparable homes to 2 Fairfield Road.
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