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Burlington 01803 Burlington Town Center
2 Independance Drive
$266,000
● House - Off Market

2 Independance Drive

Burlington, MA 01803
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,045 Ft²
$1,065,264
RealtyHop Estimate
280.59%
Since Jun 1, 1998
MA-Boston
Primary Model

About This Property

FULL 3 ROOM IN-LAW OR COULD BE SEPERATE MASTER BEDROOM SUITE, PRIVATE 1/2 ACRES SETTING ON DEAD END STREET.
Unit Size
2,045 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$137
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1954

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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 years ago (MLSPIN #30205867)

Price History

Date / Event Date Event Price
Apr 29, 2002 Sold
Premium
Sold
Feb 14, 2002 Listed by Barrett, Chris. J., REALTORS® $440,000
Listed by Barrett, Chris. J., REALTORS®
May 20, 1998 Sold
Premium
Sold
Feb 19, 1998 Listed by Barrett, Chris. J., REALTORS® $279,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 798
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,025
  • Total Building Area: 2,233
  • Gross Building Area: 3,741
  • Building Area: 2,233
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,233
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Burlington School District
  • School Tax School District: BURLINGTON SD
  • Census Tract: 332401

Zoning

  • Zoning: RO

Geography

  • Parcel: BURL M:000035 P:000033
  • Municipality: BURLINGTON
  • Latitude: 42.4995
  • Longitude: -71.203

    Address

  • Full Address: 2 Independence Dr
  • Address - House Number: 2
  • Address - Street Name: Independence
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Burlington
  • Carrier Code: C035
  • 4-Digit Zip Code: 4019
  • Zip Code: 01803

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $678,700

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 928,678
  • High Value: 1,092,008
  • Low Value: 765,348

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $759,200
  • Assessed Land Value: $392,100
  • Assessed Improvements Value: $367,100

    Sales

  • Current Sale Recording Date: Apr 29, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 214
  • Previous Sale Recording Date: May 20, 1998
  • Previous Sale Amount: $266,000
  • Previous Sale Document Type: 27
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 Burlington Town Center

Stats & Trends

Median Asking:

$799,900

Sale Price/ft²

$414

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3104 ft²

Average Home Age

45.9 years

Currently For Sale

14 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 20 Corporate Drive, Burlington, MA, 01803

$2,793 /mo

  • 1 Bed
  • 1 Bath
  • 708 ft²
20 Corporate Drive #A1B, Burlington, MA, 01803 Listing by Equity Residential
Unit for rent at 2 Littles Brook Court, Burlington, MA, 01803

$3,420 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
2 Littles Brook Court #Dover, Burlington, MA, 01803 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30205867

Frequently Asked Questions

When was property at 2 Independence Drive built and last sold?
The property at 2 Independence Drive was built in 1954 and last sold on Jan 1, 1970 for $438,000.
How much is this home worth?
The estimated value of the home located at 2 Independence Drive is $492,353.
What are some comparable homes to 2 Independence Drive?
There are currently no comparable homes to 2 Independence Drive.
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