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Wilmington 01887
LOT 2 Main Street
$227,900
● House - Off Market

LOT 2 Main Street

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,440 Ft²
$663,733
RealtyHop Estimate
195.12%
Since Jun 1, 2000
MA-Boston
Primary Model

About This Property

TO BE BUILT IN A CONVENIENT LOCATION WITH A LEVEL LOT! FARMERS PORCH, 3 GOOD-SIZED BEDROOMS, FULL BASEMENT, OPEN EAT-IN KITCHEN, PULL-DOWN TO ATTIC.  CALL FOR DETAILS.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$156
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1795

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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 #30383714)

Price History

Date / Event Date Event Price
May 3, 2000 Sold
Premium
Sold
Feb 7, 2000 Listed by Wilson Wolfe Real Estate $224,900
Listed by Wilson Wolfe Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1795
  • Effective Year Built: 1795
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 4
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,152
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 3,346
  • Gross Building Area: 5,730
  • Building Area: 3,346
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,346
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1112
  • County Land Use Code: 111

Neighborhood

  • School District Name: Wilmington School District
  • School Tax School District: WILMINGTON SD
  • Census Tract: 331200

Geography

  • Parcel: WILM M:0055 L:0000 P:0199
  • Municipality: WILMINGTON
  • Latitude: 42.5708
  • Longitude: -71.1883

    Address

  • Full Address: 2 Main St
  • Address - House Number: 2
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C002
  • 4-Digit Zip Code: 1755
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $638,000

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 617,957
  • High Value: 714,073
  • Low Value: 521,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $534,300
  • Assessed Land Value: $235,800
  • Assessed Improvements Value: $298,500

    Sales

  • Current Sale Recording Date: Dec 01, 2017
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 54053
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

$431

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1958 ft²

Average Home Age

46.6 years

Currently For Sale

38 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30383714

Frequently Asked Questions

When was property at 2 Main Street built and last sold?
The property at 2 Main Street was built in 1795 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Main Street is $245,948.
What are some comparable homes to 2 Main Street?
There are currently no comparable homes to 2 Main Street.
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