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Wilmington 01887
2 Patterson Street
$535,000
● House - Off Market

2 Patterson Street

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,070 Ft²
$1,005,915
RealtyHop Estimate
89.83%
Since Dec 1, 2013
MA-Boston
Primary Model

About This Property

Gorgeous New Colonial with open floor plan!  Family room/kitchen combination with fireplace, formal dining room, four bedrooms, master bedroom has walk- in closet and private bath. Future expansion possible with walk up attic, 2 car garage. Home is located on dead end street, close to Route 93.....beautiful half acre!!
Unit Size
2,070 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$256
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
2013

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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: 6 months ago (MLSPIN #71588140)

Price History

Date / Event Date Event Price
Oct 31, 2013 Sold
Premium
Sold
Sep 25, 2013 Listed by RE/MAX Encore $529,900
Listed by RE/MAX Encore
Jan 30, 2013 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 428
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,216
  • Total Building Area: 2,068
  • Gross Building Area: 4,292
  • Building Area: 2,068
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,068
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000510
  • 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: 331102

Geography

  • Parcel: WILM M:0062 L:0000 P:0016
  • Municipality: WILMINGTON
  • Latitude: 42.5581
  • Longitude: -71.1509

    Address

  • Full Address: 2 Patterson St
  • Address - House Number: 2
  • Address - Street Name: Patterson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wilmington
  • Carrier Code: R005
  • 4-Digit Zip Code: 2539
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $875,800

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 851,129
  • High Value: 989,519
  • Low Value: 712,739

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $733,500
  • Assessed Land Value: $256,600
  • Assessed Improvements Value: $476,900

    Sales

  • Current Sale Recording Date: Oct 31, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000005
  • Previous Sale Recording Date: Jan 30, 2013
  • Previous Sale Amount: $140,000
  • 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

$427

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1906 ft²

Average Home Age

48.7 years

Currently For Sale

36 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71588140

Frequently Asked Questions

When was property at 2 Patterson Street built and last sold?
The property at 2 Patterson Street was built in 2013 and last sold on Jan 1, 1970 for $535,000.
How much is this home worth?
The estimated value of the home located at 2 Patterson Street is $551,237.
What are some comparable homes to 2 Patterson Street?
There are currently no comparable homes to 2 Patterson Street.
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