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Middlesex 01469
224 Wallace Hill Rd
$580,000
● House - Off Market

224 Wallace Hill Rd

Townsend, MA 01469
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,460 Ft²
$604,599
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Beautiful Colonial home with farmers porch nestled in the woods and nature of Townsend. The home offers 10 Rooms, 4 Bedrooms, 2.5 Bathrooms, 2 Car Garage under.  The first floor offers an open concept floor plan with a large family room featuring a cathedral ceiling, center fireplace and ceiling fan, kitchen, laundry, living room and half bath with tile flooring. Bamboo flooring throughout the main floor and second floor offers 4 bedrooms with bamboo hardwood, 2 full baths. Home has been outfitted with an  ADT alarm system and generator hookup. New improvements include a driveway, bamboo flooring throughout, front walkway, dishwasher, microwave and well pump. This is a gem of a home. Easy to show.
Unit Size
2,460 Ft²
Days on Market
-
Land Size
3.64 acres
Price per sqft
$232
Property Type
House
Property Taxes
$643
HOA Dues
-
Year Built
2003

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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 #73040590)

Price History

Date / Event Date Event Price
Dec 27, 2022 Sold
Premium
Sold
Nov 28, 2022 In contract -
In contract
Nov 7, 2022 Price Decreased $569,900
↓ $20K (3.4%)
Price Decreased
Oct 21, 2022 Price Decreased $589,900
↓ $10K (1.7%)
Price Decreased
Oct 3, 2022 Price Increased $599,900
↑ $30K (5.3%)
Price Increased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 854
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 158,558
  • Total Building Area: 2,460
  • Gross Building Area: 4,146
  • Building Area: 2,460
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,460
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 55
  • Land Acres: 0000003640
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Middlesex School District
  • Census Tract: 301101

Zoning

  • Zoning: RB2

Geography

  • District: 299
  • Parcel: TOWN M:0035 B:0034 L:0001
  • Block: 34
  • Lot: 1
  • Municipality: TOWNSEND
  • Latitude: 42.6758
  • Longitude: -71.6787

    Address

  • Full Address: 224 Wallace Hill Rd
  • Address - House Number: 224
  • Address - Street Name: Wallace Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Townsend
  • Carrier Code: R005
  • 4-Digit Zip Code: 1191
  • Zip Code: 01469

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $822,800

    Appraisal Valuation

  • Standard Deviation: 0.2285
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 68
  • Final Value: 621,393
  • High Value: 763,387
  • Low Value: 479,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $571,000
  • Assessed Land Value: $107,700
  • Assessed Improvements Value: $463,300

    Sales

  • Current Sale Contract Date: Dec 27, 2022
  • Current Sale Recording Date: Dec 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 187245
  • Previous Sale Recording Date: May 07, 2018
  • Previous Sale Amount: $415,000
  • 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 Middlesex

Stats & Trends

Median Asking:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2699 ft²

Average Home Age

64.7 years

Currently For Sale

3156 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: 4 months ago
Data Source: MLS PIN, MLS# 73040590

Frequently Asked Questions

When was property at 224 Wallace Hill Road built and last sold?
The property at 224 Wallace Hill Road was built in 2003 and last sold on Dec 27, 2022 for $580,000.
How much is this home worth?
The estimated value of the home located at 224 Wallace Hill Road is $594,021.
What are some comparable homes to 224 Wallace Hill Road?
There are currently no comparable homes to 224 Wallace Hill Road.
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