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Wilmington 01887
24 Towpath Drive
$556,000
● House - Off Market

24 Towpath Drive

Wilmington, MA 01887
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,052 Ft²
$889,827
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

One of Wilmington's most desirable neighborhoods..."Chestnut Estates". This spacious colonial offers an open concept kitchen/dining area that is located in the center of this home and opens to the dining room and family room, making it perfect for everyday living and entertaining.  The family room has a brick fireplace and leads to the deck and level yard.  The dining and living room have hardwood floors.  There is a half bath and laundry on the main level.  The second level offers four good size  bedrooms, two full baths and access to the walk up attic.  Two car walk out garage on the lower level. Newly paved driveway. Town water and sewer. Great neighborhood, Close to shopping, commuter rail, and major routes.
Unit Size
2,052 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$277
Property Type
House
Property Taxes
$642
HOA Dues
-
Year Built
1991

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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 #72233551)

Price History

Date / Event Date Event Price
Jul 6, 2021 Sold
Premium
Sold
Jun 2, 2021 Listed by RE/MAX Encore $769,000
Listed by RE/MAX Encore
Nov 27, 2017 Sold
Premium
Sold
Sep 25, 2017 Listed by RE/MAX Encore $569,000
Listed by RE/MAX Encore
Sep 3, 1991 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • 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: 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: 416
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 2,318
  • Gross Building Area: 4,230
  • Building Area: 2,318
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,318
  • Heating Fuel Type: 6

    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: Wilmington School District
  • School Tax School District: WILMINGTON SD
  • Census Tract: 331300

Geography

  • Parcel: WILM M:0028 L:0000 P:0022
  • Municipality: WILMINGTON
  • Latitude: 42.5388
  • Longitude: -71.1731

    Address

  • Full Address: 24 Towpath Dr
  • Address - House Number: 24
  • Address - Street Name: Towpath
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wilmington
  • Carrier Code: R006
  • 4-Digit Zip Code: 3918
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $935,600

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 966,750
  • High Value: 1,136,314
  • Low Value: 797,186

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $783,600
  • Assessed Land Value: $295,900
  • Assessed Improvements Value: $487,700

    Sales

  • Current Sale Contract Date: Jul 06, 2021
  • Current Sale Recording Date: Jul 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39876
  • Previous Sale Recording Date: Nov 27, 2017
  • Previous Sale Amount: $556,000
  • 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

$432

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2073 ft²

Average Home Age

41.1 years

Currently For Sale

37 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# 72233551

Frequently Asked Questions

When was property at 24 Towpath Drive built and last sold?
The property at 24 Towpath Drive was built in 1991 and last sold on Jul 6, 2021 for $860,000.
How much is this home worth?
The estimated value of the home located at 24 Towpath Drive is $773,836.
What are some comparable homes to 24 Towpath Drive?
There are currently no comparable homes to 24 Towpath Drive.
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