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Wilmington 01887
244 Middlesex Ave
$530,000
● House - Off Market

244 Middlesex Ave

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,106 Ft²
$560,198
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

Location,Location,Location!  Town village area is central to so many activities!  Close to library, town common and high school. This 3 bedroom ranch has so much potential.  Enjoy the open floorpan with the kitchen island overlooking dining area and fireplaces living room. Wood stove in living room and coal stove in garage.  Slider to tiered deck overlooking hideaway back yard.  Hardwood floor throughout first level. Mudroom with skylight to oversized 2 car garage with walk out to yard and extra storage.  Important updates have been done, including roof, windows, and heating system within last @6 years.  Brand new Title V septic system to be installed before closing.
Unit Size
1,106 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$452
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1962

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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: 5 years ago (MLSPIN #72914595)

Price History

Date / Event Date Event Price
Dec 8, 2021 Sold
Premium
Sold
Nov 2, 2021 Listed by Leading Edge Real Estate $499,900
Listed by Leading Edge Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,092
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 1,106
  • Gross Building Area: 3,507
  • Building Area: 1,106
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,106
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000520
  • 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: 331101

Geography

  • Parcel: WILM M:0065 L:0000 P:0005A
  • Municipality: WILMINGTON
  • Latitude: 42.5606
  • Longitude: -71.162

    Address

  • Full Address: 244 Middlesex Ave
  • Address - House Number: 244
  • Address - Street Name: Middlesex
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wilmington
  • Carrier Code: R005
  • 4-Digit Zip Code: 2120
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $578,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1668
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 590,808
  • High Value: 689,402
  • Low Value: 492,213

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $484,200
  • Assessed Land Value: $244,200
  • Assessed Improvements Value: $240,000

    Sales

  • Current Sale Contract Date: Dec 08, 2021
  • Current Sale Recording Date: Dec 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71142
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

48

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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72914595

Frequently Asked Questions

When was property at 244 Middlesex Avenue built and last sold?
The property at 244 Middlesex Avenue was built in 1962 and last sold on Dec 8, 2021 for $530,000.
How much is this home worth?
The estimated value of the home located at 244 Middlesex Avenue is $0.
What are some comparable homes to 244 Middlesex Avenue?
There are currently no comparable homes to 244 Middlesex Avenue.
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