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Wilmington 01887
248 Middlesex Ave
$625,000
● House - Off Market

248 Middlesex Ave

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,446 Ft²
$3,677
Est. Monthly

About This Property

This is a wonderful ranch-style home in a convenient Wilmington location with access to 4 direct exits on/off Route 93, MBTA commuter rail service to Boston, shopping, restaurants, and more. A Commuters dream! Bring your decorating ideas for the cosmetic touches. Well maintained family home, one owner. Brand new certified Septic System, new roof, newer boiler, replacement windows, hardwood under the wall-to-wall carpet, finished basement with walk-out, one car garage under. SELLER CONCESSION TO THE BUYER OF $5000! Motivated Seller!
Unit Size
1,446 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$449
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
1963

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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 #73297806)

Price History

Date / Event Date Event Price
Jan 25, 2025 Sold
Premium
Sold
Nov 27, 2024 In contract -
In contract
Oct 24, 2024 Price Decreased $649,000
↓ $20K (3%)
Price Decreased
Oct 16, 2024 Price Increased $669,000
↑ $20K (3.1%)
Price Increased
Oct 2, 2024 Listed by Get Listed Realty, LLC $649,000
Listed by Get Listed Realty, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 718
  • 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: 1,030
  • Gross Building Area: 2,124
  • Building Area: 1,030
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,030
  • 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:0005C
  • Municipality: WILMINGTON
  • Latitude: 42.5612
  • Longitude: -71.1612

    Address

  • Full Address: 248 Middlesex Ave
  • Address - House Number: 248
  • 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: $590,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 599,518
  • High Value: 696,997
  • Low Value: 502,039

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $494,800
  • Assessed Land Value: $244,100
  • Assessed Improvements Value: $250,700
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

$426

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1825 ft²

Average Home Age

47.6 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73297806

Frequently Asked Questions

When was property at 248 Middlesex Avenue built and last sold?
The property at 248 Middlesex Avenue was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 248 Middlesex Avenue is $655,247.
What are some comparable homes to 248 Middlesex Avenue?
There are currently no comparable homes to 248 Middlesex Avenue.
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