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Woburn 01801 Wynnmere
3 Colonial Road
$550,000
● House - Off Market

3 Colonial Road

Woburn, MA 01801
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,322 Ft²
$578,156
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Classic 1950 Cape is conveniently situated a short walk from the elementary school and bike path and has easy access to Rte. 128/95. Many improvements have been made; including, appliances, fixtures, painting, vanity, carpeting, flooring, basement water control system (w/ warranty) and completed with professionally installed concrete coated flooring throughout the entire basement to create an additional usable space for your needs.  The fireplace living room creates a cozy atmosphere that flows to the dining area and kitchen.  Two bedrooms complete the first floor; one bedroom has an inviting sliding door to deck access that can easily function as an office.  The upper floor affords 2 additional bedrooms.
Unit Size
1,322 Ft²
Days on Market
-
Land Size
-
Price per sqft
$430
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1950

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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 #72983639)

Price History

Date / Event Date Event Price
Jun 27, 2022 Sold
Premium
Sold
May 18, 2022 Listed by Morgan Ramsey Realty LLC $569,000
Listed by Morgan Ramsey Realty LLC
Dec 19, 2019 Sold
Premium
Sold
Oct 24, 2019 Listed by Morgan Ramsey Realty LLC $399,900
Listed by Morgan Ramsey Realty LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 4
  • 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: 6
  • Basement Area: 890
  • Garage Type: 0
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,861
  • Total Building Area: 1,322
  • Gross Building Area: 2,824
  • Building Area: 1,322
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,322
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Woburn School District
  • School Tax School District: WOBURN SD
  • Census Tract: 333501

Zoning

  • Zoning: R-1

Geography

  • Account Number: 196894954253 0
  • Parcel: WOBU M:34 B:03 L:19 U:00
  • Block: 3
  • Lot: 19
  • Municipality: WOBURN
  • Latitude: 42.4885
  • Longitude: -71.1677

    Address

  • Full Address: 3 Colonial Rd
  • Address - House Number: 3
  • Address - Street Name: Colonial
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Woburn
  • Carrier Code: C035
  • 4-Digit Zip Code: 2814
  • Zip Code: 01801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $440,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 628,877
  • High Value: 745,966
  • Low Value: 511,788

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $505,700
  • Assessed Land Value: $267,600
  • Assessed Improvements Value: $238,100

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96796
  • Previous Sale Recording Date: Dec 19, 2019
  • Previous Sale Contract Date: Dec 16, 2019
  • Previous Sale Amount: $400,000
  • 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 Wynnmere

Stats & Trends

Median Asking:

$844,900

Sale Price/ft²

$451

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2191 ft²

Average Home Age

50.8 years

Currently For Sale

6 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

Unit for rent at 2 Littles Brook Court, Burlington, MA, 01803

$3,380 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
2 Littles Brook Court #Dover, Burlington, MA, 01803 Listing by Equity Residential
Unit for rent at 20 Corporate Drive, Burlington, MA, 01803

$3,810 /mo

  • 3 Beds
  • 2 Baths
  • 1,308 ft²
20 Corporate Drive #C2DHS, Burlington, MA, 01803 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72983639

Frequently Asked Questions

When was property at 3 Colonial Road built and last sold?
The property at 3 Colonial Road was built in 1950 and last sold on Jun 27, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 3 Colonial Road is $565,819.
What are some comparable homes to 3 Colonial Road?
There are currently no comparable homes to 3 Colonial Road.
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