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Woburn 01801 Cummingsville
3 Independence Dr
$715,000
● House - Off Market

3 Independence Dr

Woburn, MA 01801
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,072 Ft²
$3,856
Est. Monthly

About This Property

Located in desirable Woburn, MA close to Route Rt 3 and Rt 128/95. Well maintained and updated 3 bedroom, 1 bath,  2-car garage, 2- fireplace's, large yard with fenced in in-ground pool, hardwood floors through out, finished basement, family room with cathedral ceiling overlooking back yard, and much more.  The kitchen is updated with granite counters and stainless steel appliances. Also located steps from shopping, schools, parks, highways and more.
Unit Size
2,072 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$333
Property Type
House
Property Taxes
$468
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: 4 months ago (MLSPIN #73187814)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Premium
Sold
Dec 19, 2023 In contract -
In contract
Dec 15, 2023 Listed by Merrimack Realty Group, Chelmsford $689,900
Listed by Merrimack Realty Group, Chelmsford

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • 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: 6
  • Basement Area: 572
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Total Building Area: 1,500
  • Gross Building Area: 2,876
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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: 333100

Zoning

  • Zoning: R-1

Geography

  • Account Number: 316853453590 0
  • Parcel: WOBU M:65 B:03 L:01 U:00
  • Block: 3
  • Lot: 1
  • Municipality: WOBURN
  • Latitude: 42.4703
  • Longitude: -71.1832

    Address

  • Full Address: 3 Independence Dr
  • Address - House Number: 3
  • Address - Street Name: Independence
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Woburn
  • Carrier Code: C027
  • 4-Digit Zip Code: 3847
  • Zip Code: 01801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $561,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0784
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 94
  • Final Value: 709,269
  • High Value: 764,941
  • Low Value: 653,598

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $644,800
  • Assessed Land Value: $334,900
  • Assessed Improvements Value: $309,900

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10476
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 Cummingsville

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$420

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1823 ft²

Average Home Age

78.3 years

Currently For Sale

11 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

$3,405 /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

$3,922 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
20 Corporate Drive #C2DC, 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# 73187814

Frequently Asked Questions

When was property at 3 Independence Drive built and last sold?
The property at 3 Independence Drive was built in 1962 and last sold on Jan 31, 2024 for $715,000.
How much is this home worth?
The estimated value of the home located at 3 Independence Drive is $712,833.
What are some comparable homes to 3 Independence Drive?
There are currently no comparable homes to 3 Independence Drive.
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