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Wilmington 01887
43 Grace Drive
$360,000
● House - Off Market

43 Grace Drive

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,372 Ft²
$600,067
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

BEST BUY IN WILMINGTON! This 3 bedroom Colonial is set on a .52 acre lot on a cul-de-sac. The first floor has a foyer with 2 closets, living room with picture window and fireplace, dining room, eat in kitchen, 3 season room, and a half bath. The second floor has 3 good sized bedrooms (all have hardwood floors and walk in closets) and a full bath. Outside there is a two car detached garage, plenty of off-street parking, and a wooded, level yard. The lower level is unfinished. Great location ~ close to schools, shopping, park, commuter rail, and highway access. Lots of potential here! Don't miss your chance to own in Wilmington at an affordable price.
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$255
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
1965

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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 months ago (MLSPIN #71942534)

Price History

Date / Event Date Event Price
Mar 2, 2016 Sold
Premium
Sold
Dec 20, 2015 Listed by Century 21 Commonwealth $349,900
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 952
  • 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: 1,932
  • Gross Building Area: 3,081
  • Building Area: 1,932
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,932
  • Heating Fuel Type: 3

    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: 331300

Geography

  • Parcel: WILM M:0036 L:0000 P:0165
  • Municipality: WILMINGTON
  • Latitude: 42.569
  • Longitude: -71.2129

    Address

  • Full Address: 43 Grace Dr
  • Address - House Number: 43
  • Address - Street Name: Grace
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C006
  • 4-Digit Zip Code: 1618
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $768,900

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 724,801
  • High Value: 858,996
  • Low Value: 590,607

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $644,000
  • Assessed Land Value: $268,500
  • Assessed Improvements Value: $375,500

    Sales

  • Current Sale Recording Date: Mar 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8889
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:

$699,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1958 ft²

Average Home Age

46.6 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: 5 months ago
Data Source: MLS PIN, MLS# 71942534

Frequently Asked Questions

When was property at 43 Grace Drive built and last sold?
The property at 43 Grace Drive was built in 1965 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 43 Grace Drive is $365,790.
What are some comparable homes to 43 Grace Drive?
There are currently no comparable homes to 43 Grace Drive.
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