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Wilmington 01887
47 Towpath Drive
$1,270,000
● House - Off Market

47 Towpath Drive

Wilmington, MA 01887
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,030 Ft²
$1,205,933
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

A must see to appreciate this 5BR, 3 1/2 bath Garrison Colonial on cul-de-sac in very desirable neighborhood.  Many upgraded features that you won't want to miss.  Spacious wood burning fireplaced livingroom, formal dining room, upgraded kitchen with large eat in area, gas fireplaced sun room overlooking the summer oasis.  Master BR with walk through closet to private bathroom,  Walk up third floor for 2 of the BR's or a master suite.  Two laundry rooms, one on 1st floor, one on 3rd floor. Playroom and/or family room on the lower level with bar and a sink area.  Mostly hardwood and tile floors.  4 zone heat, 2 central air units.  Built in pool with gazebo.  Two car garage for not only parking but additional storage area. Town water and sewer.  Minutes to the center of town and major highways.
Unit Size
3,030 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$393
Property Type
House
Property Taxes
$850
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72964060)

Price History

Date / Event Date Event Price
May 16, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Donna Jean Wayman, Broker $1,190,000
Listed by Donna Jean Wayman, Broker
Nov 3, 1999 Sold
Premium
Sold
Aug 1, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 988
  • 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: 3,030
  • Gross Building Area: 5,076
  • Building Area: 3,030
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,030
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEDELL ESTATES
  • 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:0029 L:0000 P:0046
  • Municipality: WILMINGTON
  • Latitude: 42.5399
  • Longitude: -71.1769

    Address

  • Full Address: 47 Towpath Dr
  • Address - House Number: 47
  • Address - Street Name: Towpath
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wilmington
  • Carrier Code: R006
  • 4-Digit Zip Code: 3917
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,076,500

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,216,182
  • High Value: 1,430,567
  • Low Value: 1,001,797

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $901,600
  • Assessed Land Value: $301,100
  • Assessed Improvements Value: $600,500

    Sales

  • Current Sale Contract Date: May 16, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20810
  • Previous Sale Recording Date: Nov 03, 1999
  • Previous Sale Amount: $412,800
  • Previous Sale Document Type: 27
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

$432

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1999 ft²

Average Home Age

41.8 years

Currently For Sale

42 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72964060

Frequently Asked Questions

When was property at 47 Towpath Drive built and last sold?
The property at 47 Towpath Drive was built in 1988 and last sold on May 16, 2022 for $1,270,000.
How much is this home worth?
The estimated value of the home located at 47 Towpath Drive is $1,209,394.
What are some comparable homes to 47 Towpath Drive?
There are currently no comparable homes to 47 Towpath Drive.
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