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Wilmington 01887
5 Colonial Drive
Photo of 5 Colonial Drive
Sold on Jul 31, 2006

1

Map

$503,500
● House - Off Market

5 Colonial Drive

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,924 Ft²
$965,976
RealtyHop Estimate
80.59%
Since Aug 1, 2006
MA-Boston
Primary Model

About This Property

MOTIVATED SELLER! Great Colonial on cul-de-sac. Oak country kitchen with 2 ceiling fans and a walk out bay. Lovely enclosed screen porch with skylights for your summer enjoyment. Fireplace dining room with hardwood floors. Hardwood floors in 2 out of 3 bedrooms. Walk up attic.  2 car garage with automatic openers.  Ceramic tile foyer. Alarm & sprinker systems.  Immaculate & move-in condition. Within walking distance to Wilmington center, high school, and library.
Unit Size
1,924 Ft²
Days on Market
-
Land Size
1.27 acres
Price per sqft
$278
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1996

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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 #70358922)

Price History

Date / Event Date Event Price
Jul 31, 2006 Sold
Premium
Sold
Mar 31, 2006 Listed $534,900
Listed
Aug 30, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • 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: 18
  • 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: 336
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 55,321
  • Total Building Area: 1,924
  • Gross Building Area: 3,156
  • Building Area: 1,924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,924
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL DRIVE
  • Land Acres: 0000001270
  • 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:0005D
  • Municipality: WILMINGTON
  • Latitude: 42.5618
  • Longitude: -71.1618

    Address

  • Full Address: 5 Colonial Dr
  • Address - House Number: 5
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wilmington
  • Carrier Code: R005
  • 4-Digit Zip Code: 2571
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $874,800

    Appraisal Valuation

  • Standard Deviation: 0.1544
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 884,874
  • High Value: 1,021,564
  • Low Value: 748,185

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $732,700
  • Assessed Land Value: $320,800
  • Assessed Improvements Value: $411,900

    Sales

  • Current Sale Recording Date: Jul 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00042653
  • Previous Sale Recording Date: Aug 30, 1996
  • Previous Sale Amount: $249,000
  • 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:

$699,900

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2073 ft²

Average Home Age

41.1 years

Currently For Sale

37 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70358922

Frequently Asked Questions

When was property at 5 Colonial Drive built and last sold?
The property at 5 Colonial Drive was built in 1996 and last sold on Jan 1, 1970 for $503,500.
How much is this home worth?
The estimated value of the home located at 5 Colonial Drive is $551,551.
What are some comparable homes to 5 Colonial Drive?
There are currently no comparable homes to 5 Colonial Drive.
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