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Woburn 01801 Downtown Woburn
5 Park Drive
$245,000
● House - Off Market

5 Park Drive

Woburn, MA 01801
bedrooms
3 Beds
bathrooms
1 Bath
square feet
988 Ft²
$568,898
RealtyHop Estimate
118.89%
Since Feb 1, 2012
MA-Boston
Primary Model

About This Property

Beautiful  ranch located in desirable Central Square area with gleaming hardwood floors, updated heating system and windows , freshly painted interior with a spacious level backyard for your outdoor entertaining and seller will pay $3000 towards buyers closing costs
Unit Size
988 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$263
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1954

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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 #71279441)

Price History

Date / Event Date Event Price
Aug 22, 2019 Sold
Premium
Sold
Jan 18, 2012 Sold
Premium
Sold
Aug 25, 2011 Listed by Prudential Preferred Realty $259,900
Listed by Prudential Preferred Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 7
  • Basement Area: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Total Building Area: 988
  • Gross Building Area: 1,988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 988
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • 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: 146910654340 0
  • Parcel: WOBU M:35 B:07 L:40 U:00
  • Block: 7
  • Lot: 40
  • Municipality: WOBURN
  • Latitude: 42.4909
  • Longitude: -71.1618

    Address

  • Full Address: 5 Park Dr
  • Address - House Number: 5
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Woburn
  • Carrier Code: C035
  • 4-Digit Zip Code: 2217
  • Zip Code: 01801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $431,900

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 627,345
  • High Value: 740,723
  • Low Value: 513,966

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $496,400
  • Assessed Land Value: $297,100
  • Assessed Improvements Value: $199,300

    Sales

  • Current Sale Contract Date: Aug 22, 2019
  • Current Sale Recording Date: Aug 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1821552
  • Previous Sale Recording Date: Jan 18, 2012
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 35
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 Downtown Woburn

Stats & Trends

Median Asking:

$726,950

Sale Price/ft²

$433

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1761 ft²

Average Home Age

78.1 years

Currently For Sale

27 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

$2,915 /mo

  • 1 Bed
  • 1 Bath
  • 830 ft²
2 Littles Brook Court #Bedford, 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# 71279441

Frequently Asked Questions

When was property at 5 Park Drive built and last sold?
The property at 5 Park Drive was built in 1954 and last sold on Aug 22, 2019 for $485,000.
How much is this home worth?
The estimated value of the home located at 5 Park Drive is $269,526.
What are some comparable homes to 5 Park Drive?
There are currently no comparable homes to 5 Park Drive.
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