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Woburn 01801 Mishawum
6 Hope Ln
$730,000
● House - Off Market

6 Hope Ln

Woburn, MA 01801
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,728 Ft²
$4,251
Est. Monthly

About This Property

Classic colonial near all amenities! This home has been owned by the same family for over 40 years and is now ready for new owners. The original ranch home was built in 1955 with an expansive addition in 1978. Excellent layout with fireplaced living room, den with built-ins, dining room, eat-in kitchen and full bath. There are 4 bedrooms on the second floor, including a large master and another full bath. The basement level has storage and laundry on one side and a fun, finished space on the other side that has hosted many family parties. This coveted property has an in-ground pool, deck and large fenced yard. House will need some cosmetic updating but the dead-end street, fantastic backyard and highly functional floorplan make this a very desirable home!
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$445
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1978

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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: 5 months ago (MLSPIN #73168498)

Price History

Date / Event Date Event Price
Jan 29, 2024 Sold
Premium
Sold
Dec 6, 2023 In contract -
In contract
Nov 21, 2023 Price Decreased $769,000
↓ $30K (3.8%)
Price Decreased
Nov 9, 2023 Price Decreased $799,000
↓ $16K (2%)
Price Decreased
Oct 24, 2023 Price Increased $815,000
↑ $46K (6%)
Price Increased
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • 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: 6
  • Basement Area: 920
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,401
  • Total Building Area: 1,728
  • Gross Building Area: 3,044
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000468
  • 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: 333602

Zoning

  • Zoning: R-1

Geography

  • Account Number: 116955154785 0
  • Parcel: WOBU M:24 B:06 L:11 U:00
  • Block: 6
  • Lot: 11
  • Municipality: WOBURN
  • Latitude: 42.5031
  • Longitude: -71.1454

    Address

  • Full Address: 6 Hope Ln
  • Address - House Number: 6
  • Address - Street Name: Hope
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Woburn
  • Carrier Code: C022
  • 4-Digit Zip Code: 2415
  • Zip Code: 01801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $569,200

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 766,048
  • High Value: 825,333
  • Low Value: 706,762

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $654,200
  • Assessed Land Value: $323,600
  • Assessed Improvements Value: $330,600

    Sales

  • Current Sale Contract Date: Jan 29, 2024
  • Current Sale Recording Date: Jan 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9260
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 Mishawum

Stats & Trends

Median Asking:

$782,450

Sale Price/ft²

$429

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2599 ft²

Average Home Age

63.8 years

Currently For Sale

5 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: 5 months ago
Data Source: MLS PIN, MLS# 73168498

Frequently Asked Questions

When was property at 6 Hope Lane built and last sold?
The property at 6 Hope Lane was built in 1978 and last sold on Jan 29, 2024 for $730,000.
How much is this home worth?
The estimated value of the home located at 6 Hope Lane is $769,615.
What are some comparable homes to 6 Hope Lane?
There are currently no comparable homes to 6 Hope Lane.
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