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Wilmington 01887
7 Fairfield Rd
Photo of 7 Fairfield Rd
Sold on Jul 14, 2006

1

Map

$324,000
● House - Off Market

7 Fairfield Rd

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,548 Ft²
$604,796
RealtyHop Estimate
80.59%
Since Aug 1, 2006
MA-Boston
Primary Model

About This Property

THIS L SHAPE RANCH OFFERS A LARGE COUNTRY KITCHEN,LIVING ROOM WITH HARDWOOD FLOORS,THREE AMPLE BEDROOMS,ENTERTAINMENT SIZED STEP DOWN FAMILYROOM,DEN WITH VAULTED CEILING AND SKYLIGHT ALL ON A NICE LEVEL LOT ON QUIET STREET HANDY TO ROUTE 38.GREAT FOR FIRST TIME HOMEBUYERS OR DOWNSIZERS!BUYERS TO RECEIVE AT CLOSING A ONE YEAR HOMETRUST WARRANTY.
Unit Size
1,548 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$216
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1940

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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 #70314496)

Price History

Date / Event Date Event Price
Jul 14, 2006 Sold
Premium
Sold
Jan 12, 2006 Listed $334,900
Listed
Jul 2, 2002 Sold
Premium
Sold
Mar 25, 2002 Listed $249,900
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 1,152
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,548
  • Gross Building Area: 2,788
  • Building Area: 1,548
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,548
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 331200

Geography

  • Parcel: WILM M:0055 L:0000 P:0145
  • Municipality: WILMINGTON
  • Latitude: 42.5695
  • Longitude: -71.1861

    Address

  • Full Address: 7 Fairfield Rd
  • Address - House Number: 7
  • Address - Street Name: Fairfield
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C005
  • 4-Digit Zip Code: 1707
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $538,900

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 611,308
  • High Value: 724,490
  • Low Value: 498,127

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $451,300
  • Assessed Land Value: $247,700
  • Assessed Improvements Value: $203,600

    Sales

  • Current Sale Recording Date: Jul 02, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
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

$428

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1942 ft²

Average Home Age

51.6 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70314496

Frequently Asked Questions

When was property at 7 Fairfield Road built and last sold?
The property at 7 Fairfield Road was built in 1940 and last sold on Jan 1, 1970 for $245,300.
How much is this home worth?
The estimated value of the home located at 7 Fairfield Road is $356,750.
What are some comparable homes to 7 Fairfield Road?
There are currently no comparable homes to 7 Fairfield Road.
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