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Wilmington 01887
7 Hanson Road
$213,500
● House - Off Market

7 Hanson Road

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$867,742
RealtyHop Estimate
306.44%
Since Nov 1, 1997
MA-Boston
Primary Model

About This Property

CHARMING 7 RM,3BR CLASSIC CAPE IN PRISTINE COND.  WONDERFUL 1ST FLR FAM RM OVERLOOKING LEVEL 1/2 ACRE LOT, HW FLRS,1.5 BATHS,FRONT TO BACK LR, FORMAL DR, LL PLAYROOM.  WELL LOCATED ON CUL-DE-SAC.  A MUST SEE!
Unit Size
-
Days on Market
-
Land Size
0.51 acres
Price per sqft
-
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1965

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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 years ago (MLSPIN #30179538)

Price History

Date / Event Date Event Price
Oct 31, 1997 Sold
Premium
Sold
Aug 13, 1997 Listed by Spartan Realty $213,500
Listed by Spartan Realty
Jun 25, 1990 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 7
  • Basement Area: 1,040
  • 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: 2,900
  • Gross Building Area: 5,630
  • Building Area: 2,900
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,900
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 331102

Geography

  • Parcel: WILM M:0057 L:0000 P:0047N
  • Municipality: WILMINGTON
  • Latitude: 42.5357
  • Longitude: -71.1465

    Address

  • Full Address: 7 Hanson Rd
  • Address - House Number: 7
  • Address - Street Name: Hanson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C008
  • 4-Digit Zip Code: 3405
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $911,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.152
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 866,248
  • High Value: 998,002
  • Low Value: 734,495

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $763,000
  • Assessed Land Value: $282,600
  • Assessed Improvements Value: $480,400

    Sales

  • Current Sale Recording Date: Oct 31, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 25, 1990
  • Previous Sale Amount: $178,000
  • 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:

$699,000

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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30179538

Frequently Asked Questions

When was property at 7 Hanson Road built and last sold?
The property at 7 Hanson Road was built in 1965 and last sold on Jan 1, 1970 for $213,500.
How much is this home worth?
The estimated value of the home located at 7 Hanson Road is $215,635.
What are some comparable homes to 7 Hanson Road?
There are currently no comparable homes to 7 Hanson Road.
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