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Burlington 01803 Wynnmere
7 Heritage Way
$590,000
● House - Off Market

7 Heritage Way

Burlington, MA 01803
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,759 Ft²
$843,365
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

Welcome to your new home!  This 3 bedroom 2 bathroom split entry has been lovingly cared for by the original owner for over 40 years.  This home is well maintained but needs some updating.  The entire first floor has been flawlessly painted.  It's light and bright and very homey.  The first floor features gorgeous hard wood floors and a beautiful sun room off the dining area.  It has a large fenced in yard that's perfect for summer BBQ's with family and friends.  Stop by the open house Saturday and Sunday from 11:30 - 1:30.  Property to be sold as is.
Unit Size
1,759 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$335
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1975

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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 #72469269)

Price History

Date / Event Date Event Price
May 9, 2019 Sold
Premium
Sold
Mar 22, 2019 Listed by RE/MAX Andrew Realty Services $590,000
Listed by RE/MAX Andrew Realty Services

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,032
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 20,103
  • Total Building Area: 1,759
  • Gross Building Area: 2,714
  • Building Area: 1,759
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,759
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000462
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Burlington School District
  • School Tax School District: BURLINGTON SD
  • Census Tract: 332201

Zoning

  • Zoning: RO

Geography

  • Parcel: BURL M:000049 P:085-43
  • Municipality: BURLINGTON
  • Latitude: 42.4852
  • Longitude: -71.1773

    Address

  • Full Address: 7 Heritage Way
  • Address - House Number: 7
  • Address - Street Name: Heritage
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Burlington
  • Carrier Code: C016
  • 4-Digit Zip Code: 4708
  • Zip Code: 01803

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $593,200

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 790,718
  • High Value: 928,593
  • Low Value: 652,844

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $663,500
  • Assessed Land Value: $399,100
  • Assessed Improvements Value: $264,400

    Sales

  • Current Sale Contract Date: May 02, 2019
  • Current Sale Recording Date: May 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1812916
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 Wynnmere

Stats & Trends

Median Asking:

$844,900

Sale Price/ft²

$451

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2191 ft²

Average Home Age

50.8 years

Currently For Sale

6 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 20 Corporate Drive, Burlington, MA, 01803

$3,668 /mo

  • 2 Beds
  • 2 Baths
  • 1,332 ft²
20 Corporate Drive #B2DC, Burlington, MA, 01803 Listing by Equity Residential
Unit for rent at 2 Littles Brook Court, Burlington, MA, 01803

$3,280 /mo

  • 2 Beds
  • 2 Baths
  • 1,199 ft²
2 Littles Brook Court #Essex, 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# 72469269

Frequently Asked Questions

When was property at 7 Heritage Way built and last sold?
The property at 7 Heritage Way was built in 1975 and last sold on May 2, 2019 for $590,000.
How much is this home worth?
The estimated value of the home located at 7 Heritage Way is $604,658.
What are some comparable homes to 7 Heritage Way?
There are currently no comparable homes to 7 Heritage Way.
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