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Woburn 01801 Mishawum
7 Hope Ln
$505,000
● House - Off Market

7 Hope Ln

Woburn, MA 01801
bedrooms
3 Beds
bathrooms
2 Baths
square feet
920 Ft²
$572,748
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Location! Location! Location!  This home sits on a 19,000 sq ft lot conveniently nestled in a cul-de-sac and mins away from routes 128 and 93, the Woburn Village & Burlington Mall.  Close to grocery shops, restaurants, home improvement ctr, etc.  Come make this home yours with your own ideas.   First floor consists of 3 bdrms, living room w/fireplace, one bath & a kitchen with access  to a large family room in the basement with a half bath and newer oil tank.  Central AC throughout the home w/pull down stairs for attic storage.  The huge lot has so much potential featuring a small brook running along the back side.  Enjoy family gatherings in your own extra large yard space with a patio and brick oven including a storage shed.  This home won't last.   OPEN HOUSE SATURDAY 5/29 from 12:00-1:30 pm.
Unit Size
920 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$543
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1959

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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 years ago (MLSPIN #72837907)

Price History

Date / Event Date Event Price
Jul 7, 2021 Sold
Premium
Sold
May 26, 2021 Listed by Century 21 North East $499,900
Listed by Century 21 North East

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 920
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,000
  • Total Building Area: 920
  • Gross Building Area: 1,867
  • Building Area: 920
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 920
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000436
  • 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: 116952754794 0
  • Parcel: WOBU M:24 B:06 L:15 U:00
  • Block: 6
  • Lot: 15
  • Municipality: WOBURN
  • Latitude: 42.5032
  • Longitude: -71.1461

    Address

  • Full Address: 7 Hope Ln
  • Address - House Number: 7
  • 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: $458,100

    Appraisal Valuation

  • Standard Deviation: 0.1861
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 608,276
  • High Value: 721,529
  • Low Value: 495,023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $526,600
  • Assessed Land Value: $322,800
  • Assessed Improvements Value: $203,800

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Jul 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 153805
  • Previous Sale Recording Date: Nov 25, 2014
  • 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 Mishawum

Stats & Trends

Median Asking:

$789,900

Sale Price/ft²

$429

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2533 ft²

Average Home Age

57 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72837907

Frequently Asked Questions

When was property at 7 Hope Lane built and last sold?
The property at 7 Hope Lane was built in 1959 and last sold on Jul 7, 2021 for $505,000.
How much is this home worth?
The estimated value of the home located at 7 Hope Lane is $498,335.
What are some comparable homes to 7 Hope Lane?
There are currently no comparable homes to 7 Hope Lane.
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