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Wilmington 01887
7 Ring Avenue
$445,000
● House - Off Market

7 Ring Avenue

Wilmington, MA 01887
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,686 Ft²
$916,169
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

**Open House Sun. 6/17, 12-2** The home and location you've been waiting for! Original owners have taken pride in maintaining and upgrading this classic split entry.  Open concept kitchen, dining rm,and fireplaced living rm welcome a crowd!  A 20x12 glass sunroom, three good-sized BRs and a gorgeous new  bath w/jacuzzi tub complete the main level.. Lower level has huge fam rm w/fp, bedrm and bath. The 2nd story of a 22X20 garage could be finished as office,or mster BR.  .Heated I-G pool!
Unit Size
2,686 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$168
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1973

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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 #71384755)

Price History

Date / Event Date Event Price
Aug 13, 2012 Sold
Premium
Sold
May 18, 2012 Listed by Wilson Wolfe Real Estate $450,000
Listed by Wilson Wolfe Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 7
  • Basement Area: 1,150
  • 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: 1,636
  • Gross Building Area: 3,862
  • Building Area: 1,636
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,636
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORUM MDWS
  • 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: 331200

Geography

  • Parcel: WILM M:0082 L:0037 P:0137
  • Lot: 37
  • Municipality: WILMINGTON
  • Latitude: 42.5745
  • Longitude: -71.1722

    Address

  • Full Address: 7 Ring Ave
  • Address - House Number: 7
  • Address - Street Name: Ring
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wilmington
  • Carrier Code: R004
  • 4-Digit Zip Code: 4002
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $852,800

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 797,651
  • High Value: 937,191
  • Low Value: 658,111

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $714,200
  • Assessed Land Value: $282,600
  • Assessed Improvements Value: $431,600

    Sales

  • Current Sale Recording Date: Aug 13, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000004
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

1939 ft²

Average Home Age

41.5 years

Currently For Sale

39 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# 71384755

Frequently Asked Questions

When was property at 7 Ring Avenue built and last sold?
The property at 7 Ring Avenue was built in 1973 and last sold on Jan 1, 1970 for $445,000.
How much is this home worth?
The estimated value of the home located at 7 Ring Avenue is $487,248.
What are some comparable homes to 7 Ring Avenue?
There are currently no comparable homes to 7 Ring Avenue.
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