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Wilmington 01887
8 Central St
$759,900
● House - Off Market

8 Central St

Wilmington, MA 01887
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,463 Ft²
$754,410
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

This beautiful 4-bedroom 2-bath home boasts a well thought out addition that includes a primary bedroom suite, farmer's porch, single car garage and a stunningly remodeled kitchen with an open butler's pantry.  Entertaining family and friends is made easy with this open concept kitchen-dining and living room area.  Spend warm summer days relaxing or playing in the large professionally manicured fenced yard and grill out on the enormous back deck.  Located in the heart of Wilmington and nestled within the town's historic district, the home is walking distance to the Commuter Train Station, Wilmington HS, Farmers Market, and a short drive to Silver Lake Beach. Also enjoy the Town's 4th of July activities, Food, Fun, Music, Carnival, Fireworks and more.  All walking distance from this picturesque home.
Unit Size
2,463 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$309
Property Type
House
Property Taxes
$619
HOA Dues
-
Year Built
1931

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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: 6 months ago (MLSPIN #73117863)

Price History

Date / Event Date Event Price
Aug 24, 2023 Sold
Premium
Sold
Jul 2, 2023 In contract -
In contract
Jun 7, 2023 Listed by William Raveis R.E. & Home Services $759,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 682
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Total Building Area: 2,608
  • Gross Building Area: 4,779
  • Building Area: 2,608
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,608
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANCES B HILLER
  • Land Acres: 0000000450
  • 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:0052 L:0000 P:0004
  • Municipality: WILMINGTON
  • Latitude: 42.5524
  • Longitude: -71.1699

    Address

  • Full Address: 8 Central St
  • Address - House Number: 8
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C004
  • 4-Digit Zip Code: 2709
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $802,800

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 847,736
  • High Value: 996,038
  • Low Value: 699,433

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $672,400
  • Assessed Land Value: $252,500
  • Assessed Improvements Value: $419,900

    Sales

  • Current Sale Contract Date: Aug 24, 2023
  • Current Sale Recording Date: Aug 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 24838
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

$427

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1906 ft²

Average Home Age

48.7 years

Currently For Sale

36 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

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73117863

Frequently Asked Questions

When was property at 8 Central Street built and last sold?
The property at 8 Central Street was built in 1931 and last sold on Aug 24, 2023 for $759,900.
How much is this home worth?
The estimated value of the home located at 8 Central Street is $780,103.
What are some comparable homes to 8 Central Street?
There are currently no comparable homes to 8 Central Street.
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