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Wilmington 01887
8 Kelley Rd
$450,000
● House - Off Market

8 Kelley Rd

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,505 Ft²
$689,045
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Wonderful opportunity to purchase this lovingly maintained home ideally nestled on a cul-de-sac yet close to rte 62, Wilmington High School,  the commuter rail and all Wilmington amenities. This bright and spacious 3 bedroom 1.5 bath expanded ranch offers recently refinished hardwood, beautiful built-ins, large rooms, fresh interior paint, newer central air and heating system, newer roof, stove, replacement windows, partially finished lower level (w/lots of room to expand), a beautiful, level corner lot with flower beds and so much more.
Unit Size
1,505 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$292
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1954

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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 #72163771)

Price History

Date / Event Date Event Price
Jun 23, 2017 Sold
Premium
Sold
May 12, 2017 Listed by Paul Conti Real Estate $439,900
Listed by Paul Conti Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,505
  • Gross Building Area: 2,745
  • Building Area: 1,505
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,505
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:0051 L:0000 P:0088
  • Municipality: WILMINGTON
  • Latitude: 42.5521
  • Longitude: -71.1621

    Address

  • Full Address: 8 Kelley Rd
  • Address - House Number: 8
  • Address - Street Name: Kelley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C003
  • 4-Digit Zip Code: 2447
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $646,800

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 662,069
  • High Value: 769,718
  • Low Value: 554,419

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $541,700
  • Assessed Land Value: $272,500
  • Assessed Improvements Value: $269,200

    Sales

  • Current Sale Recording Date: Jun 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26500
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

$431

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1986 ft²

Average Home Age

53.6 years

Currently For Sale

40 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# 72163771

Frequently Asked Questions

When was property at 8 Kelley Road built and last sold?
The property at 8 Kelley Road was built in 1954 and last sold on Jan 1, 1970 for $450,000.
How much is this home worth?
The estimated value of the home located at 8 Kelley Road is $456,216.
What are some comparable homes to 8 Kelley Road?
There are currently no comparable homes to 8 Kelley Road.
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