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Wilmington 01887
9 Loumac Rd
$474,000
● House - Off Market

9 Loumac Rd

Wilmington, MA 01887
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,866 Ft²
$704,167
RealtyHop Estimate
50.56%
Since Apr 1, 2018
MA-Boston
Primary Model

About This Property

Wonderful neighborhood with privacy at the end of a cul-de-sac, yet just a few minutes to a shopping plaza and I93 for commuters...1 mile from the train to Boston; this open concept home offers 3 bedrooms, 2 bathrooms, and a 2 car garage, with a NEW SEPTIC SYSTEM in the process of installation; Treelined back yard for privacy, patio for barbecues, a storage shed and plenty of room for gardens. Newly painted exterior, newer heating system in full basement with lots of storage; New floors in the main living level; Hardwood in the bedrooms, tile baths. Family room or large office with parquet floors, wonderful sun room off the kitchen in the rear with an entire wall of windows overlooking the yard.  Open House Sunday Feb 11, 12-2 PM. Won't last!
Unit Size
1,866 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$251
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1958

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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 #72279969)

Price History

Date / Event Date Event Price
Mar 29, 2018 Sold
Premium
Sold
Feb 9, 2018 Listed by Lois Erickson Real Estate $467,700
Listed by Lois Erickson Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 1,330
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,346
  • Gross Building Area: 3,356
  • Building Area: 1,346
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,346
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • 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: 331101

Geography

  • Parcel: WILM M:0066 L:0000 P:0030
  • Municipality: WILMINGTON
  • Latitude: 42.5588
  • Longitude: -71.1671

    Address

  • Full Address: 9 Loumac Rd
  • Address - House Number: 9
  • Address - Street Name: Loumac
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wilmington
  • Carrier Code: C004
  • 4-Digit Zip Code: 2328
  • Zip Code: 01887

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $674,100

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 687,088
  • High Value: 810,590
  • Low Value: 563,586

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $564,600
  • Assessed Land Value: $278,000
  • Assessed Improvements Value: $286,600

    Sales

  • Current Sale Recording Date: Mar 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12363
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

$432

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2073 ft²

Average Home Age

41.1 years

Currently For Sale

37 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: 4 months ago
Data Source: MLS PIN, MLS# 72279969

Frequently Asked Questions

When was property at 9 Loumac Road built and last sold?
The property at 9 Loumac Road was built in 1958 and last sold on Jan 1, 1970 for $474,000.
How much is this home worth?
The estimated value of the home located at 9 Loumac Road is $489,367.
What are some comparable homes to 9 Loumac Road?
There are currently no comparable homes to 9 Loumac Road.
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