270 Wood St New Bedford, MA 02745

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3 beds · 1 bath · 1,458 sq ft · Lot Size: 3,920 sq ft · Single Family Home · North End
Est. Property Value: $391,711

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270 Wood St is in the North End neighborhood of New Bedford, MA. It is located in Bristol County and ZIP code 02745. This Single Family Home was built in 1911 and is approximately 114 years old. The single family home spans 1458 sq ft with 3 bedrooms and 1 bathroom and sits on a 3920 sq ft lot. According to public records, it was last sold in 1989 and has a tax-assessed value of $389,785, which is $269 per sq ft. The North End area of New Bedford has 3 residential homes with an average size of 1306 sq ft. Analyze and compare real estate investment strategies for properties like this home at 270 Wood St New Bedford, MA 02745 with Property Intel by Whitepages.

270 Wood St

New Bedford, MA 02745

Owner Info

Owners & Occupancy for 270 Wood St

This property is owned by Jorge F Correia. Owner contact information includes 5 phone numbers and 3 email addresses.

Property Owners

Residence***************
Landline(508) 995-1682
Distance from Property**********
Email Address*****@correiasautobody.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 65
Resident 2******************* age 61

Property Financials for 270 Wood St

270 Wood St, New Bedford, MA has a mortgage (orig. July 15, 2021). The Bristol county assessment for 2024 values it at $389,785, with annual taxes of $3,986.

Mortgage & Equity Information

Loan Amount$*****
Origination DateJuly 15, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*************
Equity View Equity

Property Tax

Purchase DateDecember 31, 1989
Property Tax Amount$3,986 in 2024
Assessed Value$389,785 on 2024

Investment Potential for 270 Wood St

The property has a current estimated value of $391,711, which is 6% below the neighborhood median, based on public records. It last sold on December 31, 1989. Projected long-term
is $45,000 annually ($3,750 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$45,000 per year($3,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 02745 zip code
 
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Property Details for 270 Wood St

Property Details

Property Sq Ft

Living Area

1,458 sq ft

12% above market

Lot Size

3,920 sq ft

47% below market

Price Per Sq Ft

Living Area

$269 / sq ft

12% below market

Lot Size Area

$100 / sq ft

85% above market

Property condition, age, exterior, etc. for 270 Wood S…
Longitude: -70.92606 Latitude: 41.678203 Parcel Number (APN): NEWB-000117-000000-000105…

Recommended Properties in North End

Discover more single family homes near 270 Wood St in New Bedford, Massachusetts. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 270 Wood St in Bristol County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$391,711
$553,061
-$161,350 (-29%)
$770,357
-$259,732 (-34%)
YoY Price Change
Year Built
1911
1962
-51 years
Living Space
1,458 sq ft
1,570 sq ft
-112 (-7%)
$ Per Living Sq Ft
$269
$347
-$78 (-23%)
Lot Size
3,920 sq ft
15,246 sq ft
-11326 (-74%)
$ Per Lot Sq Ft
$100
$34
$66 (191%)

Net Operating Income
$28,945
$3,182 (11%)
Annual Revenue
$45,000
$44,400
$600 (1%)
$15,932
-$3,059 (-19%)
Net Operating Income
$28,945
$3,182 (11%)
Cap Rate
5.27%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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