$349,000
●
Commercial -
Off Market
1 Elm Square #2E
Andover, MA 01810
Studio
0 Bath
$346,478
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model
About This Property
Office condominium in heart of downtown Andover overlooking Elm
Square with a wall of windows. The unit consists of three private
offices, work room and bull-pen reception. Elm Square is a
professionally managed and maintained office building and ideal for
a number of professional office uses. Condo fee is $421/month.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$660
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
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Operating Profit Per Year
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 years ago (MLSPIN #73101263)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2023 | No longer available | - | |
| No longer available | |||
| Aug 7, 2023 | Listed by Minco Commercial | $349,000 | |
| Listed by Minco Commercial | |||
| | |||
|
Office condominium in heart of downtown Andover overlooking Elm Square with a wall of windows. The unit consists of three private offices, work room and bull-pen reception. Elm Square is a professionally managed and maintained office building and ideal for a number of professional office uses. Condo fee is $421/month.
| |||
| Aug 1, 2023 | No longer available | - | |
| No longer available | |||
| Apr 20, 2023 | Listed by Minco Commercial | $349,000 | |
| Listed by Minco Commercial | |||
Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Size Units: Acres
Zoning: GB
Parcel Number: 1837553
Financial Details
Tax Annual Amount: $7,914
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/04/2025
|
Loft
|
-
|
1472 ft²
|
$325,000
Loft
-
1472 ft²
|
$273,542
-15.83%
03/27/2026
|
Team Lillian Montalto
Lillian Montalto Signature Properties
| |
|
04/11/2024
|
Loft
|
-
|
1695 ft²
|
$550,000
Loft
-
1695 ft²
|
$528,000
-4.00%
09/25/2024
|
Team Lillian Montalto
Lillian Montalto Signature Properties
| |
|
04/11/2024
|
Loft
|
1 Bath
|
992 ft²
|
$350,000
Loft
1 Bath
992 ft²
|
$315,000
-10.00%
11/20/2024
|
Team Lillian Montalto
Lillian Montalto Signature Properties
| |
|
04/11/2024
|
Loft
|
1 Bath
|
1472 ft²
|
$300,000
Loft
1 Bath
1472 ft²
|
-
-
|
Team Lillian Montalto
Lillian Montalto Signature Properties
| |
|
04/20/2023
|
Loft
|
-
|
-
|
$349,000
Loft
-
|
-
-
|
Laurence Marocco
Minco Commercial
| |
|
09/08/2021
|
Loft
|
-
|
-
|
$349,900
Loft
-
|
$315,000
-9.97%
12/21/2021
|
Land and Sea Real Estate
Land and Sea Real Estate, Inc.
| |
|
10/28/2020
|
Loft
|
-
|
-
|
$219,000
Loft
-
|
$175,000
-20.09%
12/28/2021
|
Land and Sea Real Estate
Land and Sea Real Estate, Inc.
| |
|
10/26/2020
|
Loft
|
-
|
-
|
$219,000
Loft
-
|
$207,000
-5.48%
03/04/2021
|
Land and Sea Real Estate
Land and Sea Real Estate, Inc.
| |
|
10/26/2020
|
Loft
|
-
|
-
|
$419,000
Loft
-
|
$375,000
-10.50%
12/30/2021
|
Land and Sea Real Estate
Land and Sea Real Estate, Inc.
| |
|
10/26/2020
|
Loft
|
-
|
-
|
$319,000
Loft
-
|
$300,000
-5.96%
12/21/2021
|
Land and Sea Real Estate
Land and Sea Real Estate, Inc.
| |
|
03/17/2010
|
Loft
|
-
|
-
|
$565,000
Loft
-
|
$550,000
-2.65%
04/01/2010
|
John Magazzu
RE/MAX Renaissance Inc.
| |
|
01/28/2009
|
Loft
|
1 Bath
|
2900 ft²
|
$699,000
Loft
1 Bath
2900 ft²
|
$450,000
-35.62%
09/30/2009
|
Sarkis H. Boyajian
Century 21 Avon
| |
|
03/17/2008
|
Loft
|
-
|
1330 ft²
|
$279,900
Loft
-
1330 ft²
|
$262,000
-6.40%
03/31/2008
|
Jeannette Belben
Coldwell Banker Realty - Andover
| |
|
04/29/2004
| |
Loft
|
-
|
-
|
$309,900
Loft
-
|
$300,000
-3.19%
07/14/2004
|
Tricia Melvin
Century 21 Mclennan & Company
|
|
03/08/2000
| |
Loft
|
-
|
1472 ft²
|
$139,900
Loft
-
1472 ft²
|
$130,000
-7.08%
10/18/2000
|
Virginia Broadhurst
Century 21 McLennan & Company
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017