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Essex 01810
1 Glenmeadow Rd
$515,000
● House - Off Market

1 Glenmeadow Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,708 Ft²
$726,758
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Turnkey Ranch style home on gorgeous level, private and fenced lot in the Sanborn School district! This well maintained home features 3 bedrooms and 1.5 baths and includes an eat in kitchen, formal living and dining rooms, family room, home office and a sun room overlooking backyard. The bedroom wing includes 3 nicely sized bedrooms with ample closet space and a tiled bath. Outside you'll find a spacious rear deck and 2 storage sheds.  Easy access to downtown Andover, schools and commuter routes makes this a wise choice.
Unit Size
1,708 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$299
Property Type
House
Property Taxes
$590
HOA Dues
-
Year Built
1962

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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 #72510011)

Price History

Date / Event Date Event Price
Jul 12, 2019 Sold
Premium
Sold
May 31, 2019 Listed by RE/MAX Partners $509,900
Listed by RE/MAX Partners

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,450
  • Total Building Area: 1,722
  • Gross Building Area: 2,074
  • Building Area: 1,722
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,722
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000883
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254403

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00136 B:00034 L:00000
  • Block: 34
  • Municipality: ANDOVER
  • Latitude: 42.6326
  • Longitude: -71.1705

    Address

  • Full Address: 1 Glenmeadow Rd
  • Address - House Number: 1
  • Address - Street Name: Glenmeadow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C012
  • 4-Digit Zip Code: 5518
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $866,000

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 774,687
  • High Value: 906,977
  • Low Value: 642,397

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $634,000
  • Assessed Land Value: $441,700
  • Assessed Improvements Value: $192,300

    Sales

  • Current Sale Contract Date: Jul 11, 2019
  • Current Sale Recording Date: Jul 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16170
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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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# 72510011

Frequently Asked Questions

When was property at 1 Glenmeadow Road built and last sold?
The property at 1 Glenmeadow Road was built in 1962 and last sold on Jul 11, 2019 for $515,000.
How much is this home worth?
The estimated value of the home located at 1 Glenmeadow Road is $525,032.
What are some comparable homes to 1 Glenmeadow Road?
There are currently no comparable homes to 1 Glenmeadow Road.
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