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Essex 01810
1 Harmony Lane
$720,000
● House - Off Market

1 Harmony Lane

Andover, MA 01810
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,545 Ft²
$1,615,096
RealtyHop Estimate
112.54%
Since May 1, 2012
MA-Boston
Primary Model

About This Property

This is a beautiful and elegant home, which offers large living room with Hearth Stone fireplace, large kitchen with stainless steel appliances, granite counter tops, beautiful cabinetry and granite island.   Sliders to the sun deck overlooking the yard with inground pool. Master bedroom offers a walk in closet, luxurious bath with jacuzzi tab and stand up shower.  Additional features include 3 finished rooms and 3/4 bath in the basement.
Unit Size
3,545 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$214
Property Type
House
Property Taxes
$1,051
HOA Dues
-
Year Built
1996

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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 #71332709)

Price History

Date / Event Date Event Price
May 1, 2012 Sold
Premium
Sold
Jan 30, 2012 Listed by NERSA - New England Realty Services and Prop. Mgt.LLC $759,900
Listed by NERSA - New England Realty Services and Prop. Mgt.LLC
Jan 13, 2012 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,742
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,582
  • Total Building Area: 4,590
  • Gross Building Area: 5,559
  • Building Area: 4,590
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,590
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARMONY LANE
  • Land Acres: 0000001001
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254402

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00198 B:00012 L:0000C
  • Block: 12
  • Lot: C
  • Municipality: ANDOVER
  • Latitude: 42.6426
  • Longitude: -71.1955

    Address

  • Full Address: 1 Harmony Ln
  • Address - House Number: 1
  • Address - Street Name: Harmony
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: R004
  • 4-Digit Zip Code: 4420
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,850,100

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,596,014
  • High Value: 1,868,332
  • Low Value: 1,323,696

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,354,400
  • Assessed Land Value: $602,100
  • Assessed Improvements Value: $752,300

    Sales

  • Current Sale Recording Date: May 01, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000001
  • Previous Sale Recording Date: Jan 13, 2012
  • Previous Sale Amount: $767,655
  • Previous Sale Document Type: 34
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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71332709

Frequently Asked Questions

When was property at 1 Harmony Lane built and last sold?
The property at 1 Harmony Lane was built in 1996 and last sold on Jan 1, 1970 for $720,000.
How much is this home worth?
The estimated value of the home located at 1 Harmony Lane is $793,674.
What are some comparable homes to 1 Harmony Lane?
There are currently no comparable homes to 1 Harmony Lane.
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