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Essex 01810
1 Montclair Ave
$793,000
● House - Off Market

1 Montclair Ave

Andover, MA 01810
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,842 Ft²
$1,175,266
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Large Country Colonial - Smashing updated and expanded kitchen with L shaped center island for lots of seating, double ovens, hardwood floors and tons of storage. Sunny eat-in area leads to tiled sun room. Hard to find first floor 3-room guest suite/in-law suite/office area with full bath.  Total of 5 bedrooms and 4 and 1/2 baths!!! Cathedral ceiling family room with wood burning fireplace. Large master with vaulted ceiling and luxurious bath! Enjoy the views from your two decks of the private wooded level yard. Two sheds.
Unit Size
3,842 Ft²
Days on Market
-
Land Size
1.71 acres
Price per sqft
$208
Property Type
House
Property Taxes
$935
HOA Dues
-
Year Built
1983

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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: 5 months ago (MLSPIN #72459038)

Price History

Date / Event Date Event Price
Jun 27, 2019 Sold
Premium
Sold
Mar 1, 2019 Listed by Keller Williams Realty $799,500
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,830
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 3,869
  • Gross Building Area: 6,187
  • Building Area: 3,869
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,869
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 3162E
  • Land Acres: 0000000920
  • 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:00230 B:00005 L:0000A
  • Block: 5
  • Lot: A
  • Municipality: ANDOVER
  • Latitude: 42.6523
  • Longitude: -71.2425

    Address

  • Full Address: 1 Montclair Ave
  • Address - House Number: 1
  • Address - Street Name: Montclair
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Andover
  • Carrier Code: R002
  • 4-Digit Zip Code: 4264
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,246,100

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,251,040
  • High Value: 1,464,497
  • Low Value: 1,037,583

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $912,200
  • Assessed Land Value: $396,200
  • Assessed Improvements Value: $516,000

    Sales

  • Current Sale Contract Date: Jun 13, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 120119
  • Previous Sale Recording Date: Dec 26, 2012
  • Previous Sale Document Type: 27
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

2550 ft²

Average Home Age

72.5 years

Currently For Sale

1480 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: 5 months ago
Data Source: MLS PIN, MLS# 72459038

Frequently Asked Questions

When was property at 1 Montclair Avenue built and last sold?
The property at 1 Montclair Avenue was built in 1983 and last sold on Jun 13, 2019 for $793,000.
How much is this home worth?
The estimated value of the home located at 1 Montclair Avenue is $807,452.
What are some comparable homes to 1 Montclair Avenue?
There are currently no comparable homes to 1 Montclair Avenue.
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