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Essex 01810
1 Rutgers Road
$451,094
● House - Off Market

1 Rutgers Road

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,541 Ft²
$770,792
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Lovely split level home situated on a beautiful 1 acre corner lot.  This spacious 3 bedroom 1 full 1 half bathroom home features recent updates that include granite kitchen counter tops, new stainless steel appliances, updated bathrooms, gleaming refinished hardwood floors, freshly painted interior and exterior and a newly installed septic system.  Additional features include two wood burning fireplaces, large yard to be newly seeded, and a spacious four season sunroom off the kitchen.  Ample off-street parking and conveniently located just minutes from I-93 and I-495.
Unit Size
2,541 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$185
Property Type
House
Property Taxes
$567
HOA Dues
-
Year Built
1972

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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 #72074943)

Price History

Date / Event Date Event Price
Dec 28, 2016 Sold
Premium
Sold
Sep 29, 2016 Listed by Coldwell Banker Residential Brokerage - Andover $469,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,196
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,865
  • Total Building Area: 2,141
  • Gross Building Area: 2,792
  • Building Area: 2,141
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,141
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001007
  • 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:00222 B:00025 L:00000
  • Block: 25
  • Municipality: ANDOVER
  • Latitude: 42.6429
  • Longitude: -71.2203

    Address

  • Full Address: 1 Rutgers Rd
  • Address - House Number: 1
  • Address - Street Name: Rutgers
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: R004
  • 4-Digit Zip Code: 4304
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $881,800

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 827,197
  • High Value: 968,454
  • Low Value: 685,941

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $645,500
  • Assessed Land Value: $413,300
  • Assessed Improvements Value: $232,200

    Sales

  • Current Sale Recording Date: Dec 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 34901
  • Previous Sale Recording Date: Jun 20, 2016
  • 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

2546 ft²

Average Home Age

73.2 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72074943

Frequently Asked Questions

When was property at 1 Rutgers Road built and last sold?
The property at 1 Rutgers Road was built in 1972 and last sold on Jan 1, 1970 for $451,094.
How much is this home worth?
The estimated value of the home located at 1 Rutgers Road is $501,014.
What are some comparable homes to 1 Rutgers Road?
There are currently no comparable homes to 1 Rutgers Road.
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