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Andover 01810
1 Walnut Ave
$432,500
● House - Off Market

1 Walnut Ave

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,358 Ft²
$633,394
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

Classic in-town Colonial with easy access to all that downtown Andover has to offer plus easy access to Boston Commuter rail. Features include an eat in kitchen, living room with hardwood flooring and pocket doors and dining room with built-in hutch, hardwood flooring and fireplace. Upstairs you'll find 3 spacious bedrooms and tiled bath. The lower level includes a family room, extra storage and washer/dryer hookups. Excellent opportunity to own a well maintained home in a desirable location and in Bancroft/Doherty School district.
Unit Size
1,358 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$294
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1907

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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 #72138766)

Price History

Date / Event Date Event Price
May 16, 2017 Sold
Premium
Sold
Mar 31, 2017 Listed by RE/MAX Partners $399,900
Listed by RE/MAX Partners
Nov 28, 1972 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 679
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,886
  • Total Building Area: 1,833
  • Gross Building Area: 2,217
  • Building Area: 1,833
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,833
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000089
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254200

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00038 B:00169 L:00000
  • Block: 169
  • Municipality: ANDOVER
  • Latitude: 42.6625
  • Longitude: -71.1416

    Address

  • Full Address: 1 Walnut Ave
  • Address - House Number: 1
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Andover
  • Carrier Code: C011
  • 4-Digit Zip Code: 3112
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $708,800

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 667,211
  • High Value: 770,824
  • Low Value: 563,598

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518,900
  • Assessed Land Value: $290,000
  • Assessed Improvements Value: $228,900

    Sales

  • Current Sale Recording Date: May 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12065
  • Previous Sale Recording Date: Nov 28, 1972
  • Previous Sale Amount: $23,500
  • 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 Andover

Stats & Trends

Median Asking:

$899,900

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3092 ft²

Average Home Age

75.8 years

Currently For Sale

17 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72138766

Frequently Asked Questions

When was property at 1 Walnut Avenue built and last sold?
The property at 1 Walnut Avenue was built in 1907 and last sold on Jan 1, 1970 for $432,500.
How much is this home worth?
The estimated value of the home located at 1 Walnut Avenue is $419,095.
What are some comparable homes to 1 Walnut Avenue?
There are currently no comparable homes to 1 Walnut Avenue.
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