$148,000
●
Condo -
Off Market
10A Colonial Drive #2
Andover, MA 01810
Studio
1 Bath
470 Ft²
$186,936
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model
About This Property
***Sat 8/29 Open House Cancelled*** Top of the Hill location!
Move right in to this efficient Studio Unit at Colonial Drive
Condominiums, Andover with PRIVATE ENTRY! Easy living in this move
in condition unit. Walk right out back door to Rolling Grass Lawns!
Nicely UPDATED eat in KITCHEN with white cabinetry. All WINDOWS
REPLACED!! Living Area is spacious for studio living ~ with
allowing for a living & sleeping area. Two spacious closets for
lots of in unit storage, separate in building storage area &
finally a bike storage building outside. Pet Friendly Complex with
a dog park area, tennis, basketball courts & lots of visitor
parking. Unit has ideal parking SPOT 251, a short walk to your
Private Entry Back Door! Colonial Drive is Conveniently located on
the North Reading town line with easy access to Route 93 PLUS
Harold Parker State Forest is very close by with seemingly endless
miles of trails, camping & ponds for year-round enjoyment! Seller
requires Nov 2 or later close.
Unit Size
470 Ft²
Days on Market
-
Land Size
-
Price per sqft
$309
Property Type
Condo
Property Taxes
$139
HOA Dues
$287
Year Built
-
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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: 6 months ago (MLSPIN #72714932)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2020 | Sold | ||
| Sold | |||
| Aug 24, 2020 | Listed by RE/MAX Encore | $145,000 | |
| Listed by RE/MAX Encore | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street, Paved
Interior Details
Full Bathrooms: 1
Appliances: Range
Flooring Type: Tile, Carpet
Laundry Features: Exterior Access
Rooms: 2
Basement: N
Exterior Details
Has Property Attached
Square Footage: 470
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1973
Building Name: Colonial Drive Condominiums
Building Area Total: 470
Building Area Units: Square Feet
Pool Features: Association, In Ground
Pool is Private
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $110,800
Tax Annual Amount: $1,663
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Unit Control
Sewer : Other
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat, Road Maintenance, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Tennis Court(s), Storage
HOA Fee: $287
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/06/2023
|
1 Bed
|
1 Bath
|
470 ft²
|
$179,000
1 Bed
1 Bath
470 ft²
|
$210,000
+17.32%
09/28/2023
|
Jennifer Lamoureux
Moor Realty Group
| |
|
03/17/2023
|
1 Bed
|
1 Bath
|
480 ft²
|
$179,900
1 Bed
1 Bath
480 ft²
|
$179,000
-0.50%
06/01/2023
|
The Howe Allen Group
revolv of Dartmouth
| |
|
08/24/2020
|
Studio
|
1 Bath
|
470 ft²
|
$145,000
Studio
1 Bath
470 ft²
|
$148,000
+2.07%
10/19/2020
|
Lisa Pijoan
RE/MAX Encore
| |
|
05/06/2019
|
1 Bed
|
1 Bath
|
480 ft²
|
$130,000
1 Bed
1 Bath
480 ft²
|
$130,000
05/31/2019
|
Lillian Montalto
Lillian Montalto Signature Properties
| |
|
11/01/2018
|
1 Bed
|
1 Bath
|
470 ft²
|
$124,900
1 Bed
1 Bath
470 ft²
|
$125,000
+0.08%
01/09/2019
|
Eileen Maxcy
Coldwell Banker Realty - Andover
| |
|
06/30/2017
|
1 Bed
|
1 Bath
|
480 ft²
|
$109,900
1 Bed
1 Bath
480 ft²
|
$112,000
+1.91%
08/14/2017
|
The Carroll Group
RE/MAX Partners
| |
|
07/20/2016
|
Studio
|
1 Bath
|
480 ft²
|
$92,900
Studio
1 Bath
480 ft²
|
$86,300
-7.10%
09/23/2016
|
Mark Nelson
Leading Edge Real Estate
| |
|
12/18/2015
|
Studio
|
1 Bath
|
480 ft²
|
$99,900
Studio
1 Bath
480 ft²
|
$99,900
02/05/2016
|
Anthony Salerno
RE/MAX Partners
| |
|
11/19/2015
|
Studio
|
1 Bath
|
480 ft²
|
$99,900
Studio
1 Bath
480 ft²
|
$85,000
-14.91%
01/28/2016
|
The Rental Team
Hayden Rowe Properties
| |
|
08/07/2014
|
Studio
|
1 Bath
|
480 ft²
|
$98,900
Studio
1 Bath
480 ft²
|
$92,000
-6.98%
11/07/2014
|
Chuha & Scouten Team
Leading Edge Real Estate
| |
|
07/26/2014
|
Studio
|
1 Bath
|
480 ft²
|
$89,999
Studio
1 Bath
480 ft²
|
$88,000
-2.22%
09/05/2014
|
Arlene Santangelo
Keller Williams - Bonita Springs
| |
|
07/11/2012
|
1 Bed
|
1 Bath
|
480 ft²
|
$87,500
1 Bed
1 Bath
480 ft²
|
$89,000
+1.71%
09/20/2012
|
Sherean Azarmi
Urban Circle Realty
| |
|
09/04/2009
|
1 Bed
|
1 Bath
|
480 ft²
|
$99,900
1 Bed
1 Bath
480 ft²
|
$96,000
-3.90%
02/25/2010
|
Rick Nazzaro
Colonial Manor Realty
| |
|
10/07/2008
|
Studio
|
1 Bath
|
480 ft²
|
$99,900
Studio
1 Bath
480 ft²
|
$99,400
-0.50%
11/21/2008
|
Eileen Maxcy
Coldwell Banker Realty - Andover
| |
|
02/15/2007
|
1 Bed
|
1 Bath
|
480 ft²
|
$92,500
1 Bed
1 Bath
480 ft²
|
$93,500
+1.08%
04/11/2007
|
Rick Nazzaro
Colonial Manor Realty
| |
|
02/20/2006
|
Studio
|
1 Bath
|
480 ft²
|
$119,900
Studio
1 Bath
480 ft²
|
$110,600
-7.76%
03/31/2006
|
Nuala Boness
Coldwell Banker Realty - Andover
| |
|
11/13/2002
|
1 Bed
|
1 Bath
|
719 ft²
|
$159,500
1 Bed
1 Bath
719 ft²
|
$155,000
-2.82%
12/12/2002
|
Caroline Hoyt
Prudential Howe & Doherty
| |
|
02/05/2002
|
2 Bed
|
1 Bath
|
792 ft²
|
$134,900
2 Bed
1 Bath
792 ft²
|
$134,900
04/01/2002
|
Rick Nazzaro
Colonial Manor Realty
| |
|
09/12/1996
|
2 Bed
|
1 Bath
|
830 ft²
|
$69,500
2 Bed
1 Bath
830 ft²
|
$63,000
-9.35%
11/27/1996
|
Joyce C. Spindler
Century 21 Spindler & O'Neil Associates
| |
|
02/28/1996
|
1 Bed
|
1 Bath
|
719 ft²
|
$54,500
1 Bed
1 Bath
719 ft²
|
$50,000
-8.26%
06/14/1996
|
Phyllis Nelson
Nelson R. E./ Condo Selections
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017