$325,000
●
Condo -
Off Market
11 Crescent Drive #2
Andover, MA 01810
2 Beds
1 Bath
922 Ft²
$2,031
Est. Monthly
$352
HOA / Fees
7.01%
Cap Rate
About This Property
Welcome to highly sought after Andover Gardens!! Convenient to
downtown, local shops and easy highway access! This two bedroom
condo is the best value in Andover! Spacious and freshly painted
throughout, offering brand new Laminate Flooring, New Cabinets,
Tile Backsplash and Quartz Countertops with Stainless Steel
appliances. Bathroom has also just been updated with new vanity and
tile tub surround. This unit also has additional storage and 2
DEEDED parking spaces (#143 and #55) which is a rare find. Low
condo fee includes HEAT and HOT WATER. Great unit for the first
time buyer, down sizer or investor. Shared laundry in building .
Indoor cats allowed, see remarks. All offers due February 27, 2024
at 11:00 a.m.
Unit Size
922 Ft²
Days on Market
-
Land Size
-
Price per sqft
$314
Property Type
Condo
Property Taxes
$255
HOA Dues
$352
Year Built
1966
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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: 3 years ago (MLSPIN #73205186)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2024 | Sold | ||
| Sold | |||
| Feb 27, 2024 | In contract | - | |
| In contract | |||
| Feb 24, 2024 | Listed by Foundation Brokerage Group | $289,900 | |
| Listed by Foundation Brokerage Group | |||
| Feb 19, 2021 | Sold | ||
| Sold | |||
| Jan 22, 2021 | Listed by Dick Lepine Real Estate,Inc. | $224,900 | |
| Listed by Dick Lepine Real Estate,Inc. | |||
| | |||
|
BACK ON MARKET DUE TO BUYER'S FINANCING. Best VALUE for a 2 BR unit in Andover! Andover Gardens! Well managed complex in very convenient location near town, commuter rail and YMCA. Spacious Two bedroom unit - with newer fully applianced kitchen, SS Appliances, updated bath, fresh paint throughout, A/C, additional storage and deeded parking (2 SPACES!). LOW condo fee includes HEAT and HOT WATER, and use of pool seasonally. This is an ideal unit for a first time buyer, downsizer (minimal stairs to unit) or investor. Shared laundry steps away. Indoor Cats allowed. QUICK close possible. Don't miss this opportunity to invest in a wonderful community.
| |||
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Property Highlights
Parking Available
Air Conditioning
Interior Details
Level: First
Width: 7
Length: 11
Features: Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Area: 77
Level: First
Features: Flooring - Laminate
Width: 12
Length: 10
Area: 120
Width: 7
Features: Flooring - Laminate
Length: 10
Level: First
Area: 70
Features: Bathroom - Full, Bathroom - Tiled With Tub
Level: First
Length: 10
Level: First
Area: 140
Features: Flooring - Laminate
Width: 14
Features: Flooring - Laminate
Level: First
Length: 18
Width: 12
Area: 216
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator
Flooring Type: Tile, Laminate
Laundry Features: In Building
Rooms: 5
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Andover Gardens
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: APT
Parcel Number: 1835017
Water Source: Public
Financial Details
Tax Assessed Value: $237,600
Tax Annual Amount: $3,060
Utilities Details
Utilities: for Gas Range
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Storage
Association Fee Frequency: Monthly
HOA Fee: $352
Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Private School, T-Station
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - On Site
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 |
|---|---|---|---|---|---|---|---|
|
07/02/2025
|
2 Bed
|
1 Bath
|
1007 ft²
|
$299,900
2 Bed
1 Bath
1007 ft²
|
$340,000
+13.37%
08/12/2025
|
Kerrie Myers
Coldwell Banker Realty - Andover
| |
|
07/15/2024
|
2 Bed
|
1 Bath
|
1010 ft²
|
$339,000
2 Bed
1 Bath
1010 ft²
|
$345,000
+1.77%
08/08/2024
|
John Hughes III
RE/MAX Triumph Realty
| |
|
02/24/2024
|
2 Bed
|
1 Bath
|
922 ft²
|
$289,900
2 Bed
1 Bath
922 ft²
|
$325,000
+12.11%
03/26/2024
|
Kelli Gilbride
Dick Lepine Real Estate,Inc.
| |
|
12/20/2022
|
2 Bed
|
1 Bath
|
1007 ft²
|
$255,000
2 Bed
1 Bath
1007 ft²
|
$265,000
+3.92%
01/25/2023
|
Tessa Parziale Rigattieri
Tessa Parziale Real Estate
| |
|
03/26/2021
|
2 Bed
|
1 Bath
|
946 ft²
|
$199,999
2 Bed
1 Bath
946 ft²
|
$224,000
+12.00%
06/11/2021
|
Marilyn Ellis
Leading Edge Real Estate
| |
|
01/22/2021
|
2 Bed
|
1 Bath
|
922 ft²
|
$224,900
2 Bed
1 Bath
922 ft²
|
$224,900
02/19/2021
|
Sheryl Doherty
Dick Lepine Real Estate,Inc.
| |
|
09/18/2019
|
2 Bed
|
1 Bath
|
1007 ft²
|
$260,000
2 Bed
1 Bath
1007 ft²
|
$265,000
+1.92%
10/25/2019
|
Hilary Williams
Coldwell Banker Residential Brokerage - Andover
| |
|
07/07/2017
|
2 Bed
|
1 Bath
|
1010 ft²
|
$190,000
2 Bed
1 Bath
1010 ft²
|
$166,000
-12.63%
08/11/2017
|
Claudette Forbes
LAER Realty Partners
| |
|
07/30/2016
|
2 Bed
|
1 Bath
|
1007 ft²
|
$179,900
2 Bed
1 Bath
1007 ft²
|
$172,500
-4.11%
10/07/2016
|
John Kokocinski
Lake Realty
| |
|
01/25/2012
|
2 Bed
|
1 Bath
|
922 ft²
|
$139,900
2 Bed
1 Bath
922 ft²
|
$127,350
-8.97%
02/21/2012
|
Johanna Webster
Coldwell Banker Realty - Andover
| |
|
04/27/2009
|
2 Bed
|
1 Bath
|
1004 ft²
|
$169,900
2 Bed
1 Bath
1004 ft²
|
$170,000
+0.06%
06/24/2009
|
Sheryl Doherty
William Raveis R.E. & Home Services
| |
|
01/25/2008
|
2 Bed
|
1 Bath
|
1007 ft²
|
$174,900
2 Bed
1 Bath
1007 ft²
|
$168,000
-3.95%
03/28/2008
|
Roland Cote
ERA Morrison Real Estate
| |
|
03/09/2006
|
2 Bed
|
1 Bath
|
1007 ft²
|
$189,900
2 Bed
1 Bath
1007 ft²
|
$189,900
05/17/2006
|
Tracey Correia
Coco, Early & Associates
| |
|
07/28/2003
|
2 Bed
|
1 Bath
|
942 ft²
|
$176,000
2 Bed
1 Bath
942 ft²
|
$172,000
-2.27%
11/24/2003
|
Bonnie Gallant
Coldwell Banker Residential Brokerage - Danvers
| |
|
11/29/2002
|
2 Bed
|
1 Bath
|
1008 ft²
|
$154,900
2 Bed
1 Bath
1008 ft²
|
$150,000
-3.16%
04/30/2003
|
Johanna Webster
Coldwell Banker Realty - Andover
| |
|
06/22/2001
|
2 Bed
|
1 Bath
|
1007 ft²
|
$159,900
2 Bed
1 Bath
1007 ft²
|
$160,000
+0.06%
07/31/2001
|
Natalie Bradley
Coldwell Banker Residential Brokerage - Andover
| |
|
09/23/1999
|
2 Bed
|
1 Bath
|
1007 ft²
|
$108,900
2 Bed
1 Bath
1007 ft²
|
$99,000
-9.09%
12/03/1999
|
Sandra Durling
Prudential Howe & Doherty
| |
|
04/29/1997
|
2 Bed
|
1 Bath
|
1006 ft²
|
$72,900
2 Bed
1 Bath
1006 ft²
|
$66,500
-8.78%
07/14/1997
|
John Carroll
RE/MAX Advantage 1
| |
|
12/07/1994
|
2 Bed
|
1 Bath
|
948 ft²
|
$55,900
2 Bed
1 Bath
948 ft²
|
$52,500
-6.08%
05/19/1995
|
Shirly Platt
Re/max Preferred, Inc.
|
Building Info
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