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Essex 01810
11 Heather Dr
$882,500
● House - Off Market

11 Heather Dr

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$5,013
Est. Monthly

About This Property

Newly remodeled colonial on a quiet dead end street in desirable Andover. This 3 bedroom consists of a master bedroom with two walk in closets. Updated kitchen with quartz countertops , a stylish mudroom and beautiful bathrooms. New siding, windows, roof, kitchen appliances and more. Just minutes to Phillips Academy and downtown Andover. A must see !
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$494
Property Type
House
Property Taxes
$643
HOA Dues
-
Year Built
1928

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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 #73177414)

Price History

Date / Event Date Event Price
Dec 20, 2023 Sold
Premium
Sold
Nov 9, 2023 In contract -
In contract
Nov 4, 2023 Listed by Get Listed Realty, LLC $889,900
Listed by Get Listed Realty, LLC
Dec 22, 2022 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • 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: 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: 944
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,290
  • Total Building Area: 1,632
  • Gross Building Area: 3,583
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNN SHORE DRIVE CONDO
  • Land Acres: 0000000351
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00005 B:00094 L:00000
  • Block: 94
  • Municipality: ANDOVER
  • Latitude: 42.6531
  • Longitude: -71.1213

    Address

  • Full Address: 11 Heather Dr
  • Address - House Number: 11
  • Address - Street Name: Heather
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C008
  • 4-Digit Zip Code: 1907
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $771,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0796
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 911,586
  • High Value: 984,232
  • Low Value: 838,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $564,800
  • Assessed Land Value: $310,900
  • Assessed Improvements Value: $253,900

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20967
  • Previous Sale Recording Date: Dec 22, 2022
  • Previous Sale Contract Date: Dec 22, 2022
  • Previous Sale Amount: $470,000
  • Previous Sale Document Type: 35

    Financing

  • First Mortgage Financing Type: ADJ
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

2588 ft²

Average Home Age

73.6 years

Currently For Sale

1412 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# 73177414

Frequently Asked Questions

When was property at 11 Heather Drive built and last sold?
The property at 11 Heather Drive was built in 1928 and last sold on Dec 20, 2023 for $882,500.
How much is this home worth?
The estimated value of the home located at 11 Heather Drive is $891,951.
What are some comparable homes to 11 Heather Drive?
There are currently no comparable homes to 11 Heather Drive.
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