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Andover 01810
123 Chestnut St
$550,000
● House - Off Market

123 Chestnut St

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,716 Ft²
$971,398
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Incredible in Town Location! 4 Bedroom Home in a prime Andover location! Traditional with an open flow to the 1st level gives this home unique character. Family, Living Room and Dining Room are bright and lively with plenty of windows and natural light.  Lots of craftsmanship throughout the home with ceiling moldings, french doors and wainscoting. The Kitchen is well appointed with cabinetry, stainless steel appliances, granite counters, dining area and access to the back yard. All your Bedrooms are located upstairs with a full Bath and a large foyer. Large back yard and 2 car garage make this home complete. This home has many upgrades including granite counter tops, stainless steel appliances, updated kitchen & updated baths. This won't last!!!
Unit Size
1,716 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$326
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1918

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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 #71802264)

Price History

Date / Event Date Event Price
Jul 2, 2015 Sold
Premium
Sold
Mar 17, 2015 Listed by Lillian Montalto Signature Properties $559,900
Listed by Lillian Montalto Signature Properties
Jun 29, 2007 Sold
Premium
Sold
Feb 12, 2007 Listed by Lillian Montalto Signature Properties $449,900
Listed by Lillian Montalto Signature Properties
Jul 24, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 14,401
  • Total Building Area: 2,318
  • Gross Building Area: 4,723
  • Building Area: 2,318
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,318
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000331
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254301

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00022 B:00096 L:00000
  • Block: 96
  • Municipality: ANDOVER
  • Latitude: 42.6566
  • Longitude: -71.129

    Address

  • Full Address: 123 Chestnut St
  • Address - House Number: 123
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C008
  • 4-Digit Zip Code: 1829
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,010,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 837,781
  • High Value: 970,112
  • Low Value: 705,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $740,000
  • Assessed Land Value: $445,200
  • Assessed Improvements Value: $294,800

    Sales

  • Current Sale Recording Date: Jul 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16349
  • Previous Sale Recording Date: Jun 29, 2007
  • Previous Sale Amount: $422,000
  • 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

2841 ft²

Average Home Age

79.5 years

Currently For Sale

22 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# 71802264

Frequently Asked Questions

When was property at 123 Chestnut Street built and last sold?
The property at 123 Chestnut Street was built in 1918 and last sold on Jan 1, 1970 for $550,000.
How much is this home worth?
The estimated value of the home located at 123 Chestnut Street is $569,343.
What are some comparable homes to 123 Chestnut Street?
There are currently no comparable homes to 123 Chestnut Street.
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