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Essex
137 Lancaster Rd
Photo of 137 Lancaster Rd
Sold on Sep 2, 2011

1

Map

$960,000
● House - Off Market

137 Lancaster Rd

North Andover, MA 01845
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
5,648 Ft²
$2,044,180
RealtyHop Estimate
109.66%
Since Oct 1, 2011
MA-Boston
Primary Model

About This Property

SHOWHOUSE PERFECTION! The exquisite decor will exceed your idea of luxury living. Finely appointed details in this 5646 s.f. Newcastle Estates fine home.Custom Cherry kitchen with granite and Viking appliances, family room with stone fireplace, curved bridal stairs, 9' ceilings on first floor, media/bonus room with wet bar, 5th bedroom with full bath, new master bath, wallk out LL in-law potential with fireplace and  roughed for future kitchen and bath. Acre private lot. MOVE RIGHT IN!
Unit Size
5,648 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$173
Property Type
House
Property Taxes
$1,039
HOA Dues
-
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71242969)

Price History

Date / Event Date Event Price
Sep 2, 2011 Sold
Premium
Sold
Jun 2, 2011 Listed by Prudential Howe & Doherty $975,000
Listed by Prudential Howe & Doherty
Oct 18, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 3,388
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 5,668
  • Gross Building Area: 9,653
  • Building Area: 5,668
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,668
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COVENTRY ESTATES PH 02
  • Land Acres: 0000001010
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Andover School District
  • School Tax School District: NO ANDOVER SD
  • Census Tract: 253205

Zoning

  • Zoning: R1

Geography

  • Account Number: M_235034_9
  • Parcel: NAND M:00104 B:D0159 L:00000
  • Block: D0159
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6737
  • Longitude: -71.0728

    Address

  • Full Address: 137 Lancaster Rd
  • Address - House Number: 137
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: C029
  • 4-Digit Zip Code: 2148
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,650,700

    Appraisal Valuation

  • Standard Deviation: 0.1538
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,693,428
  • High Value: 1,953,880
  • Low Value: 1,432,977

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,488,500
  • Assessed Land Value: $413,900
  • Assessed Improvements Value: $1,074,600

    Sales

  • Current Sale Recording Date: Sep 02, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Oct 18, 1995
  • Previous Sale Amount: $575,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2469 ft²

Average Home Age

72.3 years

Currently For Sale

1388 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: 5 months ago
Data Source: MLS PIN, MLS# 71242969

Frequently Asked Questions

When was property at 137 Lancaster Road built and last sold?
The property at 137 Lancaster Road was built in 1995 and last sold on Jan 1, 1970 for $960,000.
How much is this home worth?
The estimated value of the home located at 137 Lancaster Road is $983,926.
What are some comparable homes to 137 Lancaster Road?
There are currently no comparable homes to 137 Lancaster Road.
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