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Andover 01810
151 Elm Street
$490,000
● House - Off Market

151 Elm Street

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,172 Ft²
$740,152
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Welcome to this COMPLETELY RENOVATED home located on a lovely treed lot within walking distance to DOWNTOWN ANDOVER AND MERRIMACK COLLEGE. The fire-placed living room welcomes you to an open floor plan perfect for entertaining. The newly renovated kitchen has white cabinets, stainless appliances, solid countertops and a dining area. The kitchen overlooks family room with oversize fireplace, beamed cathedral ceiling and leads out to the backyard with patio ready for outdoor activities. Three bedrooms have hardwood floors. Updated bath. Lower level offers a perfect space for a play room, den, or home office. Also recently updated are lighting, carpet, deck, roof, heating, plumbing and landscaping. Ready to 'just move in'. A MUST SEE PROPERTY!
Unit Size
2,172 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$230
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1956

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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 #72329650)

Price History

Date / Event Date Event Price
Jul 9, 2018 Sold
Premium
Sold
May 17, 2018 Listed by William Raveis R.E. & Home Services $499,900
Listed by William Raveis R.E. & Home Services
Dec 16, 1996 Sold
Premium
Sold
Aug 30, 1996 Listed by William Raveis R.E. & Home Services $194,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,163
  • Total Building Area: 2,172
  • Gross Building Area: 2,616
  • Building Area: 2,172
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,172
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000394
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254200

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00002 B:00112 L:00000
  • Block: 112
  • Municipality: ANDOVER
  • Latitude: 42.666
  • Longitude: -71.1299

    Address

  • Full Address: 151 Elm St
  • Address - House Number: 151
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C004
  • 4-Digit Zip Code: 1629
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $757,400

    Appraisal Valuation

  • Standard Deviation: 0.2084
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 743,274
  • High Value: 898,201
  • Low Value: 588,347

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $554,500
  • Assessed Land Value: $342,500
  • Assessed Improvements Value: $212,000

    Sales

  • Current Sale Contract Date: Jul 09, 2018
  • Current Sale Recording Date: Jul 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 118261
  • Previous Sale Recording Date: Dec 16, 1996
  • Previous Sale Amount: $191,100
  • Previous Sale Document Type: 43

    Financing

  • First Mortgage Financing Type: UNK
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:

$872,500

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

54

Average Home Size

3082 ft²

Average Home Age

79.3 years

Currently For Sale

19 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: 6 months ago
Data Source: MLS PIN, MLS# 72329650

Frequently Asked Questions

When was property at 151 Elm Street built and last sold?
The property at 151 Elm Street was built in 1956 and last sold on Jul 9, 2018 for $490,000.
How much is this home worth?
The estimated value of the home located at 151 Elm Street is $523,088.
What are some comparable homes to 151 Elm Street?
There are currently no comparable homes to 151 Elm Street.
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