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Essex
156 Lancaster Road
Photo of 156 Lancaster Road
Sold on Jun 15, 2007

1

Map

$950,000
● House - Off Market

156 Lancaster Road

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
4,414 Ft²
$2,050,212
RealtyHop Estimate
86.38%
Since Jul 1, 2007
MA-Boston
Primary Model

About This Property

Stunning custom colonial on one of the most beautiful lots in Newcastle Estates! This magnificent 11 room,4 BR,3.5 bath home feat. grand 2-story entry foyer w/circular staircase,elegant oversized LR & DR,Den,open-concept stone FP'd FR,  huge cabinet-filled EIK,& private master suite w/large WIC & master bath.Add'l amenities incl. spacious BRs w/WIC,guest suite w/ private bath,fin. LL,XL 3 car att. garage,central vac, sec. sys.,4 furnace central heat,3 zone central air,& hard-wired surr. sound.
Unit Size
4,414 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$249
Property Type
House
Property Taxes
$872
HOA Dues
-
Year Built
1994

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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 #70509208)

Price History

Date / Event Date Event Price
Jun 15, 2007 Sold
Premium
Sold
Jan 11, 2007 Listed $1,100,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 2,376
  • 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: 4,414
  • Gross Building Area: 7,188
  • Building Area: 4,414
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,414
  • 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_234946_9
  • Parcel: NAND M:00104 B:D0169 L:00000
  • Block: D0169
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6741
  • Longitude: -71.0737

    Address

  • Full Address: 156 Lancaster Rd
  • Address - House Number: 156
  • 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: $1,447,800

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,327,503
  • High Value: 1,552,594
  • Low Value: 1,102,412

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,305,500
  • Assessed Land Value: $413,900
  • Assessed Improvements Value: $891,600

    Sales

  • Current Sale Recording Date: Jun 15, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 143559
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

2549 ft²

Average Home Age

72.6 years

Currently For Sale

1470 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70509208

Frequently Asked Questions

When was property at 156 Lancaster Road built and last sold?
The property at 156 Lancaster Road was built in 1994 and last sold on Jan 1, 1970 for $950,000.
How much is this home worth?
The estimated value of the home located at 156 Lancaster Road is $1,127,547.
What are some comparable homes to 156 Lancaster Road?
There are currently no comparable homes to 156 Lancaster Road.
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