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Essex
175 Olympic Lane
$640,000
● House - Off Market

175 Olympic Lane

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,524 Ft²
$875,195
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

The original owner is selling this traditional colonial located near the end of a quiet cul de sac. This home is very light and bright. Front-to--back living room with wood-burning fireplace. The formal dining room has wainscoting and is located directly off the kitchen. Eat-in kitchen with white cabinets, stainless steel appliances, gas cooking, and pantry. Cozy family room with wood-burning fireplace and exterior access to a large deck. First-floor large laundry room. Home office. Upstairs two bedrooms have hardwood flooring, two have carpet.  Excellent closet space.  Master has a walk-in closet and private 3/4 bath. Fresh paint and most rooms on the first floor have hardwood flooring. You will love this large neighborhood located with quick access to Rte 114 and shopping.  Located in the Sargent school district.
Unit Size
2,524 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$250
Property Type
House
Property Taxes
$645
HOA Dues
-
Year Built
1980

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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: 4 months ago (MLSPIN #72618502)

Price History

Date / Event Date Event Price
Mar 24, 2020 Sold
Premium
Sold
Feb 12, 2020 Listed by William Raveis R.E. & Home Services $629,900
Listed by William Raveis R.E. & Home Services
Jan 13, 1981 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • 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: 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: 1,516
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Total Building Area: 2,524
  • Gross Building Area: 4,308
  • Building Area: 2,524
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,524
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001050
  • 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_236883_9
  • Parcel: NAND M:00106 B:B0131 L:00000
  • Block: B0131
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6398
  • Longitude: -71.0498

    Address

  • Full Address: 175 Olympic Ln
  • Address - House Number: 175
  • Address - Street Name: Olympic
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Andover
  • Carrier Code: R010
  • 4-Digit Zip Code: 3313
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $905,700

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 895,880
  • High Value: 1,032,996
  • Low Value: 758,763

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $816,700
  • Assessed Land Value: $392,600
  • Assessed Improvements Value: $424,100

    Sales

  • Current Sale Contract Date: Mar 16, 2020
  • Current Sale Recording Date: Mar 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7182
  • Previous Sale Recording Date: Jan 13, 1981
  • Previous Sale Amount: $130,000
  • 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:

$699,000

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72618502

Frequently Asked Questions

When was property at 175 Olympic Lane built and last sold?
The property at 175 Olympic Lane was built in 1980 and last sold on Mar 16, 2020 for $640,000.
How much is this home worth?
The estimated value of the home located at 175 Olympic Lane is $653,812.
What are some comparable homes to 175 Olympic Lane?
There are currently no comparable homes to 175 Olympic Lane.
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