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Andover 01810
18 Morton Street
$585,000
● House - Off Market

18 Morton Street

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,636 Ft²
$858,245
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Spacious Colonial located in downtown Andover close to Phillips Academy, Doherty Middle School, T-Station and walking distance to all shops, restaurants, parks that downtown has to offer.  Home offers large entertainment size living & dining rooms & applianced kitchen with breakfast area overlooking deck & sunny backyard plus Den and/or bedroom on 1st floor.  There are four generous bedrooms, master with private bath & walk-in closet.  All rooms have hardwood floors, 3 full tile baths & convenient  1st floor laundry.  Many recent updates include high efficiency gas heating system & hot water tank, new appliances, exterior & interior paint.
Unit Size
2,636 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$228
Property Type
House
Property Taxes
$660
HOA Dues
-
Year Built
1870

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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 #72464510)

Price History

Date / Event Date Event Price
Aug 9, 2019 Sold
Premium
Sold
Mar 13, 2019 Listed by Century 21 Mclennan & Company $599,900
Listed by Century 21 Mclennan & Company
May 21, 1993 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 916
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,825
  • Total Building Area: 2,436
  • Gross Building Area: 3,698
  • Building Area: 2,436
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,436
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANDOVER
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00040 B:00046 L:00000
  • Block: 46
  • Municipality: ANDOVER
  • Latitude: 42.6519
  • Longitude: -71.1361

    Address

  • Full Address: 18 Morton St
  • Address - House Number: 18
  • Address - Street Name: Morton
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C015
  • 4-Digit Zip Code: 3808
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $923,000

    Appraisal Valuation

  • Standard Deviation: 0.208
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 860,047
  • High Value: 1,038,991
  • Low Value: 681,102

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $675,700
  • Assessed Land Value: $309,200
  • Assessed Improvements Value: $366,500

    Sales

  • Current Sale Contract Date: Jul 31, 2019
  • Current Sale Recording Date: Aug 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18930
  • Previous Sale Recording Date: May 21, 1993
  • Previous Sale Amount: $163,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$879,000

Sale Price/ft²

$423

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3275 ft²

Average Home Age

81.4 years

Currently For Sale

16 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# 72464510

Frequently Asked Questions

When was property at 18 Morton Street built and last sold?
The property at 18 Morton Street was built in 1870 and last sold on Jul 31, 2019 for $585,000.
How much is this home worth?
The estimated value of the home located at 18 Morton Street is $631,099.
What are some comparable homes to 18 Morton Street?
There are currently no comparable homes to 18 Morton Street.
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