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Essex
185 Middlesex St
$592,500
● House - Off Market

185 Middlesex St

North Andover, MA 01845
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,561 Ft²
$638,457
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

This custom built RANCH home with a 2 car attached GARAGE sits on an oversized lot in the LIBRARY area of North Andover. Fantastic opportunity! The main level features: REFINISHED hardwood floors, BRAND NEW laminate flooring in the office, fresh paint, granite counters in kitchen, main floor laundry, UPDATED BATHROOM, fireplace and an OVERSIZED living room with picture window. The lower level features a large bonus room, a fireplace, a 2nd KITCHEN and a full bathroom. Additional features include: gas heat, SUNROOM and lots of storage. IN-LAW POTENTIAL!!!  Conveniently located in the LIBRARY area near THOMSON elementary school, Main street, Mass Ave and Route 495. Make your appointment today!
Unit Size
2,561 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$236
Property Type
House
Property Taxes
$568
HOA Dues
-
Year Built
1957

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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: 5 months ago (MLSPIN #73032405)

Price History

Date / Event Date Event Price
Nov 23, 2022 Sold
Premium
Sold
Oct 17, 2022 In contract -
In contract
Oct 4, 2022 Relisted $605,000
Relisted
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Price Increased $605,000
↑ $6K (1%)
Price Increased
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,707
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,542
  • Total Building Area: 2,561
  • Gross Building Area: 4,219
  • Building Area: 2,561
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,561
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000517
  • 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: 253100

Zoning

  • Zoning: R4

Geography

  • Account Number: M_229976_9
  • Parcel: NAND M:00014 B:00056 L:00000
  • Block: 56
  • Municipality: NORTH ANDOVER
  • Latitude: 42.699
  • Longitude: -71.1341

    Address

  • Full Address: 185 Middlesex St
  • Address - House Number: 185
  • Address - Street Name: Middlesex
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Andover
  • Carrier Code: C027
  • 4-Digit Zip Code: 3523
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $664,500

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 642,903
  • High Value: 694,520
  • Low Value: 591,285

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $599,200
  • Assessed Land Value: $306,400
  • Assessed Improvements Value: $292,800

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Nov 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27058
  • Previous Sale Recording Date: Dec 19, 2016
  • Previous Sale Amount: $476,500
  • Previous Sale Document Type: O
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

2541 ft²

Average Home Age

72.9 years

Currently For Sale

1497 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73032405

Frequently Asked Questions

When was property at 185 Middlesex Street built and last sold?
The property at 185 Middlesex Street was built in 1957 and last sold on Nov 22, 2022 for $592,500.
How much is this home worth?
The estimated value of the home located at 185 Middlesex Street is $632,734.
What are some comparable homes to 185 Middlesex Street?
There are currently no comparable homes to 185 Middlesex Street.
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