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Essex 01810
2 Belle Isle Way
Photo of 2 Belle Isle Way
Sold on May 23, 2005

1

Map

$573,000
● House - Off Market

2 Belle Isle Way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,663 Ft²
$1,047,306
RealtyHop Estimate
80.60%
Since Jun 1, 2005
National-US
Primary Model

About This Property

This one owner home features 9+ rooms, including huge kitchen with center island, pantry & generous eat-in area, vaulted ceiling fireplaced family room steps away from a 19x13 media room.  Master with jacuzzi, separate dressing room or office.  Front-to-back living room, entertaining size dining room, hardwood on first floor.  Acre level lot on a wonderful cul-de-sac. Convenient commuter location!  Title V approved.
Unit Size
2,663 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$218
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1984

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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 #70140515)

Price History

Date / Event Date Event Price
May 23, 2005 Sold
Premium
Sold
Feb 1, 2005 Listed $579,900
Listed

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,296
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,416
  • Gross Building Area: 4,476
  • Building Area: 2,416
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,416
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ACCEPTANCE PLAN BELLE-ISLE WAY
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254402

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00168 B:00026 L:0000A
  • Block: 26
  • Lot: A
  • Municipality: ANDOVER
  • Latitude: 42.6802
  • Longitude: -71.212

    Address

  • Full Address: 2 Belle Isle Way
  • Address - House Number: 2
  • Address - Street Name: Belle Isle
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: R007
  • 4-Digit Zip Code: 2436
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,116,200

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 968,151
  • High Value: 1,133,341
  • Low Value: 802,962

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $817,100
  • Assessed Land Value: $406,000
  • Assessed Improvements Value: $411,100

    Sales

  • Current Sale Recording Date: May 23, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 17966
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:

$699,899

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.5 years

Currently For Sale

1472 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: 5 months ago
Data Source: MLS PIN, MLS# 70140515

Frequently Asked Questions

When was property at 2 Belle Isle Way built and last sold?
The property at 2 Belle Isle Way was built in 1984 and last sold on Jan 1, 1970 for $573,000.
How much is this home worth?
The estimated value of the home located at 2 Belle Isle Way is $607,146.
What are some comparable homes to 2 Belle Isle Way?
There are currently no comparable homes to 2 Belle Isle Way.
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