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Andover 01810
2 Castle Heights Rd
$479,900
● House - Off Market

2 Castle Heights Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,532 Ft²
$745,825
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Charming and modern 3 bedroom home located on a well landscaped lot.  This home features an eat in kitchen with granite counters, tile flooring and stainless steel appliances, family room with gas fireplace and an adjacent dining room with hardwood flooring. Upstairs you'll find 3 spacious bedrooms with ample closet space including 2 walk in closets in the master bedroom, hardwood flooring plus a full bath.  Newer roof, central air, screened porch, one car garage and close proximity to downtown Andover, shops, commuter rail and highways makes this a wise investment!
Unit Size
1,532 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$313
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
1948

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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: 4 months ago (MLSPIN #72197058)

Price History

Date / Event Date Event Price
Aug 30, 2017 Sold
Premium
Sold
Jul 12, 2017 Listed by RE/MAX Partners $479,900
Listed by RE/MAX Partners
Sep 9, 2016 Sold
Premium
Sold
Apr 22, 2016 Listed by RE/MAX Partners $479,900
Listed by RE/MAX Partners
Sep 8, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 484
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,533
  • Total Building Area: 1,532
  • Gross Building Area: 2,447
  • Building Area: 1,532
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,532
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000242
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254100

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00037 B:00037 L:00000
  • Block: 37
  • Municipality: ANDOVER
  • Latitude: 42.6656
  • Longitude: -71.1469

    Address

  • Full Address: 2 Castle Heights Rd
  • Address - House Number: 2
  • Address - Street Name: Castle Heights
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C005
  • 4-Digit Zip Code: 2943
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $839,000

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 516,817
  • High Value: 613,678
  • Low Value: 419,955

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $614,200
  • Assessed Land Value: $353,700
  • Assessed Improvements Value: $260,500

    Sales

  • Current Sale Recording Date: Aug 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22475
  • Previous Sale Recording Date: Sep 09, 2016
  • Previous Sale Amount: $479,900
  • 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 Andover

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2778 ft²

Average Home Age

90.8 years

Currently For Sale

23 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# 72197058

Frequently Asked Questions

When was property at 2 Castle Heights Road built and last sold?
The property at 2 Castle Heights Road was built in 1948 and last sold on Jan 1, 1970 for $479,900.
How much is this home worth?
The estimated value of the home located at 2 Castle Heights Road is $494,091.
What are some comparable homes to 2 Castle Heights Road?
There are currently no comparable homes to 2 Castle Heights Road.
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