$99,999
●
Condo -
Off Market
2 Colonial Dr #4D
Andover, MA 01810
Studio
1 Bath
480 Ft²
$171,495
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model
About This Property
Currently the only condo for sale at Colonial Drive Condominiums in
Andover! Large studio in great condition - Very well maintained,
clean and bright, updated eat-in kitchen, updated bathroom with tub
and shower, and neutral paint throughout. Newer windows, newer air
conditioning unit, and new electrical circuit breaker box. End unit
on 2nd floor, adding to privacy factor. Covered balcony off of the
kitchen overlooks swimming pool. Extra storage in basement and in
bike shed. Laundry facilities in the same building. Great location
off of Rte. 28, very close to Routes 125 and I-93. Easy access to
downtown Andover, Merrimack College, and North Reading / Reading.
Low HOA fees include gas heat, hot water, parking, snow removal,
extra storage, and more! Book a showing today!
Unit Size
480 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
Condo
Property Taxes
$102
HOA Dues
$266
Year Built
-
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Operating Profit Per Year
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 years ago (MLSPIN #71951671)
Price History
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Features: Flooring - Stone/Ceramic Tile, Balcony - Exterior
Features: Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: Second
Level: Second
Features: Walk-In Closet(s), Closet, Flooring - Wall to Wall Carpet, Cable Hookup
Features: No
Full Bathrooms: 1
Appliances: Range, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Electric Range
Laundry Features: In Basement, In Building
Rooms: 2
Basement: N
Parking Details
Parking Features: Assigned, Guest
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Colonial Drive Condominiums
Structure Type: Garden
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: APT
Parcel Number: 1840867
Water Source: Public
Financial Details
Tax Assessed Value: $81,700
Tax Annual Amount: $1,223
Utilities Details
Utilities: for Electric Range
Cooling Type: Wall Unit(s)
Heating Type: Baseboard
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Tennis Court(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $266
Community Features: Public Transportation, Shopping, House of Worship, Private School, Public School, T-Station
Pets Allowed: Yes
Complex is Completed
Management: Professional - On Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/24/2025
|
1 Bed
|
1 Bath
|
480 ft²
|
$199,900
1 Bed
1 Bath
480 ft²
|
$210,500
+5.30%
05/29/2025
|
The New Home Collective Group
Boston Connect Real Estate
| |
|
04/10/2025
|
Studio
|
1 Bath
|
480 ft²
|
$199,000
Studio
1 Bath
480 ft²
|
$210,500
+5.78%
05/09/2025
|
Paige Cadogan
Gibson Sotheby's International Realty
| |
|
06/22/2023
|
Studio
|
1 Bath
|
480 ft²
|
$179,000
Studio
1 Bath
480 ft²
|
$190,000
+6.15%
07/25/2023
|
Sheri O'Connor
Plunkett Properties
| |
|
05/30/2022
|
2 Bed
|
1 Bath
|
830 ft²
|
$259,900
2 Bed
1 Bath
830 ft²
|
$305,000
+17.35%
07/14/2022
|
Sima Rotenberg
RE/MAX 360
| |
|
06/28/2021
|
1 Bed
|
1 Bath
|
719 ft²
|
$239,900
1 Bed
1 Bath
719 ft²
|
$230,000
-4.13%
09/07/2021
|
John McCourt
William Raveis R. E. & Home Services
| |
|
03/03/2021
|
Studio
|
1 Bath
|
480 ft²
|
$145,000
Studio
1 Bath
480 ft²
|
$148,000
+2.07%
04/15/2021
|
Paige Cadogan
Gibson Sotheby's International Realty
| |
|
09/19/2019
|
Studio
|
1 Bath
|
480 ft²
|
$128,000
Studio
1 Bath
480 ft²
|
$129,000
+0.78%
10/25/2019
|
Lucia Fosco
W. Henry Estates LLC
| |
|
06/05/2019
|
2 Bed
|
1 Bath
|
830 ft²
|
$224,900
2 Bed
1 Bath
830 ft²
|
$235,000
+4.49%
07/15/2019
|
Lisa Dooley
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
10/04/2018
|
2 Bed
|
1 Bath
|
830 ft²
|
$199,000
2 Bed
1 Bath
830 ft²
|
$210,000
+5.53%
10/31/2018
|
Trifecta Sale Team
Suffolk Real Estate, LLC
| |
|
07/01/2018
|
2 Bed
|
1 Bath
|
792 ft²
|
$190,000
2 Bed
1 Bath
792 ft²
|
$210,000
+10.53%
08/03/2018
|
Marilyn Ellis
Leading Edge Real Estate
| |
|
01/17/2018
|
2 Bed
|
1 Bath
|
830 ft²
|
$169,900
2 Bed
1 Bath
830 ft²
|
$201,000
+18.30%
02/28/2018
|
The Optimium Team
eXp Realty LLC - Corporate Office
| |
|
06/22/2017
|
1 Bed
|
1 Bath
|
719 ft²
|
$168,500
1 Bed
1 Bath
719 ft²
|
$160,000
-5.04%
08/31/2017
|
Team Cotraro - Mike & Mary
RE/MAX Advantage Real Estate
| |
|
06/13/2016
|
Studio
|
1 Bath
|
480 ft²
|
$104,900
Studio
1 Bath
480 ft²
|
$103,300
-1.53%
08/11/2016
|
Gerald Contrada
Coldwell Banker Residential Brokerage - Haverhill
| |
|
01/23/2016
|
Studio
|
1 Bath
|
480 ft²
|
$99,999
Studio
1 Bath
480 ft²
|
$99,999
03/01/2016
|
Michael Rumsey
Keller Williams Realty
| |
|
03/25/2015
|
2 Bed
|
1 Bath
|
830 ft²
|
$169,900
2 Bed
1 Bath
830 ft²
|
$165,000
-2.88%
04/30/2015
|
Rodrigo Serrano
Leading Edge Real Estate
| |
|
08/02/2014
|
1 Bed
|
1 Bath
|
470 ft²
|
$103,900
1 Bed
1 Bath
470 ft²
|
$93,000
-10.49%
03/05/2015
|
Kennia Mejia
Century 21 North East
| |
|
08/02/2014
|
1 Bed
|
1 Bath
|
470 ft²
|
$103,900
1 Bed
1 Bath
470 ft²
|
$93,000
-10.49%
03/05/2015
|
Janine Sawyer Standley
KSRJ - Signature Realty Group
| |
|
02/19/2014
|
1 Bed
|
1 Bath
|
719 ft²
|
$139,900
1 Bed
1 Bath
719 ft²
|
$139,000
-0.64%
03/26/2014
|
Eileen Maxcy
Coldwell Banker Realty - Andover
| |
|
12/04/2013
|
2 Bed
|
1 Bath
|
830 ft²
|
$159,900
2 Bed
1 Bath
830 ft²
|
$155,000
-3.06%
01/31/2014
|
Robert Corwin
Century 21 North East
| |
|
07/20/2013
|
2 Bed
|
1 Bath
|
792 ft²
|
$90,000
2 Bed
1 Bath
792 ft²
|
$117,499
+30.55%
11/29/2013
|
Janet Boccelli
Vylla Home
| |
|
06/01/2012
|
2 Bed
|
1 Bath
|
966 ft²
|
$137,500
2 Bed
1 Bath
966 ft²
|
$130,000
-5.45%
07/25/2012
|
Thomas Anderson
Anderson Treacy Real Estate
| |
|
03/01/2012
|
2 Bed
|
1 Bath
|
830 ft²
|
$124,500
2 Bed
1 Bath
830 ft²
|
$125,200
+0.56%
05/31/2012
|
Norma King
Prudential Howe & Doherty
| |
|
06/06/2011
|
2 Bed
|
1 Bath
|
830 ft²
|
$137,900
2 Bed
1 Bath
830 ft²
|
-
-
|
Norma King
Prudential Howe & Doherty
| |
|
12/08/2009
|
2 Bed
|
1 Bath
|
792 ft²
|
$131,500
2 Bed
1 Bath
792 ft²
|
$128,000
-2.66%
03/29/2010
|
Ron Morrison
MA Real Estate Center
| |
|
05/01/2009
|
1 Bed
|
1 Bath
|
470 ft²
|
$69,900
1 Bed
1 Bath
470 ft²
|
$69,900
06/26/2009
|
Kenny Olson
New England Group Services Inc.
| |
|
01/23/2009
|
2 Bed
|
1 Bath
|
830 ft²
|
$164,900
2 Bed
1 Bath
830 ft²
|
$160,000
-2.97%
04/17/2009
|
Thomas Carroll
Conway - Hanover
| |
|
01/19/2008
|
2 Bed
|
1 Bath
|
830 ft²
|
$179,000
2 Bed
1 Bath
830 ft²
|
$179,900
+0.50%
02/29/2008
|
Jaclyn Painchaud
7 Hills Real Estate
| |
|
12/28/2006
|
1 Bed
|
1 Bath
|
832 ft²
|
$139,900
1 Bed
1 Bath
832 ft²
|
$130,000
-7.08%
02/28/2007
|
Mary Reynolds
Dewolfe-Andover
| |
|
04/21/2006
|
Studio
|
1 Bath
|
480 ft²
|
$125,000
Studio
1 Bath
480 ft²
|
$117,000
-6.40%
06/28/2006
|
Mary Reynolds
Dewolfe-Andover
| |
|
06/20/2005
|
2 Bed
|
1 Bath
|
792 ft²
|
$189,900
2 Bed
1 Bath
792 ft²
|
$195,000
+2.69%
07/29/2005
|
Rick Nazzaro
Colonial Manor Realty
| |
|
07/11/2004
|
1 Bed
|
1 Bath
|
719 ft²
|
$174,900
1 Bed
1 Bath
719 ft²
|
$170,000
-2.80%
10/14/2004
|
Daniel Fabbri
Century 21 Advance Realty
| |
|
06/10/2004
|
1 Bed
|
1 Bath
|
832 ft²
|
$164,900
1 Bed
1 Bath
832 ft²
|
$160,900
-2.43%
07/14/2004
|
Donald Truitt
Century 21 Spindler & O'Neil Associates
| |
|
04/15/2003
|
1 Bed
|
1 Bath
|
660 ft²
|
$129,900
1 Bed
1 Bath
660 ft²
|
$125,000
-3.77%
09/22/2003
|
Rick Nazzaro
Colonial Manor Realty
| |
|
11/20/2002
|
2 Bed
|
1 Bath
|
792 ft²
|
$164,900
2 Bed
1 Bath
792 ft²
|
$159,000
-3.58%
06/20/2003
|
Nancy Fudge
Fudge Properties
| |
|
06/05/2002
|
1 Bed
|
1 Bath
|
866 ft²
|
$154,900
1 Bed
1 Bath
866 ft²
|
$151,900
-1.94%
08/30/2002
|
Sally Carreiro
Coldwell Banker Residential Brokerage - Somerville
| |
|
02/08/2002
|
1 Bed
|
1 Bath
|
719 ft²
|
$109,900
1 Bed
1 Bath
719 ft²
|
$114,000
+3.73%
04/12/2002
|
Rick Nazzaro
Colonial Manor Realty
| |
|
07/13/2001
|
2 Bed
|
1 Bath
|
792 ft²
|
$134,900
2 Bed
1 Bath
792 ft²
|
$134,900
10/09/2001
|
Bobbie Botticelli
Colonial Manor Realty
| |
|
07/13/1999
|
2 Bed
|
1 Bath
|
792 ft²
|
$99,900
2 Bed
1 Bath
792 ft²
|
$100,000
+0.10%
10/08/1999
|
Bobbie Botticelli
Colonial Manor Realty
| |
|
03/02/1999
|
1 Bed
|
1 Bath
|
832 ft²
|
$73,900
1 Bed
1 Bath
832 ft²
|
$70,000
-5.28%
06/30/1999
|
Mary Reynolds
Dewolfe-Andover
| |
|
11/22/1997
|
Studio
|
1 Bath
|
480 ft²
|
$39,900
Studio
1 Bath
480 ft²
|
$38,000
-4.76%
12/31/1997
|
Beth Poulo
Beth Poulo
| |
|
02/28/1996
| |
2 Bed
|
1 Bath
|
792 ft²
|
$68,900
2 Bed
1 Bath
792 ft²
|
$68,000
-1.31%
04/23/1996
|
M. Joan Medeiros
Coldwell Banker Realty - Andover
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017