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Essex 01810
2 Embassy Ln
$815,000
● House - Off Market

2 Embassy Ln

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,095 Ft²
$723,125
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

OPEN HOUSE CANCELLED 7/1. Attractive multi-level home on very desirable South Andover cul-de-sac. Living room with fireplace, dining room with bay window and kitchen on the main level, and a few steps up to the three bedrooms including a primary bedroom with 3/4 bathroom and common bath with laundry.  Hardwood floors on the two main levels. Large family room plus den/office and half bath on the lower level. Two car attached garage. This well maintained home has many updates including newer roof, replacement windows, newer garage doors and exterior recently painted.  Lovely yard that abuts wooded private area. Storage shed for the extra toys, sporting goods and yard equipment. A rare good value find in today's market. Home is available for a quick closing.
Unit Size
2,095 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$346
Property Type
House
Property Taxes
$731
HOA Dues
-
Year Built
1965

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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 #73130315)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jul 1, 2023 In contract -
In contract
Jun 28, 2023 Listed by Keller Williams Realty $725,000
Listed by Keller Williams Realty
Jun 1, 1977 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,396
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,995
  • Total Building Area: 2,095
  • Gross Building Area: 2,947
  • Building Area: 2,095
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,095
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00045 B:00070 L:00000
  • Block: 70
  • Municipality: ANDOVER
  • Latitude: 42.623
  • Longitude: -71.1166

    Address

  • Full Address: 2 Embassy Ln
  • Address - House Number: 2
  • Address - Street Name: Embassy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C024
  • 4-Digit Zip Code: 5741
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $877,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 788,848
  • High Value: 923,436
  • Low Value: 654,259

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $642,400
  • Assessed Land Value: $415,000
  • Assessed Improvements Value: $227,400

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 12092
  • Previous Sale Recording Date: Jun 01, 1977
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 27
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 73130315

Frequently Asked Questions

When was property at 2 Embassy Lane built and last sold?
The property at 2 Embassy Lane was built in 1965 and last sold on Jul 28, 2023 for $815,000.
How much is this home worth?
The estimated value of the home located at 2 Embassy Lane is $746,250.
What are some comparable homes to 2 Embassy Lane?
There are currently no comparable homes to 2 Embassy Lane.
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