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Essex 01810
2 Hickory Lane
$604,500
● House - Off Market

2 Hickory Lane

Andover, MA 01810
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,999 Ft²
$1,272,456
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

NOT YOUR TYPICAL COLONIAL! BUMPING INTO EVERYBODY?? BIG ROOMS! MANY ROOMS! ROOM FOR RELATIVES, IN-LAWS, NANNY, ETC! 2 spacious family rms (1st & 2nd flrs), 1st flr private master bedrm & bath, 14 rms, 6 bedrms, 4.5 baths, 2nd flr laundry rm, at home office & hobby space galore. Private, level lot on town sewer w/patio, inground pool & backyard basketball area. Most convenient sought after neighborhood seconds to schools, town & highway! NEED CONVENIENCE, SPACE, LOW MAINTENANCE? DON'T MISS THIS!
Unit Size
4,999 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$125
Property Type
House
Property Taxes
$736
HOA Dues
-
Year Built
1960

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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 #71292855)

Price History

Date / Event Date Event Price
Aug 30, 2012 Sold
Premium
Sold
Sep 27, 2011 Listed by Coldwell Banker Residential Brokerage - Andover $625,000
Listed by Coldwell Banker Residential Brokerage - Andover
Jan 11, 2005 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 8
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 1,536
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 4,999
  • Gross Building Area: 7,603
  • Building Area: 4,999
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 4,999
  • Heating Fuel Type: 3

    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: 254403

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00111 B:00005 L:00000
  • Block: 5
  • Municipality: ANDOVER
  • Latitude: 42.6505
  • Longitude: -71.1687

    Address

  • Full Address: 2 Hickory Ln
  • Address - House Number: 2
  • Address - Street Name: Hickory
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C012
  • 4-Digit Zip Code: 4605
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,337,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,204,120
  • High Value: 1,390,900
  • Low Value: 1,017,339

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $979,400
  • Assessed Land Value: $415,100
  • Assessed Improvements Value: $564,300

    Sales

  • Current Sale Recording Date: Aug 30, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Jan 11, 2005
  • Previous Sale Amount: $25,000
  • 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# 71292855

Frequently Asked Questions

When was property at 2 Hickory Lane built and last sold?
The property at 2 Hickory Lane was built in 1960 and last sold on Jan 1, 1970 for $604,500.
How much is this home worth?
The estimated value of the home located at 2 Hickory Lane is $629,594.
What are some comparable homes to 2 Hickory Lane?
There are currently no comparable homes to 2 Hickory Lane.
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