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Essex 01810
2 Newman Hill Drive
$1,025,000
● House - Off Market

2 Newman Hill Drive

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,327 Ft²
$1,873,979
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

LOOKING FOR A REFRESHINGLY DIFFERENT FLOORPLAN?  This Contemporary Col with stunning 2-story marble foyer, banquet-sized DR, step-down Fam Rm, LARGE gourmet KIT w/ over-sized breakfast area, granite  on a  level cul-de-sac w/ all town services will wow you. Four BIG BRMS, 3.5 BTHS, high ceilings &  a large BONUS RM over the attached 3-car GAR. Light pours in through the large windows with transoms. This home is in super condition.  Convenient to Andover Ctr and Rte 93. Call today!
Unit Size
4,327 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$228
Property Type
House
Property Taxes
$1,356
HOA Dues
-
Year Built
1996

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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 #71527420)

Price History

Date / Event Date Event Price
Jul 26, 2013 Sold
Premium
Sold
May 17, 2013 Listed by Prudential Howe & Doherty $984,900
Listed by Prudential Howe & Doherty
Feb 17, 1999 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,844
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,922
  • Total Building Area: 4,327
  • Gross Building Area: 7,193
  • Building Area: 4,327
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,327
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000802
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254401

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00092 B:00036 L:0000D
  • Block: 36
  • Lot: D
  • Municipality: ANDOVER
  • Latitude: 42.6453
  • Longitude: -71.1602

    Address

  • Full Address: 2 Newman Hill Dr
  • Address - House Number: 2
  • Address - Street Name: Newman Hill
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C003
  • 4-Digit Zip Code: 4751
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,013,600

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,731,199
  • High Value: 2,026,582
  • Low Value: 1,435,815

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,474,100
  • Assessed Land Value: $566,200
  • Assessed Improvements Value: $907,900

    Sales

  • Current Sale Recording Date: Jul 26, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Feb 17, 1999
  • Previous Sale Amount: $800,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71527420

Frequently Asked Questions

When was property at 2 Newman Hill Drive built and last sold?
The property at 2 Newman Hill Drive was built in 1996 and last sold on Jan 1, 1970 for $1,025,000.
How much is this home worth?
The estimated value of the home located at 2 Newman Hill Drive is $1,030,881.
What are some comparable homes to 2 Newman Hill Drive?
There are currently no comparable homes to 2 Newman Hill Drive.
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