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Essex 01810
2 Olde Berry Rd
$550,000
● House - Off Market

2 Olde Berry Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,554 Ft²
$636,454
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Great opportunity for a 3 BR home in Andover.  Conveniently located within a mile between downtown Andover and also to route 495.  The home has been well maintained by the same owners for 25 years.  The 1st level offers a modern kitchen and bath.  Not new, but not original and both were down within past 18 years.  3 generous bedrooms, and open dining and living room area.  The lower level is a large family room with tiled flooring and an additional half bathroom with laundry hookups.  Also on this level is ample storage and a garage.  Large trex (composite) decking installed in 2021. Serene setting on the large back deck. Easy to clean vinyl fencing around front and side yards, installed just 5 years ago. The property itself is very private with protected wooded area.
Unit Size
1,554 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$385
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1974

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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 #73025880)

Price History

Date / Event Date Event Price
Oct 13, 2022 Sold
Premium
Sold
Aug 16, 2022 Listed by Keller Williams Realty Evolution $599,000
Listed by Keller Williams Realty Evolution
Jun 12, 1997 Sold
Premium
Sold
Apr 14, 1997 Listed by Keller Williams Realty Evolution $239,500
Listed by Keller Williams Realty Evolution
Apr 30, 1992 Sold
Premium
Sold

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • 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: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,228
  • Total Building Area: 1,554
  • Gross Building Area: 3,064
  • Building Area: 1,554
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,554
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000717
  • 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:00019 B:00128 L:0000A
  • Block: 128
  • Lot: A
  • Municipality: ANDOVER
  • Latitude: 42.6711
  • Longitude: -71.1376

    Address

  • Full Address: 2 Olde Berry Rd
  • Address - House Number: 2
  • Address - Street Name: Olde Berry
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C019
  • 4-Digit Zip Code: 2738
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $755,400

    Appraisal Valuation

  • Standard Deviation: 0.2195
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 607,605
  • High Value: 741,021
  • Low Value: 474,189

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $553,000
  • Assessed Land Value: $330,600
  • Assessed Improvements Value: $222,400

    Sales

  • Current Sale Contract Date: Oct 13, 2022
  • Current Sale Recording Date: Oct 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23916
  • Previous Sale Recording Date: Jun 12, 1997
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73025880

Frequently Asked Questions

When was property at 2 Olde Berry Road built and last sold?
The property at 2 Olde Berry Road was built in 1974 and last sold on Oct 13, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 2 Olde Berry Road is $590,039.
What are some comparable homes to 2 Olde Berry Road?
There are currently no comparable homes to 2 Olde Berry Road.
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