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Essex 01810
2 Princeton Avenue
$365,000
● House - Off Market

2 Princeton Avenue

Andover, MA 01810
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,061 Ft²
$587,960
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Welcome to Shawsheen Heights!  This adorable Cape offers beautiful hardwood flooring throughout 1st & 2nd floors (except full bath).  Coffered ceiling and surround sound ready in living room, light and bright dining room opens to large kitchen with island, recessed lighting, and newer stainless steel appliances.   Two good-sized bedrooms, including  surround sound ready and skylight in master bedroom. Full bath with newer vanity.  Full basement with plenty of room for storage.  Enjoy the outdoors on your farmer's porch or in the fenced in yard with colorful plantings in front and rear yard. Move right in and enjoy this terrific neighborhood.  Showings start TODAY!
Unit Size
1,061 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$349
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1925

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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: 5 months ago (MLSPIN #72218923)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
Apr 21, 2021 Listed by Coldwell Banker Residential Brokerage - Tewksbury $430,000
Listed by Coldwell Banker Residential Brokerage - Tewksbury
Oct 27, 2017 Sold
Premium
Sold
Aug 25, 2017 Listed by Coldwell Banker Residential Brokerage - Tewksbury $369,900
Listed by Coldwell Banker Residential Brokerage - Tewksbury
Mar 28, 2013 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 588
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,039
  • Gross Building Area: 1,831
  • Building Area: 1,039
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,039
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRYE VILLAGE
  • Land Acres: 0000000115
  • 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:00051 B:00212 L:00000
  • Block: 212
  • Municipality: ANDOVER
  • Latitude: 42.6764
  • Longitude: -71.1566

    Address

  • Full Address: 2 Princeton Ave
  • Address - House Number: 2
  • Address - Street Name: Princeton
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Andover
  • Carrier Code: C010
  • 4-Digit Zip Code: 2526
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $635,300

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 506,791
  • High Value: 598,653
  • Low Value: 414,928

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $465,100
  • Assessed Land Value: $294,000
  • Assessed Improvements Value: $171,100

    Sales

  • Current Sale Contract Date: Jul 08, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22914
  • Previous Sale Recording Date: Oct 27, 2017
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: O
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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72218923

Frequently Asked Questions

When was property at 2 Princeton Avenue built and last sold?
The property at 2 Princeton Avenue was built in 1925 and last sold on Jul 8, 2021 for $425,000.
How much is this home worth?
The estimated value of the home located at 2 Princeton Avenue is $427,828.
What are some comparable homes to 2 Princeton Avenue?
There are currently no comparable homes to 2 Princeton Avenue.
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