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Andover 01810
2 Shipman Rd
Photo of 2 Shipman Rd
Sold on Oct 2, 2006

1

Map

$640,000
● House - Off Market

2 Shipman Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,556 Ft²
$1,279,747
RealtyHop Estimate
85.50%
Since Nov 1, 2006
MA-Boston
Primary Model

About This Property

Johnson Acres! This exceptional cape was carefully renovated in 2000 and features a new granite country kitchen with a step down sun/family room with gas fireplace.The living room is ornate with wood floors, built-ins, and a fireplace.  The master bedroom has a private balcony, 2 spacious walk-in closets and and a fabulous master bath with a multi head shower and whirlpool tub. Additional amenities include central air, second floor laundry, and a fully "wired" den for video and sound lovers.
Unit Size
2,556 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$270
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
1952

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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 #70353378)

Price History

Date / Event Date Event Price
Jul 21, 2016 Sold
Premium
Sold
Oct 2, 2006 Sold
Premium
Sold
Mar 23, 2006 Listed $689,900
Listed
Oct 17, 2000 Sold
Premium
Sold
Jul 26, 2000 Listed $345,000
Listed
CUSTOM BUILT CAPE-SMOOTH CEILINGS, PLASTER WALLS, SCREENED PORCH. WALK-UP ATTIC.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,877
  • Total Building Area: 2,556
  • Gross Building Area: 4,563
  • Building Area: 2,556
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,556
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHNSON ACRES
  • Land Acres: 0000000250
  • 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:00020 B:00113 L:00000
  • Block: 113
  • Municipality: ANDOVER
  • Latitude: 42.664
  • Longitude: -71.1336

    Address

  • Full Address: 2 Shipman Rd
  • Address - House Number: 2
  • Address - Street Name: Shipman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C004
  • 4-Digit Zip Code: 1716
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,182,800

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,014,622
  • High Value: 1,187,740
  • Low Value: 841,503

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $865,900
  • Assessed Land Value: $471,800
  • Assessed Improvements Value: $394,100

    Sales

  • Current Sale Recording Date: Jul 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18064
  • Previous Sale Recording Date: Oct 02, 2006
  • Previous Sale Amount: $640,000
  • 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 Andover

Stats & Trends

Median Asking:

$899,900

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3075 ft²

Average Home Age

81.3 years

Currently For Sale

19 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: 5 months ago
Data Source: MLS PIN, MLS# 70353378

Frequently Asked Questions

When was property at 2 Shipman Road built and last sold?
The property at 2 Shipman Road was built in 1952 and last sold on Jan 1, 1970 for $752,000.
How much is this home worth?
The estimated value of the home located at 2 Shipman Road is $718,755.
What are some comparable homes to 2 Shipman Road?
There are currently no comparable homes to 2 Shipman Road.
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