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Essex 01810
2 Will O'way
$588,900
● House - Off Market

2 Will O'way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,540 Ft²
$1,282,296
RealtyHop Estimate
117.38%
Since Dec 1, 2002
MA-Boston
Primary Model

About This Property

IMMAC. COL. W/ATT.2-CAR GAR.&ONE-ACRE PRIV.LOT ON CUL-DE-SAC NR SANBORN SCH. BEAUT. REFIN. HDWAD FLRS,NEW KITCHEN W/GRANI TE CNTR ISLAND, BOSCH APPLIANCES,FR W/FRENCH DRS TO 4-SEASON SKYLIT SUN RM, FORMAL DR & LR. LWN SPRINKLRS, TOWN SEWER.
Unit Size
2,540 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$232
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1975

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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 #30645706)

Price History

Date / Event Date Event Price
Nov 26, 2002 Sold
Premium
Sold
Sep 12, 2002 Listed by William Raveis R.E. & Home Services $589,900
Listed by William Raveis R.E. & Home Services
IMMAC. COL. W/ATT.2-CAR GAR.&ONE-ACRE PRIV.LOT ON CUL-DE-SAC NR SANBORN SCH. BEAUT. REFIN. HDWAD FLRS,NEW KITCHEN W/GRANI TE CNTR ISLAND, BOSCH APPLIANCES,FR W/FRENCH DRS TO 4-SEASON SKYLIT SUN RM, FORMAL DR & LR. LWN SPRINKLRS, TOWN SEWER.
Aug 1, 2001 Sold
Premium
Sold
Apr 6, 2001 Listed by Prudential Howe & Doherty $539,900
Listed by Prudential Howe & Doherty
Jun 9, 2000 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,258
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,865
  • Total Building Area: 2,554
  • Gross Building Area: 4,388
  • Building Area: 2,554
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,554
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CABOT ST CONDO
  • Land Acres: 0000001007
  • 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:00134 B:00009 L:0000B
  • Block: 9
  • Lot: B
  • Municipality: ANDOVER
  • Latitude: 42.6469
  • Longitude: -71.178

    Address

  • Full Address: 2 Will O Way
  • Address - House Number: 2
  • Address - Street Name: Will O
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: C012
  • 4-Digit Zip Code: 4635
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,126,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 78
  • Final Value: 1,046,100
  • High Value: 1,221,926
  • Low Value: 870,274

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $824,900
  • Assessed Land Value: $457,900
  • Assessed Improvements Value: $367,000

    Sales

  • Current Sale Recording Date: Aug 01, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 09, 2000
  • Previous Sale Amount: $245,000
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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: 5 months ago
Data Source: MLS PIN, MLS# 30645706

Frequently Asked Questions

When was property at 2 Will O Way built and last sold?
The property at 2 Will O Way was built in 1975 and last sold on Jan 1, 1970 for $531,000.
How much is this home worth?
The estimated value of the home located at 2 Will O Way is $609,501.
What are some comparable homes to 2 Will O Way?
There are currently no comparable homes to 2 Will O Way.
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