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Essex 01810
22 Ivy Lane
$621,000
● House - Off Market

22 Ivy Lane

Andover, MA 01810
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,130 Ft²
$1,108,889
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

Great Colonial home in the new Bancroft/Doherty school district, just minutes to downtown, highway access and public transportation. Gorgeous level lot on a double cul de sac. This well maintained home features an eat-in kitchen, formal living room with fireplace, formal dining room,office/5th BR, 3/4 bath, family room w/built-in bookcases, and a screened in porch all on the first floor. The second floor has 4 good size bedrooms and two full baths. Lower level has a nicely finished game room with built-ins, workshop and storage space. Double pane windows and hardwood floors. Generator remains as a 'gift' to the Buyers.
Unit Size
3,130 Ft²
Days on Market
-
Land Size
0.89 acres
Price per sqft
$201
Property Type
House
Property Taxes
$669
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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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 #71804068)

Price History

Date / Event Date Event Price
May 1, 2015 Sold
Premium
Sold
Mar 20, 2015 Listed by William Raveis R.E. & Home Services $629,900
Listed by William Raveis R.E. & Home Services
Jan 9, 2003 Sold
Premium
Sold
Aug 14, 2002 Listed by William Raveis R.E. & Home Services $569,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,148
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,882
  • Total Building Area: 3,270
  • Gross Building Area: 5,039
  • Building Area: 3,270
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,270
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000893
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00044 B:00014 L:00000
  • Block: 14
  • Municipality: ANDOVER
  • Latitude: 42.629
  • Longitude: -71.1174

    Address

  • Full Address: 22 Ivy Ln
  • Address - House Number: 22
  • Address - Street Name: Ivy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C024
  • 4-Digit Zip Code: 5018
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,130,000

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,031,344
  • High Value: 1,207,315
  • Low Value: 855,372

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $827,200
  • Assessed Land Value: $443,600
  • Assessed Improvements Value: $383,600

    Sales

  • Current Sale Recording Date: May 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9888
  • Previous Sale Recording Date: Jan 09, 2003
  • Previous Sale Amount: $550,000
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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# 71804068

Frequently Asked Questions

When was property at 22 Ivy Lane built and last sold?
The property at 22 Ivy Lane was built in 1965 and last sold on Jan 1, 1970 for $621,000.
How much is this home worth?
The estimated value of the home located at 22 Ivy Lane is $637,365.
What are some comparable homes to 22 Ivy Lane?
There are currently no comparable homes to 22 Ivy Lane.
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