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Essex 01810
22 Launching Road
$526,000
● House - Off Market

22 Launching Road

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,416 Ft²
$1,145,513
RealtyHop Estimate
112.53%
Since Apr 1, 2004
National-US
Primary Model

About This Property

4 BEDRM GARRISON COLONIAL AT END OF CUL-DE-SAC ACROSS FROM CONSERVATION TRAILS ON .7 ACRE OPEN YARD. NEW SUNROOM WITH SKYLIGHTS & GAS STOVE, FIREPLACED FAMILY RM. SELLER TO CONNECT TO TOWN SEWER PRIOR TO CLOSING.
Unit Size
2,416 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$223
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1973

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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 #30793447)

Price History

Date / Event Date Event Price
Mar 19, 2004 Sold
Premium
Sold
Nov 28, 2003 Listed by Coldwell Banker Residential Brokerage - North Andover $539,000
Listed by Coldwell Banker Residential Brokerage - North Andover

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,352
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,509
  • Total Building Area: 2,416
  • Gross Building Area: 4,052
  • Building Area: 2,416
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,416
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 5722
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254402

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00204 B:00024 L:0000C
  • Block: 24
  • Lot: C
  • Municipality: ANDOVER
  • Latitude: 42.6812
  • Longitude: -71.2243

    Address

  • Full Address: 22 Launching Rd
  • Address - House Number: 22
  • Address - Street Name: Launching
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: R007
  • 4-Digit Zip Code: 2426
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,006,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 955,425
  • High Value: 1,103,629
  • Low Value: 807,222

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $736,800
  • Assessed Land Value: $412,300
  • Assessed Improvements Value: $324,500

    Sales

  • Current Sale Recording Date: Mar 19, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 11027
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

2546 ft²

Average Home Age

73.2 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30793447

Frequently Asked Questions

When was property at 22 Launching Road built and last sold?
The property at 22 Launching Road was built in 1973 and last sold on Jan 1, 1970 for $526,000.
How much is this home worth?
The estimated value of the home located at 22 Launching Road is $562,469.
What are some comparable homes to 22 Launching Road?
There are currently no comparable homes to 22 Launching Road.
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