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Essex 01810
24 Fleming Ave (Lot 1)
$737,000
● House - Off Market

24 Fleming Ave (Lot 1)

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,000 Ft²
$1,083,705
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

ONLY NEW SUB-DIVISION IN ANDOVER UNDER $1M! This BRAND NEW 2X6 CONSTRUCTION, energy efficient Colonial, THE BALMORAL, features a lovely open floor plan first level with a spacious eat-in kitchen that opens to the dining room and family room with fireplace. The formal living room/study and half bath complete the first floor. Head upstairs to your Master suite with walk-in closet and full bath, as well as 2 additional bedrooms and full baths. The third level offers a bonus room, fourth bedroom and full bath. This amazing subdivision is near downtown Andover & has several floor plans to choose from with prices starting at $749,900! This new construction is on Town Water & Town Sewer! Entire Yard Fenced! FIRST AND SECOND FLOOR ALL HARDWOOD FLOORING!
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$247
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

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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 #72520518)

Price History

Date / Event Date Event Price
Oct 1, 2019 Sold
Premium
Sold
Jun 18, 2019 Listed by Lillian Montalto Signature Properties $739,900
Listed by Lillian Montalto Signature Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,432
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,120
  • Total Building Area: 3,238
  • Gross Building Area: 5,122
  • Building Area: 3,238
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,238
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000347
  • 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:00018 B:00116 L:00000
  • Block: 116
  • Municipality: ANDOVER
  • Latitude: 42.674
  • Longitude: -71.1439

    Address

  • Full Address: 24 Fleming Ave
  • Address - House Number: 24
  • Address - Street Name: Fleming
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Andover
  • Carrier Code: C006
  • 4-Digit Zip Code: 1404
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,268,900

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,032,001
  • High Value: 1,207,468
  • Low Value: 856,535

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $928,900
  • Assessed Land Value: $326,500
  • Assessed Improvements Value: $602,400

    Sales

  • Current Sale Contract Date: Sep 30, 2019
  • Current Sale Recording Date: Oct 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24308
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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: 4 months ago
Data Source: MLS PIN, MLS# 72520518

Frequently Asked Questions

When was property at 24 Fleming Avenue built and last sold?
The property at 24 Fleming Avenue was built in 2018 and last sold on Sep 30, 2019 for $737,000.
How much is this home worth?
The estimated value of the home located at 24 Fleming Avenue is $768,756.
What are some comparable homes to 24 Fleming Avenue?
There are currently no comparable homes to 24 Fleming Avenue.
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