$470,500
●
Condo -
Off Market
24 Michael Way #0
Andover, MA 01810
2 Beds
3 Baths,
1
Half Bath
2,002 Ft²
$778,909
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model
About This Property
TOTAL TOP-OF-THE-LINE RENOVATION THROUGHOUT! Includes white wood
KIT cabinets w/under-mounted lighting, granite counters, stone
backsplash, SS appl, gas range, & HW floors. Kitchen flows to DR,
then steps down to LR w/recently installed recessed lighting, wood
fireplace w/new stone surround & mantel. Serene 1st fl office
w/slider access & wall of windows to your own private courtyard.
New guest powder room & laundry complete 1st flf. 2-story foyer
steps up to spacious 2nd flr with 2 BRs including master bedroom
suite with vaulted ceiling, slider to private balcony, & renovated
bath with new marble double vanity, tile, and Jacuzzi tub. Add'l
beautifully renovated full bath for guests too. Finished LL offers
entertainment rm, & large closeted bonus rm perfect for
exercise/guests. ALL NEW: water tank, air handler, electrical
fixtures/chandeliers, sliders, bath enclosure, front door,
doorbell, ceiling fan, window blinds, BR wood floors. Close to
Andover Center, train, Rte 93. WOW!
Unit Size
2,002 Ft²
Days on Market
-
Land Size
-
Price per sqft
$235
Property Type
Condo
Property Taxes
$485
HOA Dues
$423
Year Built
1989
Payment Calculator
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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 years ago (MLSPIN #72060445)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2016 | Sold | ||
| Sold | |||
| Aug 31, 2016 | Listed by William Raveis R.E. & Home Services | $469,900 | |
| Listed by William Raveis R.E. & Home Services | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: Main
Width: 10
Length: 14
Features: Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove
Area: 140
Level: Second
Area: 48
Width: 6
Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled
Length: 8
Area: 48
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Remodeled, Washer Hookup
Length: 8
Level: Main
Width: 6
Level: First
Features: Closet, Flooring - Hardwood
Width: 14
Length: 16
Area: 224
Width: 12
Features: Flooring - Hardwood, French Doors, Chair Rail, Open Floorplan
Length: 13
Level: Main
Area: 156
Length: 17
Level: Main
Area: 238
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Cable Hookup, Open Floorplan, Recessed Lighting, Remodeled
Width: 14
Width: 10
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Cabinets - Upgraded, Double Vanity, Remodeled
Level: Second
Area: 120
Length: 12
Features: Cathedral Ceiling(s), Ceiling Fan(s), Closet, Flooring - Hardwood, Balcony / Deck, Cable Hookup, Slider
Level: First
Length: 14
Width: 13
Area: 182
Length: 11
Level: Main
Area: 77
Features: Flooring - Hardwood, French Doors, Deck - Exterior, Exterior Access, Open Floor Plan, Remodeled, Slider
Width: 7
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Open Floorplan, Slider, Closet, Cable Hookup, Office, Foyer, Exercise Room, Game Room, Mud Room, Central Vacuum
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Vacuum System, Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
Laundry Features: Flooring - Stone/Ceramic Tile, Main Level, Electric Dryer Hookup, Remodeled, Washer Hookup, First Floor, In Unit
Rooms: 8
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, Garage Door Opener, Storage, Deeded, Garage Faces Side, Off Street, Common, Guest
Garage Spaces: 1
Exterior Details
Has Property Attached
Entry Level: 1
Security Features: Security System
Property Condition: Updated/Remodeled, Remodeled
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Abbot's Pond
Structure Type: Townhouse, Attached
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Deck - Exterior, Deck - Wood
Lead Paint: None
Lot Size Units: Acres
Zoning: SRB
Parcel Number: 1841560
Water Source: Public, Individual Meter
Financial Details
Tax Map Number: 93
Tax Assessed Value: $393,000
Tax Annual Amount: $5,824
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air, Individual, Unit Control
Heating Type: Central, Forced Air, Natural Gas, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
Association Fee Frequency: Monthly
HOA Fee: $423
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Conservation Area, Highway Access
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/31/2016
| |
2 Bed
|
2 Bath
|
2002 ft²
|
$469,900
2 Bed
2 Bath
2002 ft²
|
$470,500
+0.13%
10/18/2016
|
Ellen Munick
Compass
|
|
05/01/2015
|
2 Bed
|
3 Bath
|
1754 ft²
|
$374,900
2 Bed
3 Bath
1754 ft²
|
$365,000
-2.64%
10/13/2015
|
The Forzese Group
RE/MAX On The River, Inc.
| |
|
10/20/2010
|
2 Bed
|
2 Bath
|
2001 ft²
|
$429,000
2 Bed
2 Bath
2001 ft²
|
-
-
|
Arlene Santangelo
Keller Williams - Bonita Springs
| |
|
02/19/2005
|
2 Bed
|
2 Bath
|
1754 ft²
|
$409,900
2 Bed
2 Bath
1754 ft²
|
$399,900
-2.44%
05/16/2005
|
Nuala Boness
Coldwell Banker Realty - Andover
| |
|
11/09/2001
|
2 Bed
|
3 Bath
|
1754 ft²
|
$379,900
2 Bed
3 Bath
1754 ft²
|
$360,000
-5.24%
03/15/2002
|
Jeanne Marrazzo
RE/MAX Preferred Properties
| |
|
08/08/1999
|
2 Bed
|
3 Bath
|
1754 ft²
|
$299,900
2 Bed
3 Bath
1754 ft²
|
$299,900
09/30/1999
|
Linda Cutter
Re/max Preferred, Inc.
|
Building Info
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