$365,000
●
Condo -
Off Market
24 Michael Way #24
Andover, MA 01810
2 Beds
3 Baths,
1
Half Bath
1,754 Ft²
$655,154
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model
About This Property
Spacious 3 level Townhome located in convenient & desirable
"Abbot's Pond" Condominium! Inside this unit you'll find a 2 story
foyer, hardwood floors, fireplace living room and eat in kitchen
with granite counters and breakfast bar. The formal dining room
with French doors leads you to a private first floor office.
Upstairs you'll find 2 bedrooms including a master suite with
cathedral ceiling and a private balcony overlooking backyard. The
lower level is finished and includes a large family room,
study/office and new hot water heater (2014). Amenities
include the newly renovated Clubhouse plus exclusive storage
space/loft above the garage. Close to town, schools, commuter
routes and commuter rail makes this a wonderful buying opportunity
in a convenient and desirable location!
Unit Size
1,754 Ft²
Days on Market
-
Land Size
-
Price per sqft
$214
Property Type
Condo
Property Taxes
$443
HOA Dues
$423
Year Built
1989
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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 years ago (MLSPIN #71827892)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2015 | Sold | ||
| Sold | |||
| May 1, 2015 | Listed by RE/MAX On The River, Inc. | $374,900 | |
| Listed by RE/MAX On The River, Inc. | |||
| Mar 15, 2002 | Sold | ||
| Sold | |||
| Nov 9, 2001 | Listed by RE/MAX Preferred Properties | $379,900 | |
| Listed by RE/MAX Preferred Properties | |||
| | |||
|
RARE 2 BEDROOM 2.5 BATH TOWNHOUSE W/SPECTACULAR PRIVATE BACK YARD. OPEN FOYER, STEP DOWN LR W/FP AND H/W FLRS.BAY WINDOW FORMAL DR W/HW FLRS, CHAIR RAIL WAINSCOATING& CROWN MOLDING HARDWOOD UNDER W/W IN SUNROOM MUCH MORE.
| |||
| Sep 30, 1999 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: First
Width: 10
Length: 12
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook
Area: 120
Level: Second
Area: 48
Width: 8
Features: Bathroom - Full, Closet - Linen
Length: 6
Area: 48
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Length: 6
Level: First
Width: 8
Level: Second
Features: Flooring - Wall to Wall Carpet
Width: 13
Length: 14
Area: 182
Width: 13
Features: Flooring - Hardwood, French Doors
Length: 15
Level: First
Area: 195
Length: 17
Level: First
Area: 255
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box
Width: 15
Length: 16
Level: Basement
Features: Flooring - Stone/Ceramic Tile
Width: 18
Area: 288
Width: 10
Features: Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile, Hot Tub / Spa
Level: Second
Area: 80
Length: 8
Features: Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet
Level: Second
Length: 14
Width: 13
Area: 182
Length: 11
Level: First
Area: 88
Features: Flooring - Hardwood
Width: 8
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Closet, Office, Foyer, Study, Central Vacuum
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Carpet, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
Laundry Features: First Floor, In Unit, Washer Hookup
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Security Features: Security System
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Abbot's Pond
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Lot Size Units: Acres
Zoning: SRB
Parcel Number: M:00093 B:00004 L:00017, 1841560
Water Source: Public
Financial Details
Tax Assessed Value: $355,400
Tax Annual Amount: $5,320
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
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
HOA/Condo/Coop Amenities: Clubroom
Association Fee Frequency: Monthly
HOA Fee: $423
Community Features: Public Transportation, Golf
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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