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Essex 01810
26 Somerset
$1,020,000
● House - Off Market

26 Somerset

Andover, MA 01810
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,400 Ft²
$2,060,226
RealtyHop Estimate
101.98%
Since Aug 1, 2004
National-US
Primary Model

About This Property

Stunning colonial in desirable Somerset Village at end of cul-de-sac. 2-story marble floor foyer, HW lv. rm, dining rm, office with built-ins.  Granite countertops, top of the line appliances in eat-in kitchen overlooking family rm. 2 full baths on 1st floor w/2 bedrooms & large game room.  Master suite w/fireplace & 2 large bdrms. upstairs.  Level lot, full basement, sprinklers, security system, 3-car garage, radon remediation system, prewired central vacuum.  Bdrm & great room gas fireplace.
Unit Size
4,400 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$232
Property Type
House
Property Taxes
$787
HOA Dues
-
Year Built
1999

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #70036862)

Price History

Date / Event Date Event Price
Jul 30, 2004 Sold
Premium
Sold
May 18, 2004 Listed by Coldwell Banker Residential Brokerage - Andover $1,020,000
Listed by Coldwell Banker Residential Brokerage - Andover
Oct 20, 1997 Sold
Premium
Sold
Nov 21, 1996 Listed $509,900
Listed
PLEASE NOTE THAT THE SOLD PRICE DOES NOT REFLECT ADDITIONAL UPGRADES TOTALLING $5,611.00

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,118
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,041
  • Total Building Area: 4,246
  • Gross Building Area: 8,008
  • Building Area: 4,246
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,246
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOMERSET VILLAGE
  • Land Acres: 0000000667
  • 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:00145 B:00021 L:00000
  • Block: 21
  • Municipality: ANDOVER
  • Latitude: 42.6835
  • Longitude: -71.197

    Address

  • Full Address: 26 Somerset Dr
  • Address - House Number: 26
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C013
  • 4-Digit Zip Code: 1248
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,601,800

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,417,026
  • High Value: 1,658,804
  • Low Value: 1,175,247

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,172,600
  • Assessed Land Value: $408,900
  • Assessed Improvements Value: $763,700

    Sales

  • Current Sale Recording Date: Sep 07, 2010
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 23089
  • Previous Sale Recording Date: Jul 30, 2004
  • Previous Sale Amount: $1,020,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2521 ft²

Average Home Age

73.7 years

Currently For Sale

1419 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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70036862

Frequently Asked Questions

When was property at 26 Somerset Drive built and last sold?
The property at 26 Somerset Drive was built in 1999 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 26 Somerset Drive is $1,030,820.
What are some comparable homes to 26 Somerset Drive?
There are currently no comparable homes to 26 Somerset Drive.
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