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Essex 01810
261 High Plain Rd
$1,200,000
● House - Off Market

261 High Plain Rd

Andover, MA 01810
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,755 Ft²
$1,275,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Opportunity Knocks! Very hard to find +/- 4 acre property featuring a 4 bedroom home, separate approved building lot, huge 2 acre backyard plus 10 car garage spaces, 3 story barn and 3 bay workshop. These properties are in excellent condition and on a quiet side driveway off High Plain Rd. The 4 bedroom home includes an updated eat in kitchen with radiant heat, front to back family room, and large sun room overlooking private backyard. Very convenient to commute routes, High Plain School and downtown Andover. Excellent opportunity for a tradesman or Buyers looking for a spacious private lot ideal with an extra building lot as an upside. The workshop and barn (ideal for equestrian needs or car collectors) are both included in sale.
Unit Size
1,755 Ft²
Days on Market
-
Land Size
3.94 acres
Price per sqft
$727
Property Type
House
Property Taxes
$1,382
HOA Dues
-
Year Built
1940

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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 #73156174)

Price History

Date / Event Date Event Price
Nov 17, 2023 Sold
Premium
Sold
Sep 21, 2023 In contract -
In contract
Sep 6, 2023 Listed by RE/MAX Partners $1,275,000
Listed by RE/MAX Partners

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,017
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,755
  • Gross Building Area: 3,524
  • Building Area: 1,755
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,755
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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:00172 B:00003 L:00000
  • Block: 3
  • Municipality: ANDOVER
  • Latitude: 42.659
  • Longitude: -71.1992

    Address

  • Full Address: 261 High Plain Rd
  • Address - House Number: 261
  • Address - Street Name: High Plain
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C023
  • 4-Digit Zip Code: 3293
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $818,400

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 780,970
  • High Value: 904,327
  • Low Value: 657,612

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $599,100
  • Assessed Land Value: $344,600
  • Assessed Improvements Value: $254,500

    Sales

  • Current Sale Contract Date: Nov 10, 2023
  • Current Sale Recording Date: Nov 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19225
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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# 73156174

Frequently Asked Questions

When was property at 261 High Plain Road built and last sold?
The property at 261 High Plain Road was built in 1940 and last sold on Nov 10, 2023 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 261 High Plain Road is $1,253,100.
What are some comparable homes to 261 High Plain Road?
There are currently no comparable homes to 261 High Plain Road.
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