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Middlesex 01821
263 Andover Rd
$388,000
● House - Off Market

263 Andover Rd

Billerica, MA 01821
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,526 Ft²
$649,293
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

Well Maintained Colonial boasts hardwood in kitchen,dining,room, living room and office,Relax in inviting family room with wood stove leading to updated kitchen with recessed lighting, plenty of counter space and kitchen island, Dining room has built in for storing dishes and glassware.  Entertain in formal living room which has an additional room off it presently used as an office. First floor bath includes laundry area. Second floor has full bath and 3 bedrooms including sprawling master bedroom with double closets.Three season porch with wall of windows looks out on beautifully landscaped backyard with colorful flowering plants.raised bed for gardening, patio, shed and large level area to enjoy. Attic provides spacious storage area and there is loft area in garage for additional storage.
Unit Size
1,526 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$256
Property Type
House
Property Taxes
$347
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: 5 months ago (MLSPIN #72033594)

Price History

Date / Event Date Event Price
Sep 23, 2016 Sold
Premium
Sold
Jul 6, 2016 Listed by ERA Key Realty Services $389,900
Listed by ERA Key Realty Services

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 854
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,502
  • Total Building Area: 1,697
  • Gross Building Area: 2,980
  • Building Area: 1,697
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,697
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316101

Zoning

  • Zoning: 3

Geography

  • District: 31
  • Parcel: BILL M:0034 B:0057 L:0
  • Block: 57
  • Municipality: BILLERICA
  • Latitude: 42.5743
  • Longitude: -71.2397

    Address

  • Full Address: 263 Andover Rd
  • Address - House Number: 263
  • Address - Street Name: Andover
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Billerica
  • Carrier Code: R002
  • 4-Digit Zip Code: 1447
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $622,200

    Appraisal Valuation

  • Standard Deviation: 0.1673
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 627,020
  • High Value: 731,964
  • Low Value: 522,076

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $551,100
  • Assessed Land Value: $251,400
  • Assessed Improvements Value: $299,700

    Sales

  • Current Sale Recording Date: Sep 23, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 45876
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 Middlesex

Stats & Trends

Median Asking:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2673 ft²

Average Home Age

65.4 years

Currently For Sale

3328 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: 5 months ago
Data Source: MLS PIN, MLS# 72033594

Frequently Asked Questions

When was property at 263 Andover Road built and last sold?
The property at 263 Andover Road was built in 1940 and last sold on Jan 1, 1970 for $388,000.
How much is this home worth?
The estimated value of the home located at 263 Andover Road is $408,510.
What are some comparable homes to 263 Andover Road?
There are currently no comparable homes to 263 Andover Road.
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