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Essex
281 Bear Hill Road
$683,000
● House - Off Market

281 Bear Hill Road

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,921 Ft²
$1,256,737
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

DREAMS COME TRUE! IT DOESN'T GET ANY BETTER THAN THIS! Beautifully sited on an acre+ lot in the coveted Bear Hill neighborhood, this fully renovated house offers the best.   No expense spared with abundant improvements (over $450,000, see MLS attachment). Newer designer SS ctr island granite Kitchen, new baths, new windows, roof (40 yr. warranty), 3rd car garage, Kohler generator, irrigation, etc. Relax on the 22 x 11 screened porch overlooking the totally renovated heated gunite pool with new paver surround. Enjoy the perennial English gardens and amazing Goshen stonewalls and steps.  You will love grilling on the Trex deck or soaking in the hot tub.  Incredible opportunity to live in a wonderful neighborhood on a premium lot with views of the Boston skyline.
Unit Size
2,921 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$236
Property Type
House
Property Taxes
$819
HOA Dues
-
Year Built
1984

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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: 4 months ago (MLSPIN #71738999)

Price History

Date / Event Date Event Price
Dec 29, 2014 Sold
Premium
Sold
Sep 4, 2014 Listed by William Raveis R.E. & Home Services $689,900
Listed by William Raveis R.E. & Home Services
Aug 19, 1997 Sold
Premium
Sold
Jun 10, 1997 Listed by William Raveis R.E. & Home Services $389,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage
With View

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • 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: 1,948
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,174
  • Total Building Area: 4,559
  • Gross Building Area: 5,508
  • Building Area: 4,559
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,559
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001060
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Andover School District
  • School Tax School District: NO ANDOVER SD
  • Census Tract: 253205

Zoning

  • Zoning: R1

Geography

  • Account Number: M_234251_9
  • Parcel: NAND M:00064 B:00127 L:00000
  • Block: 127
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6789
  • Longitude: -71.0821

    Address

  • Full Address: 281 Bear Hill Rd
  • Address - House Number: 281
  • Address - Street Name: Bear Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: C029
  • 4-Digit Zip Code: 2115
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,124,600

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,168,575
  • High Value: 1,366,718
  • Low Value: 970,432

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,014,100
  • Assessed Land Value: $414,500
  • Assessed Improvements Value: $599,600

    Sales

  • Current Sale Recording Date: Dec 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29383
  • Previous Sale Recording Date: Aug 19, 1997
  • Previous Sale Amount: $388,500
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2533 ft²

Average Home Age

72.6 years

Currently For Sale

1471 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: 4 months ago
Data Source: MLS PIN, MLS# 71738999

Frequently Asked Questions

When was property at 281 Bear Hill Road built and last sold?
The property at 281 Bear Hill Road was built in 1984 and last sold on Jan 1, 1970 for $683,000.
How much is this home worth?
The estimated value of the home located at 281 Bear Hill Road is $705,004.
What are some comparable homes to 281 Bear Hill Road?
There are currently no comparable homes to 281 Bear Hill Road.
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