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Essex 01810
283 Salem St
Photo of 283 Salem St
Sold on Jul 21, 2010

1

Map

$549,900
● House - Off Market

283 Salem St

Andover, MA 01810
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,256 Ft²
$1,111,781
RealtyHop Estimate
102.18%
Since Aug 1, 2010
MA-Boston
Primary Model

About This Property

Fabulous "Diamond in the Rough". This Shingle Style (Somewhat Antique) home with renovated Barn and stream traveling below old mill on property is loaded with charm. The home is approx. 80% complete with renovations and needs some finishing touches. All the expensive hard work and systems are complete with cosmetic repairs left to the discerning Buyer. The lot abuts AVIS land to the rear, has numerous plantings, fish pond w/ bridge & dam all in an equisite setting. Loaded w/ opportunity!
Unit Size
2,256 Ft²
Days on Market
-
Land Size
2.03 acres
Price per sqft
$244
Property Type
House
Property Taxes
$586
HOA Dues
-
Year Built
1791

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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: 2 years ago (MLSPIN #71078338)

Price History

Date / Event Date Event Price
Jul 21, 2010 Sold
Premium
Sold
May 10, 2010 Listed $549,900
Listed
May 17, 1999 Sold
Premium
Sold
Aug 21, 1998 Listed $339,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1791
  • Effective Year Built: 1791
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 484
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 88,488
  • Total Building Area: 2,226
  • Gross Building Area: 4,292
  • Building Area: 2,226
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,226
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANDOVER
  • Land Acres: 0000002031
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00028 B:00002 L:00000
  • Block: 2
  • Municipality: ANDOVER
  • Latitude: 42.6291
  • Longitude: -71.1068

    Address

  • Full Address: 283 Salem St
  • Address - House Number: 283
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C016
  • 4-Digit Zip Code: 2236
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,027,400

    Appraisal Valuation

  • Standard Deviation: 0.1857
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 885,143
  • High Value: 1,049,581
  • Low Value: 720,704

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $752,100
  • Assessed Land Value: $473,000
  • Assessed Improvements Value: $279,100

    Sales

  • Current Sale Recording Date: Jul 21, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 18373
  • Previous Sale Recording Date: May 17, 1999
  • Previous Sale Amount: $330,000
  • 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

2501 ft²

Average Home Age

73.5 years

Currently For Sale

1398 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71078338

Frequently Asked Questions

When was property at 283 Salem Street built and last sold?
The property at 283 Salem Street was built in 1791 and last sold on Jan 1, 1970 for $549,900.
How much is this home worth?
The estimated value of the home located at 283 Salem Street is $0.
What are some comparable homes to 283 Salem Street?
There are currently no comparable homes to 283 Salem Street.
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