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Andover 01810
285 N Main St
$590,000
● House - Off Market

285 N Main St

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,566 Ft²
$3,588
Est. Monthly

About This Property

PRICE IMPROVED! Well maintained and updated cape home in Andover's newly built West Elementary School District conveniently located to all that  Andover has to offer.  Gleaming hardwood floors and freshly painted walls greet visitors. Modern kitchen leads to large front to back living room. Additional first floor family room has a mid-century modern vibe perfect as a television room, office or playroom for kids or teens. Large dual picture windows bring in lots of light. Many updates include heating system, central air conditioning and window. With beautiful views of Shawsheen River, this 3 bedroom, 2 bath home lives large and is ready for its new owner.
Unit Size
1,566 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$383
Property Type
House
Property Taxes
$642
HOA Dues
-
Year Built
1948

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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: 6 months ago (MLSPIN #73192100)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Apr 19, 2024 In contract -
In contract
Apr 11, 2024 Price Decreased $599,900
↓ $25K (4%)
Price Decreased
Mar 8, 2024 Price Decreased $624,900
↓ $14K (2.2%)
Price Decreased
Feb 9, 2024 Price Increased $639,000
↑ $209K (48.6%)
Price Increased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 696
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,189
  • Total Building Area: 1,566
  • Gross Building Area: 2,356
  • Building Area: 1,566
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,566
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000188
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254100

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00036 B:00100 L:00000
  • Block: 100
  • Municipality: ANDOVER
  • Latitude: 42.6698
  • Longitude: -71.1488

    Address

  • Full Address: 285 N Main St
  • Address - House Number: 285
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C005
  • 4-Digit Zip Code: 3008
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $770,600

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 647,108
  • High Value: 756,219
  • Low Value: 537,997

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $564,100
  • Assessed Land Value: $316,600
  • Assessed Improvements Value: $247,500

    Sales

  • Current Sale Contract Date: May 03, 2019
  • Current Sale Recording Date: May 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10139
  • Previous Sale Recording Date: Jul 10, 2017
  • Previous Sale Amount: $352,500
  • Previous Sale Document Type: O
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 Andover

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2895 ft²

Average Home Age

80.4 years

Currently For Sale

19 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: 6 months ago
Data Source: MLS PIN, MLS# 73192100

Frequently Asked Questions

When was property at 285 North Main Street built and last sold?
The property at 285 North Main Street was built in 1948 and last sold on May 3, 2019 for $430,000.
How much is this home worth?
The estimated value of the home located at 285 North Main Street is $596,014.
What are some comparable homes to 285 North Main Street?
There are currently no comparable homes to 285 North Main Street.
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