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Essex 01810
290 Lowell St
$635,000
● House - Off Market

290 Lowell St

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,030 Ft²
$927,373
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Complete renovation of this 1800's colonial by well known local builder in 2015. Like new condition. Forced hot air natural gas heat and hot water, central air, 200 amp electrical service. All new walls, ceilings, floors, addition has poured concrete foundation,Kitchen with upscale Cherry Stained Cabinets, granite counter tops, hardwood flooring, pantry area in basement stairwell, first floor family room/dining room combination off kitchen, 1st floor bedroom or office. Master suite with cathedral ceiling and full bath, laundry in second floor hallway, plus 2 additional bedrooms. 2 car detached garage with pull down stairs to a loft. less than a mile to Rte. 93. Copper gutters just added to back of house.
Unit Size
2,030 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$320
Property Type
House
Property Taxes
$792
HOA Dues
-
Year Built
2015

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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 #72452793)

Price History

Date / Event Date Event Price
Jun 21, 2019 Sold
Premium
Sold
Feb 13, 2019 Listed by J. Borstell Real Estate, Inc. $649,900
Listed by J. Borstell Real Estate, Inc.
Jan 26, 2015 Sold
Premium
Sold
Feb 3, 2014 Listed by J. Borstell Real Estate, Inc. $299,900
Listed by J. Borstell Real Estate, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • 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: 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: 1,175
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,418
  • Total Building Area: 1,872
  • Gross Building Area: 3,627
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000331
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254403

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00134 B:00004 L:0000B
  • Block: 4
  • Lot: B
  • Municipality: ANDOVER
  • Latitude: 42.6498
  • Longitude: -71.1796

    Address

  • Full Address: 290 Lowell St
  • Address - House Number: 290
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C012
  • 4-Digit Zip Code: 4641
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,095,500

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 905,176
  • High Value: 1,059,079
  • Low Value: 751,273

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $802,000
  • Assessed Land Value: $334,600
  • Assessed Improvements Value: $467,400

    Sales

  • Current Sale Contract Date: Jun 20, 2019
  • Current Sale Recording Date: Jun 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14044
  • Previous Sale Recording Date: Jan 26, 2015
  • Previous Sale Amount: $270,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2532 ft²

Average Home Age

72 years

Currently For Sale

1468 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# 72452793

Frequently Asked Questions

When was property at 290 Lowell Street built and last sold?
The property at 290 Lowell Street was built in 2015 and last sold on Jun 20, 2019 for $635,000.
How much is this home worth?
The estimated value of the home located at 290 Lowell Street is $658,892.
What are some comparable homes to 290 Lowell Street?
There are currently no comparable homes to 290 Lowell Street.
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