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Essex 01810
293 Salem St
$615,000
● House - Off Market

293 Salem St

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,600 Ft²
$1,074,216
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

STORYBOOK COLONIAL NESTLED ON A LOVELY ONE ACRE LOT!  Thanks to a major 1985 addition and remodel this lovely New England home offers the perfect blend of country charm, period details and modern touches. First class amenities include an inviting modern kitchen, updated bathrooms, central air conditioning, picturesque private backyard and a bonus heated, two stall garage with loft. Impeccably maintained with a newer roof and updated plumbing and electrical this home is move in ready. Close to town, nature trails, parks and commuter routes this home is a clear choice for the discerning buyer! AND YES, there is natural gas service available on Salem Street.
Unit Size
2,600 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$244
Property Type
House
Property Taxes
$733
HOA Dues
-
Year Built
1850

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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: 5 months ago (MLSPIN #71950449)

Price History

Date / Event Date Event Price
Apr 29, 2016 Sold
Premium
Sold
Jan 20, 2016 Listed by RE/MAX Partners $634,900
Listed by RE/MAX Partners
Jun 16, 2000 Sold
Premium
Sold
Feb 1, 2000 Listed by RE/MAX Partners $429,900
Listed by RE/MAX Partners
Oct 3, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • 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: 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: 1,484
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,373
  • Gross Building Area: 4,590
  • Building Area: 2,373
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,373
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE AT BRICKETT HILL
  • Land Acres: 0000001000
  • 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:00011 B:00009 L:00000
  • Block: 9
  • Municipality: ANDOVER
  • Latitude: 42.6277
  • Longitude: -71.1051

    Address

  • Full Address: 293 Salem St
  • Address - House Number: 293
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C016
  • 4-Digit Zip Code: 2310
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,128,200

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 965,577
  • High Value: 1,145,391
  • Low Value: 785,762

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $825,900
  • Assessed Land Value: $457,800
  • Assessed Improvements Value: $368,100

    Sales

  • Current Sale Recording Date: Apr 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9820
  • Previous Sale Recording Date: Jun 16, 2000
  • Previous Sale Amount: $435,000
  • 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

73.3 years

Currently For Sale

1412 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: 5 months ago
Data Source: MLS PIN, MLS# 71950449

Frequently Asked Questions

When was property at 293 Salem Street built and last sold?
The property at 293 Salem Street was built in 1850 and last sold on Jan 1, 1970 for $615,000.
How much is this home worth?
The estimated value of the home located at 293 Salem Street is $649,735.
What are some comparable homes to 293 Salem Street?
There are currently no comparable homes to 293 Salem Street.
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