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$125,200
● Condo - Off Market

2A Colonial Dr #5

Andover, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
830 Ft²
$270,157
RealtyHop Estimate
116.99%
Since Jun 1, 2012
National-US
Primary Model

About This Property

Well maintained and conveniently located this sunny 2 bedroom condo is just waiting for your finishing touches. Living room with large picture window, wall to wall neutral carpet, good sized bedrooms. Grounds are professionally landscaped with courtyard, pool,tennis court, basketball court and bike storage shed. Additional storage bin in basement(#10).  Management company is onsite Mon.-Friday with  24 hour answering service.  2 Assigned Parking spaces #23 and #85. Get ready to move in!
Unit Size
830 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
Condo
Property Taxes
$148
HOA Dues
$340
Year Built
-

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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 #71345334)

Price History

Date / Event Date Event Price
May 31, 2012 Sold
Premium
Sold
Mar 1, 2012 Listed by Prudential Howe & Doherty $124,500
Listed by Prudential Howe & Doherty

Property Highlights

Air Conditioning
Parking Available
Parking Details
Parking Features: Assigned
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Carpet
Rooms: 4
Basement: N
Exterior Details
Has Property Attached
Square Footage: 830
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1969
Building Name: Colonial Drive Condominiums
Building Area Total: 830
Building Area Units: Square Feet
Construction Materials: Brick
Pool Features: Association, In Ground
Pool is Private
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $125,200
Tax Annual Amount: $1,772
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard
Sewer : Other
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat, Road Maintenance
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Tennis Court(s), Storage
HOA Fee: $340

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71345334
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