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Essex 01810
3 Arrowood Lane
$475,000
● House - Off Market

3 Arrowood Lane

Andover, MA 01810
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,830 Ft²
$1,566,355
RealtyHop Estimate
222.96%
Since Oct 1, 1999
MA-Boston
Primary Model

About This Property

VACATION IN YOUR OWN HOME! SPECTACULAR CONTEMPORARY IN POPULAR FARRWOOD AREA W/BEAUTIFUL GROUNDS, CANOE DOCK & VIEW OF THE POND. HUGE EXPANSES OF GLASS, STATE-OF-THE-ART KIT & BATHS, NEW ROOF, ATRIUM STAIRCASE, CENT AIR, PORCH & DECK.
Unit Size
3,830 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$127
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1965

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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: 4 years ago (MLSPIN #30338658)

Price History

Date / Event Date Event Price
Aug 6, 2003 Sold
Premium
Sold
May 15, 2003 Listed $735,000
Listed
Sep 27, 1999 Sold
Premium
Sold
Jul 16, 1999 Listed $485,000
Listed

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,939
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,757
  • Total Building Area: 3,866
  • Gross Building Area: 4,910
  • Building Area: 3,866
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,866
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARROWOOD LANE
  • Land Acres: 0000000959
  • 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:00067 B:00029 L:00000
  • Block: 29
  • Municipality: ANDOVER
  • Latitude: 42.6062
  • Longitude: -71.1113

    Address

  • Full Address: 3 Arrowood Ln
  • Address - House Number: 3
  • Address - Street Name: Arrowood
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C021
  • 4-Digit Zip Code: 5204
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,204,900

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,188,972
  • High Value: 1,373,402
  • Low Value: 1,004,541

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $882,100
  • Assessed Land Value: $522,300
  • Assessed Improvements Value: $359,800

    Sales

  • Current Sale Recording Date: Aug 06, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 48446
  • Previous Sale Recording Date: Sep 27, 1999
  • Previous Sale Amount: $475,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2541 ft²

Average Home Age

72.9 years

Currently For Sale

1497 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

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30338658

Frequently Asked Questions

When was property at 3 Arrowood Lane built and last sold?
The property at 3 Arrowood Lane was built in 1965 and last sold on Jan 1, 1970 for $745,000.
How much is this home worth?
The estimated value of the home located at 3 Arrowood Lane is $766,577.
What are some comparable homes to 3 Arrowood Lane?
There are currently no comparable homes to 3 Arrowood Lane.
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