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Essex 01810
3 Embassy Ln
$570,000
● House - Off Market

3 Embassy Ln

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,199 Ft²
$949,438
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

Turnkey New York style Colonial on a quiet cul-de-sac in the Bancroft/Doherty School District!  This well maintained home features a completely remodeled eat in kitchen with granite counter-tops, upscale appliances, new wood cabinets and tile flooring and flows to a lovely screen porch, ideal for summer dining.  Additional features included a fireplace living room and dining room both with hardwood floors, 3 nicely sized bedrooms with ample closet space and 2 full baths. The lower level includes a family room with fireplace, office or 4th bedroom plus half bath with laundry.  A two car garage, private lot and convenient location add to this desirable home.
Unit Size
2,199 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$259
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
1961

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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 months ago (MLSPIN #72021014)

Price History

Date / Event Date Event Price
Aug 3, 2016 Sold
Premium
Sold
Jun 10, 2016 Listed by RE/MAX Partners $569,900
Listed by RE/MAX Partners
Aug 31, 1995 Sold
Premium
Sold
May 26, 1995 Listed by Hunneman Victor - And/ Elm St. $239,900
Listed by Hunneman Victor - And/ Elm St.
GREAT FAM. HOME ON QUIET CIRCLE IN THE BANCROFT SCH. AREA. THIS WELL MAINTAINED HOME HAS AN EAT-IN KITCHEN,F.P. LIVRM. FIRPL. FAMILY RM.,SUN ROOM. A PLEASURE TO SHOW.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 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: 7
  • Basement Area: 1,352
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,155
  • Total Building Area: 2,199
  • Gross Building Area: 3,484
  • Building Area: 2,199
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,199
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000669
  • 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:00045 B:00074 L:00000
  • Block: 74
  • Municipality: ANDOVER
  • Latitude: 42.6224
  • Longitude: -71.1161

    Address

  • Full Address: 3 Embassy Ln
  • Address - House Number: 3
  • Address - Street Name: Embassy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C024
  • 4-Digit Zip Code: 5705
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $904,000

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 824,984
  • High Value: 965,252
  • Low Value: 684,715

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $661,800
  • Assessed Land Value: $412,400
  • Assessed Improvements Value: $249,400

    Sales

  • Current Sale Recording Date: Aug 03, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19372

    Financing

  • First Mortgage Financing Type: UNK
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

2595 ft²

Average Home Age

73.7 years

Currently For Sale

1390 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 months ago
Data Source: MLS PIN, MLS# 72021014

Frequently Asked Questions

When was property at 3 Embassy Lane built and last sold?
The property at 3 Embassy Lane was built in 1961 and last sold on Jan 1, 1970 for $570,000.
How much is this home worth?
The estimated value of the home located at 3 Embassy Lane is $592,221.
What are some comparable homes to 3 Embassy Lane?
There are currently no comparable homes to 3 Embassy Lane.
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