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Essex 01810
3 Island Way
$345,000
● House - Off Market

3 Island Way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,560 Ft²
$1,557,475
RealtyHop Estimate
332.75%
Since Aug 1, 1996
MA-Boston
Primary Model

About This Property

CHARMING COLONIAL WELL SITED ON A KNOLL W/LG. LEVEL YARD. SCREENED PRCH & SUPER DECK. FORMAL LR&DR, LG EAT-IN KIT W/ BAY WIND, FP FR, 4 AIRY BRS, FINISHD FAMILY "REC RM" ON LL SPRING'S BEST VALUE. CENTRAL AIR.
Unit Size
2,560 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$141
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1981

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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 #30092242)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Dec 10, 2020 Listed $769,900
Listed
Jul 30, 1996 Sold
Premium
Sold
Mar 5, 1996 Listed $359,900
Listed

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • 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: 1,416
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,150
  • Total Building Area: 3,052
  • Gross Building Area: 5,590
  • Building Area: 3,052
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,052
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UPSONS LNDG
  • Land Acres: 0000000669
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254301

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00140 B:00001 L:0000K
  • Block: 1
  • Lot: K
  • Municipality: ANDOVER
  • Latitude: 42.6207
  • Longitude: -71.1479

    Address

  • Full Address: 3 Island Way
  • Address - House Number: 3
  • Address - Street Name: Island
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: R005
  • 4-Digit Zip Code: 6044
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,125,700

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,008,962
  • High Value: 1,181,115
  • Low Value: 836,809

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $824,100
  • Assessed Land Value: $412,400
  • Assessed Improvements Value: $411,700

    Sales

  • Current Sale Contract Date: Jan 11, 2021
  • Current Sale Recording Date: Jan 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1596
  • Previous Sale Recording Date: Feb 15, 2017
  • 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

2533 ft²

Average Home Age

72.6 years

Currently For Sale

1471 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30092242

Frequently Asked Questions

When was property at 3 Island Way built and last sold?
The property at 3 Island Way was built in 1981 and last sold on Jan 11, 2021 for $840,000.
How much is this home worth?
The estimated value of the home located at 3 Island Way is $0.
What are some comparable homes to 3 Island Way?
There are currently no comparable homes to 3 Island Way.
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