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Essex 01810
3 Lantern Rd
$799,900
● House - Off Market

3 Lantern Rd

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,910 Ft²
$1,243,146
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Fabulous, renovated ranch located close to downtown with walking distance to Philips Academy, Pike and in the South Elementary School District. Enjoy the private backyard oasis with heated, self-cleaning gunite pool, beautiful landscaping, gazebo and Jacuzzi all fenced in. Easy one floor living with many updates including new engineered hardwood floors throughout, chef's kitchen with center island, granite counter tops, and stainless steel appliances. Three good sized bedrooms and fourth bedroom/office with access to deck. You will love the four season room with cathedral ceiling, skylights, lots of windows, Brazilian Stone flooring and gas fireplace. House has central air and sprinklers system...MOVE IN READY! See virtual tour.
Unit Size
2,910 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$275
Property Type
House
Property Taxes
$630
HOA Dues
-
Year Built
1951

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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 #72175613)

Price History

Date / Event Date Event Price
Aug 15, 2017 Sold
Premium
Sold
Jun 3, 2017 Listed by Lillian Montalto Signature Properties $799,900
Listed by Lillian Montalto Signature Properties
Jul 2, 2015 Sold
Premium
Sold
May 13, 2015 Listed by Lillian Montalto Signature Properties $699,900
Listed by Lillian Montalto Signature Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,755
  • Total Building Area: 2,494
  • Gross Building Area: 3,901
  • Building Area: 2,494
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,494
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000408
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00078 B:00036 L:00000
  • Block: 36
  • Municipality: ANDOVER
  • Latitude: 42.638
  • Longitude: -71.133

    Address

  • Full Address: 3 Lantern Rd
  • Address - House Number: 3
  • Address - Street Name: Lantern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C014
  • 4-Digit Zip Code: 4908
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,118,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 891,087
  • High Value: 1,031,838
  • Low Value: 750,336

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $818,500
  • Assessed Land Value: $434,800
  • Assessed Improvements Value: $383,700

    Sales

  • Current Sale Recording Date: Aug 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20927
  • Previous Sale Recording Date: Jul 02, 2015
  • Previous Sale Amount: $715,000
  • Previous Sale Document Type: O
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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 months ago
Data Source: MLS PIN, MLS# 72175613

Frequently Asked Questions

When was property at 3 Lantern Road built and last sold?
The property at 3 Lantern Road was built in 1951 and last sold on Jan 1, 1970 for $799,900.
How much is this home worth?
The estimated value of the home located at 3 Lantern Road is $822,079.
What are some comparable homes to 3 Lantern Road?
There are currently no comparable homes to 3 Lantern Road.
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