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Essex 01810
3 Moreland Avenue
$579,000
● House - Off Market

3 Moreland Avenue

Andover, MA 01810
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,021 Ft²
$1,049,702
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Lovely 3 bedroom ranch in new Bancroft School/Phillips Academy area. This home includes formal living room with hardwood floors, crown molding and fireplace, dining room opening to a charming jalousie porch, updated kitchen with eat-at island and granite countertops. Large family room with sliders to the backyard is truly the center of this home. Add to this 3 bedrooms, 3 full baths, a 2-car attached garage and an additional finished room with fireplace in lower level for a perfect family home! New hardwood floors 2005; new roof; kitchen and windows 2007; new hot water heater 2011; new heating system 2012.
Unit Size
2,021 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$286
Property Type
House
Property Taxes
$514
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #71659103)

Price History

Date / Event Date Event Price
Dec 6, 2021 Sold
Premium
Sold
Oct 20, 2021 Listed by William Raveis R.E. & Home Services $719,900
Listed by William Raveis R.E. & Home Services
Jul 8, 2014 Sold
Premium
Sold
Apr 10, 2014 Listed by William Raveis R.E. & Home Services $579,000
Listed by William Raveis R.E. & Home Services
Dec 17, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 7
  • Basement Area: 1,586
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,298
  • Total Building Area: 2,814
  • Gross Building Area: 4,773
  • Building Area: 2,814
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,814
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000351
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00060 B:00029 L:00000
  • Block: 29
  • Municipality: ANDOVER
  • Latitude: 42.6308
  • Longitude: -71.1215

    Address

  • Full Address: 3 Moreland Ave
  • Address - House Number: 3
  • Address - Street Name: Moreland
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Andover
  • Carrier Code: C015
  • 4-Digit Zip Code: 5007
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $897,300

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 809,601
  • High Value: 935,441
  • Low Value: 683,762

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $656,900
  • Assessed Land Value: $368,700
  • Assessed Improvements Value: $288,200

    Sales

  • Current Sale Contract Date: Dec 01, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39711
  • Previous Sale Recording Date: Jul 08, 2014
  • Previous Sale Amount: $579,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2469 ft²

Average Home Age

72.3 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71659103

Frequently Asked Questions

When was property at 3 Moreland Avenue built and last sold?
The property at 3 Moreland Avenue was built in 1955 and last sold on Dec 1, 2021 for $740,000.
How much is this home worth?
The estimated value of the home located at 3 Moreland Avenue is $725,336.
What are some comparable homes to 3 Moreland Avenue?
There are currently no comparable homes to 3 Moreland Avenue.
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