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Essex 01810
3 Pondview Place
$500,000
● House - Off Market

3 Pondview Place

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,505 Ft²
$1,032,869
RealtyHop Estimate
96.74%
Since Aug 1, 2008
MA-Boston
Primary Model

About This Property

Exceptional space and location for this diamond in the rough.  Priced $250,000 below assessed value. Great floor plan and flow with many custom updates. Twin front doors enter into impressive foyer. 26x13 kitchen with bay window, rheams of counterspace, center island for cooking and desk for bill paying. Formal living room, great room over garage with wet bar, spacious office with custom cabinetry and French doors. 3 fireplaces, central air.
Unit Size
3,505 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$150
Property Type
House
Property Taxes
$766
HOA Dues
-
Year Built
1985

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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 #70773927)

Price History

Date / Event Date Event Price
Oct 31, 2008 Sold
Premium
Sold
Jul 31, 2008 Sold
Premium
Sold
Jun 6, 2008 Listed by Coldwell Banker Residential Brokerage - Andover $525,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,246
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,052
  • Total Building Area: 4,291
  • Gross Building Area: 6,543
  • Building Area: 4,291
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,291
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000690
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254403

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00134 B:00050 L:0000C
  • Block: 50
  • Lot: C
  • Municipality: ANDOVER
  • Latitude: 42.6489
  • Longitude: -71.1748

    Address

  • Full Address: 3 Pondview Pl
  • Address - House Number: 3
  • Address - Street Name: Pondview
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Andover
  • Carrier Code: C012
  • 4-Digit Zip Code: 4650
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,514,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,447,507
  • High Value: 1,694,486
  • Low Value: 1,200,528

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,108,700
  • Assessed Land Value: $391,500
  • Assessed Improvements Value: $717,200

    Sales

  • Current Sale Recording Date: Oct 31, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 27979
  • Previous Sale Recording Date: Jul 31, 2008
  • Previous Sale Amount: $500,000
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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# 70773927

Frequently Asked Questions

When was property at 3 Pondview Place built and last sold?
The property at 3 Pondview Place was built in 1985 and last sold on Jan 1, 1970 for $800,000.
How much is this home worth?
The estimated value of the home located at 3 Pondview Place is $568,206.
What are some comparable homes to 3 Pondview Place?
There are currently no comparable homes to 3 Pondview Place.
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