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Essex 01810
3 Richard Circle
$527,000
● House - Off Market

3 Richard Circle

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,312 Ft²
$617,504
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

FABULOUS ANDOVER SINGLE FAMILY OPPORTUNITY IN A COZY, DESIRABLE, CUL-DE-SAC LOCATION!!!  This lovely 1 Owner, 3 Bed, 2 Bath Ranch has plenty of room for everyone.  Enjoy the generous Sunroom with access to the Garage, Front and Back Yard.  Other amenities include a Finished Fireplaced Lower Level with oversized Daylight Windows, Master Bath, Hardwood Floors, huge Laundry Room, newer Roof and Windows, Custom Layout, 1 car Garage, large Level Lot, Shed, and a new Step-Up Propane Generator.  High Plain/Wood Hill School District.  Beautiful, quiet neighborhood close to Highways, Shopping, etc.  OPEN HOUSE SAT 11/14 AND SUN 11/15 from 11am-2pm.
Unit Size
1,312 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$358
Property Type
House
Property Taxes
$585
HOA Dues
-
Year Built
1968

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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: 5 years ago (MLSPIN #72756532)

Price History

Date / Event Date Event Price
Dec 15, 2020 Sold
Premium
Sold
Nov 12, 2020 Listed by RE/MAX Partners $470,000
Listed by RE/MAX Partners

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 23
  • 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: 1,248
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,708
  • Total Building Area: 1,312
  • Gross Building Area: 3,044
  • Building Area: 1,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,312
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000682
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254402

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00168 B:00011 L:00000
  • Block: 11
  • Municipality: ANDOVER
  • Latitude: 42.679
  • Longitude: -71.2078

    Address

  • Full Address: 3 Richard Cir
  • Address - House Number: 3
  • Address - Street Name: Richard
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Andover
  • Carrier Code: R007
  • 4-Digit Zip Code: 2411
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $823,700

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 749,080
  • High Value: 865,407
  • Low Value: 632,753

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $603,000
  • Assessed Land Value: $393,400
  • Assessed Improvements Value: $209,600

    Sales

  • Current Sale Contract Date: Dec 11, 2020
  • Current Sale Recording Date: Dec 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35973
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

2527 ft²

Average Home Age

71.9 years

Currently For Sale

1487 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72756532

Frequently Asked Questions

When was property at 3 Richard Circle built and last sold?
The property at 3 Richard Circle was built in 1968 and last sold on Dec 11, 2020 for $527,000.
How much is this home worth?
The estimated value of the home located at 3 Richard Circle is $483,489.
What are some comparable homes to 3 Richard Circle?
There are currently no comparable homes to 3 Richard Circle.
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