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Essex 01810
3 Will O Way
$850,000
● House - Off Market

3 Will O Way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,167 Ft²
$844,088
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Amazing opportunity to make this home your own. This beautiful 2200 sqft home offers 4-bedrooms, 2 full and 1 half baths. Hardwood floors throughout the home. The large cherry kitchen with plenty of cabinets and eat-in area opens to the Family Room. Sliders lead to a nice deck. Front to back Living Room. Basement is roughed in and ready for finishing! Attics are super-insulated. This home sits on an expansive lot with a back deck overlooking a garden area and a child's playset. This fabulous location has easy access to highways, is walking distance to Sanborn Elementary, Indian Ridge Reservation and Country Club, and this home is located at the end of a cul de sac.  The oversized 2-car garage has newly updated doors, and great off-street parking. Don't miss this opportunity!!
Unit Size
2,167 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$369
Property Type
House
Property Taxes
$862
HOA Dues
-
Year Built
1975

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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 #73027061)

Price History

Date / Event Date Event Price
Sep 29, 2022 Sold
Premium
Sold
Aug 18, 2022 Listed by Lillian Montalto Signature Properties $799,900
Listed by Lillian Montalto Signature Properties
Jul 31, 1996 Sold
Premium
Sold
Apr 28, 1996 Listed by Lillian Montalto Signature Properties $329,900
Listed by Lillian Montalto Signature Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,244
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,564
  • Total Building Area: 2,167
  • Gross Building Area: 4,195
  • Building Area: 2,167
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,167
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001046
  • 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:00009 L:0000C
  • Block: 9
  • Lot: C
  • Municipality: ANDOVER
  • Latitude: 42.6465
  • Longitude: -71.1774

    Address

  • Full Address: 3 Will O Way
  • Address - House Number: 3
  • Address - Street Name: Will O
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: C012
  • 4-Digit Zip Code: 4614
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,098,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 949,503
  • High Value: 1,111,753
  • Low Value: 787,252

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $804,300
  • Assessed Land Value: $458,500
  • Assessed Improvements Value: $345,800

    Sales

  • Current Sale Contract Date: Sep 27, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22866
  • Previous Sale Recording Date: Jul 31, 1996
  • Previous Sale Amount: $319,250
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73027061

Frequently Asked Questions

When was property at 3 Will O Way built and last sold?
The property at 3 Will O Way was built in 1975 and last sold on Sep 27, 2022 for $850,000.
How much is this home worth?
The estimated value of the home located at 3 Will O Way is $791,409.
What are some comparable homes to 3 Will O Way?
There are currently no comparable homes to 3 Will O Way.
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