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Essex 01810
309 River Rd
Photo of 309 River Rd
Sold on Nov 18, 2009

1

Map

$328,000
● House - Off Market

309 River Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,423 Ft²
$704,335
RealtyHop Estimate
111.83%
Since Dec 1, 2009
National-US
Primary Model

About This Property

Move right in! This sun filled cape offers a warm spacious atmosphere when you enter. Rich hardwood floors throughout much of the home compliment the open family room with wood burning stove off the galley style kitchen. Many newer windows, along with recent painting of interior and exterior plus the recentley replaced oil burner. All this acreage and condition for under $340,000 in Andover? 1st time buyers w/tax credit,this is the place.
Unit Size
1,423 Ft²
Days on Market
-
Land Size
1.28 acres
Price per sqft
$234
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
1930

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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: 4 months ago (MLSPIN #70977221)

Price History

Date / Event Date Event Price
Nov 18, 2009 Sold
Premium
Sold
Sep 18, 2009 Listed $332,500
Listed
Aug 7, 2006 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 55,757
  • Total Building Area: 1,404
  • Gross Building Area: 3,496
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001280
  • 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:00214 B:00012 L:00000
  • Block: 12
  • Municipality: ANDOVER
  • Latitude: 42.6725
  • Longitude: -71.2298

    Address

  • Full Address: 309 River Rd
  • Address - House Number: 309
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: R003
  • 4-Digit Zip Code: 3275
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $905,000

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 807,755
  • High Value: 933,194
  • Low Value: 682,316

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $662,500
  • Assessed Land Value: $422,700
  • Assessed Improvements Value: $239,800

    Sales

  • Current Sale Recording Date: Nov 18, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 33188
  • Previous Sale Recording Date: Aug 07, 2006
  • Previous Sale Amount: $400,000
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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# 70977221

Frequently Asked Questions

When was property at 309 River Road built and last sold?
The property at 309 River Road was built in 1930 and last sold on Jan 1, 1970 for $328,000.
How much is this home worth?
The estimated value of the home located at 309 River Road is $348,636.
What are some comparable homes to 309 River Road?
There are currently no comparable homes to 309 River Road.
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