30A Colonial Drive #2
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2016 | Sold | ||
| Sold | |||
| Mar 29, 2016 | Listed by Coldwell Banker Residential Brokerage - Andover | $104,900 | |
| Listed by Coldwell Banker Residential Brokerage - Andover | |||
| | |||
|
1st Time Buyers - Why rent in Andover when owning can be this affordable? Looking for single floor living? This spacious, updated and bright studio at Colonial Drive Condominiums is located on the on the lower level with direct access from the parking lot into the condo. Laundry is on the same level, directly across the hall! Updated flooring, kitchen and full bath with tub and tile. Assigned parking is directly behind the building for easy access. Colonial Drive is conveniently located 2.7 miles from Rt. 93, and offers many options for shopping, dining and commuter services to Boston. The association has an in-ground pool and tennis court for Summer fun! Condo fee includes heat, hot water, water, sewer, exterior maintenance, snow removal, landscaping, trash removal, master insurance, pool and road repairs. The only bill that you will have is electric and cable! Enjoy low maintenance living in Andover!
| |||
| Feb 24, 2010 | Sold | ||
| Sold | |||
| Oct 3, 2009 | Listed | $99,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/30/2026
|
1 Bed
|
1 Bath
|
480 ft²
|
$224,999
1 Bed
1 Bath
480 ft²
|
-
-
|
Amy Smith
Fox Hill Realty, LLC
| |
|
10/05/2025
|
1 Bed
|
1 Bath
|
480 ft²
|
$224,999
1 Bed
1 Bath
480 ft²
|
-
-
|
Amy Smith
Fox Hill Realty, LLC
| |
|
08/17/2017
|
1 Bed
|
1 Bath
|
480 ft²
|
$99,900
1 Bed
1 Bath
480 ft²
|
$106,000
+6.11%
09/07/2017
|
Donna Burke
Coldwell Banker Realty - Andover
| |
|
03/29/2016
|
1 Bed
|
1 Bath
|
470 ft²
|
$104,900
1 Bed
1 Bath
470 ft²
|
$97,000
-7.53%
04/25/2016
|
Cathy Johnson
Coldwell Banker Realty - Andover
| |
|
02/19/2010
|
1 Bed
|
1 Bath
|
480 ft²
|
$97,000
1 Bed
1 Bath
480 ft²
|
-
-
|
Johanna Webster
Coldwell Banker Realty - Andover
| |
|
10/03/2009
|
1 Bed
|
1 Bath
|
470 ft²
|
$99,900
1 Bed
1 Bath
470 ft²
|
$88,500
-11.41%
02/24/2010
|
Janice Fratus
Re/max Top Achievers, Inc.
| |
|
03/10/2006
|
1 Bed
|
1 Bath
|
480 ft²
|
$119,900
1 Bed
1 Bath
480 ft²
|
$119,900
05/02/2006
|
Rick Nazzaro
Colonial Manor Realty
| |
|
11/24/2004
|
Studio
|
1 Bath
|
480 ft²
|
$99,500
Studio
1 Bath
480 ft²
|
$96,000
-3.52%
03/21/2005
|
Michael Early
First Class Realty Corp.
| |
|
03/08/2004
|
1 Bed
|
1 Bath
|
480 ft²
|
$111,900
1 Bed
1 Bath
480 ft²
|
$109,000
-2.59%
07/16/2004
|
Marilyn Burke
Keller Williams Realty Boston South West
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017