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Essex 01810
31(Lot 11) Fleming Ave
$849,900
● House - Off Market

31(Lot 11) Fleming Ave

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,496 Ft²
$1,244,818
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

SENSATIONAL OPPORTUNITY TO LIVE IN A GORGEOUS NEW CONSTRUCTION HOME WITH AN URBAN FEEL! This BRAND NEW 2x6 construction stone front, energy efficient Colonial, THE ABBOT, features 9ft ceilings and tons of natural light throughout. The large eat-in kitchen has a beautiful center island, and outdoor access, is perfect for cooking and entertaining. The second floor features the Master Bedroom with en-suite bathroom and walk-in closet, as well as 3 other bedrooms. The amazing Cathedral Ceiling elevated family/great room with gas fireplace makes this home perfect for any family. This amazing subdivision is near downtown Andover & has several floor plans to choose from with prices starting at $749,900! This new construction is on Town Water & Town Sewer! A 16x20 Patio in the back! Schedule a showing before it's too late!
Unit Size
3,496 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$243
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

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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 #72414540)

Price History

Date / Event Date Event Price
Oct 4, 2019 Sold
Premium
Sold
Oct 23, 2018 Listed by Lillian Montalto Signature Properties $849,900
Listed by Lillian Montalto Signature Properties

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,712
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,429
  • Total Building Area: 3,614
  • Gross Building Area: 5,976
  • Building Area: 3,614
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,614
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000354
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254100

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00018 B:00124 L:00000
  • Block: 124
  • Municipality: ANDOVER
  • Latitude: 42.6746
  • Longitude: -71.144

    Address

  • Full Address: 31 Fleming Ave
  • Address - House Number: 31
  • Address - Street Name: Fleming
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Andover
  • Carrier Code: C006
  • 4-Digit Zip Code: 1424
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,331,600

    Appraisal Valuation

  • Standard Deviation: 0.2081
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 1,192,865
  • High Value: 1,441,127
  • Low Value: 944,604

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $974,800
  • Assessed Land Value: $327,300
  • Assessed Improvements Value: $647,500

    Sales

  • Current Sale Contract Date: Sep 30, 2019
  • Current Sale Recording Date: Oct 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24656
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# 72414540

Frequently Asked Questions

When was property at 31 Fleming Avenue built and last sold?
The property at 31 Fleming Avenue was built in 2018 and last sold on Sep 30, 2019 for $849,900.
How much is this home worth?
The estimated value of the home located at 31 Fleming Avenue is $884,279.
What are some comparable homes to 31 Fleming Avenue?
There are currently no comparable homes to 31 Fleming Avenue.
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