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Andover 01810
32 Shipman Rd
$587,500
● House - Off Market

32 Shipman Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,852 Ft²
$888,195
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

Welcome home to JOHNSON ACRES! Located conveniently close to town, the bus, train, shopping & the library! This adorable 3 bedroom center entrance colonial situated on a corner lot has plenty to offer.  Fall in love with the original gleaming hardwood floors and charming details of this bright and comfortable home. The home offers a front to back living room with a cozy fireplace and plenty of space for all your entertainment needs, a dining room that has a beautiful built-in corner china cabinet and a wonderful study/playroom option. Step into the front to back master bedroom and enjoy your own private 11x11 custom build-in dressing area. Come see the many features and fall in love! First showings at the open house on Sunday Aug 5th 1:15 to 3:00pm
Unit Size
1,852 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$324
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1952

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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 #72373234)

Price History

Date / Event Date Event Price
Sep 20, 2022 Sold
Premium
Sold
Aug 29, 2018 Sold
Premium
Sold
Aug 3, 2018 Listed by Century 21 North East $600,000
Listed by Century 21 North East
Aug 24, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 828
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,733
  • Total Building Area: 1,918
  • Gross Building Area: 3,184
  • Building Area: 1,918
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,918
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000292
  • 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:00020 B:00120 L:00000
  • Block: 120
  • Municipality: ANDOVER
  • Latitude: 42.6656
  • Longitude: -71.135

    Address

  • Full Address: 32 Shipman Rd
  • Address - House Number: 32
  • Address - Street Name: Shipman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C004
  • 4-Digit Zip Code: 1716
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,141,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 798,435
  • High Value: 943,162
  • Low Value: 653,708

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $835,500
  • Assessed Land Value: $532,900
  • Assessed Improvements Value: $302,600

    Sales

  • Current Sale Contract Date: Sep 20, 2022
  • Current Sale Recording Date: Sep 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22080
  • Previous Sale Recording Date: Aug 29, 2018
  • Previous Sale Amount: $587,500
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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 Andover

Stats & Trends

Median Asking:

$872,500

Sale Price/ft²

$417

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2753 ft²

Average Home Age

84.5 years

Currently For Sale

21 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72373234

Frequently Asked Questions

When was property at 32 Shipman Road built and last sold?
The property at 32 Shipman Road was built in 1952 and last sold on Sep 20, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 32 Shipman Road is $617,147.
What are some comparable homes to 32 Shipman Road?
There are currently no comparable homes to 32 Shipman Road.
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