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Essex 01810
323 River Road
$1,050,000
● House - Off Market

323 River Road

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,846 Ft²
$1,122,202
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Outdoor enthusiasts take note!  This property abuts the St Francis Trails of the 147 acre AVIS Deer Jump Reservation. Easy access to the Merrimack River where the sellers loved to kayak and fish. Classic colonial designed by the current owners. Eat-in kitchen is the heart of the home and overlooks the private backyard. Kitchen, dining room, living room, and office all with shining hardwood.  Marble foyer leads to the 2nd floor with front to back primary ensuite, 3 good sized bedrooms, another full bath and laundry. Lower level walkout has potential for in-law space with 2 bonus rooms, ¾ bath and washer/dryer hookups.  Golf fan?  This home has a par 3 in the backyard that could be brought back to life and a golf simulator in the Family Room!  Love movies?  The projector turns this room into an entertainment center!
Unit Size
3,846 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$281
Property Type
House
Property Taxes
$1,073
HOA Dues
-
Year Built
1997

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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 #73018651)

Price History

Date / Event Date Event Price
Sep 23, 2022 Sold
Premium
Sold
Jul 28, 2022 Listed by Keller Williams Realty $1,079,000
Listed by Keller Williams Realty
Feb 15, 2013 Sold
Premium
Sold
Mar 29, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,274
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,566
  • Total Building Area: 3,846
  • Gross Building Area: 5,238
  • Building Area: 3,846
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,846
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001069
  • 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:00010 L:0000A
  • Block: 10
  • Lot: A
  • Municipality: ANDOVER
  • Latitude: 42.671
  • Longitude: -71.2314

    Address

  • Full Address: 323 River Rd
  • Address - House Number: 323
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: R003
  • 4-Digit Zip Code: 3276
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,377,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1746
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,233,245
  • High Value: 1,448,580
  • Low Value: 1,017,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,008,700
  • Assessed Land Value: $419,600
  • Assessed Improvements Value: $589,100

    Sales

  • Current Sale Contract Date: Sep 21, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 127831
  • Previous Sale Recording Date: Feb 15, 2013
  • Previous Sale Amount: $371,000
  • Previous Sale Document Type: O
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# 73018651

Frequently Asked Questions

When was property at 323 River Road built and last sold?
The property at 323 River Road was built in 1997 and last sold on Sep 21, 2022 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 323 River Road is $1,106,542.
What are some comparable homes to 323 River Road?
There are currently no comparable homes to 323 River Road.
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