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Essex
324 Bear Hill Road
$689,000
● House - Off Market

324 Bear Hill Road

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,570 Ft²
$1,230,263
RealtyHop Estimate
76.00%
Since Jul 1, 2005
MA-Boston
Primary Model

About This Property

Enter into a two-story marble foyer in this grand home. Formal f/p LR and DR. Large cherry cabinet Kitchen with center island gas cooktop and tile floor throughout. The Kitchen opens to a solarium Sunroom with full bath that adjoins to the FR. The sunken FR has a wetbar and gas fireplace. Master suite has full bath, double & walk-in closets with French doors to balcony. Walk-up attic for more potential. 450 s.f. finished LL Playroom.  Desirable Bear Hill location.
Unit Size
3,570 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$196
Property Type
House
Property Taxes
$599
HOA Dues
-
Year Built
1985

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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: 5 months ago (MLSPIN #70153759)

Price History

Date / Event Date Event Price
Jun 16, 2005 Sold
Premium
Sold
Mar 5, 2005 Listed by RE/MAX Village Properties $699,000
Listed by RE/MAX Village Properties
Mar 30, 2000 Sold
Premium
Sold
Feb 3, 2000 Listed by RE/MAX Village Properties $519,900
Listed by RE/MAX Village Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • 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: 2
  • Basement Area: 1,866
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,174
  • Total Building Area: 3,570
  • Gross Building Area: 6,318
  • Building Area: 3,570
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,570
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000001060
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Andover School District
  • School Tax School District: NO ANDOVER SD
  • Census Tract: 253205

Zoning

  • Zoning: R1

Geography

  • Account Number: M_234053_9
  • Parcel: NAND M:00064 B:00109 L:00000
  • Block: 109
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6782
  • Longitude: -71.0845

    Address

  • Full Address: 324 Bear Hill Rd
  • Address - House Number: 324
  • Address - Street Name: Bear Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: C029
  • 4-Digit Zip Code: 2144
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,117,400

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,102,295
  • High Value: 1,289,199
  • Low Value: 915,390

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,007,600
  • Assessed Land Value: $414,500
  • Assessed Improvements Value: $593,100

    Sales

  • Current Sale Recording Date: Jun 16, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 21495
  • Previous Sale Recording Date: Mar 30, 2000
  • Previous Sale Amount: $530,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2523 ft²

Average Home Age

72.6 years

Currently For Sale

1457 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: 5 months ago
Data Source: MLS PIN, MLS# 70153759

Frequently Asked Questions

When was property at 324 Bear Hill Road built and last sold?
The property at 324 Bear Hill Road was built in 1985 and last sold on Jan 1, 1970 for $689,000.
How much is this home worth?
The estimated value of the home located at 324 Bear Hill Road is $731,322.
What are some comparable homes to 324 Bear Hill Road?
There are currently no comparable homes to 324 Bear Hill Road.
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