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Essex 01810
329 River Road
$245,000
● House - Off Market

329 River Road

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,482 Ft²
$648,107
RealtyHop Estimate
131.55%
Since Jan 1, 2012
National-US
Primary Model

About This Property

A lot of potential for this adorable Cape!  Comfortably set on 1+ acres this home offers plenty of room to play, 3-4 bedrooms, 2 FULL baths-one on each floor, spacious living room, and a very useful mud room located conveniently off of the kitchen.  Just minutes from Route 93 and 495 and the unique shops of downtown - this home is a great opportunity to own in the desirable Town of Andover! Needs new septic system.
Unit Size
1,482 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$189
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1962

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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 #71252431)

Price History

Date / Event Date Event Price
Dec 20, 2011 Sold
Premium
Sold
Jun 23, 2011 Listed by Coco, Early & Associates $279,900
Listed by Coco, Early & Associates

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 988
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 1,825
  • Gross Building Area: 3,718
  • Building Area: 1,825
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,825
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANDOVER
  • Land Acres: 0000001010
  • 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:00215 B:00007 L:0000A
  • Block: 7
  • Lot: A
  • Municipality: ANDOVER
  • Latitude: 42.6702
  • Longitude: -71.2322

    Address

  • Full Address: 329 River Rd
  • Address - House Number: 329
  • 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: $894,200

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 839,019
  • High Value: 969,139
  • Low Value: 708,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $654,600
  • Assessed Land Value: $418,700
  • Assessed Improvements Value: $235,900

    Sales

  • Current Sale Recording Date: Dec 20, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000003
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71252431

Frequently Asked Questions

When was property at 329 River Road built and last sold?
The property at 329 River Road was built in 1962 and last sold on Jan 1, 1970 for $245,000.
How much is this home worth?
The estimated value of the home located at 329 River Road is $296,620.
What are some comparable homes to 329 River Road?
There are currently no comparable homes to 329 River Road.
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