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Essex
340 Andover St
$402,000
● House - Off Market

340 Andover St

Georgetown, MA 01833
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,663 Ft²
$560,687
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Perfectly positioned Cape overlooking Black Swan Golf course. Set way back on a long drive way this Cape faces West to allow for an abundance of the sun's ray to beam in. The open concept kitchen and dining area are spacious and are ready for you to gather and enjoy meals. Hardwoods floors and a wood stove makes this living room cozy and inviting. Home is ready for your loving updates and finish it to its full potential. Looking to have a mini farm, here you are. Garden area, Garage or Barn. Georgetown is a sought after area and this location near the Golf Course is even better.
Unit Size
1,663 Ft²
Days on Market
-
Land Size
1.89 acres
Price per sqft
$240
Property Type
House
Property Taxes
$485
HOA Dues
-
Year Built
1987

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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 #72645877)

Price History

Date / Event Date Event Price
Jun 16, 2020 Sold
Premium
Sold
Apr 20, 2020 Listed by Bentley's $399,900
Listed by Bentley's
Oct 9, 2003 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 82,253
  • Total Building Area: 1,663
  • Gross Building Area: 3,072
  • Building Area: 1,663
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,663
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001888
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Georgetown School District
  • School Tax School District: GEORGETOWN SD
  • Census Tract: 265101

Geography

  • District: 105
  • Parcel: GEOR M:00002 B:00000 L:00034
  • Lot: 34
  • Municipality: GEORGETOWN
  • Latitude: 42.7138
  • Longitude: -71.0163

    Address

  • Full Address: 340 Andover St
  • Address - House Number: 340
  • Address - Street Name: Andover
  • Address - Suffix Type: St
  • State: MA
  • City Name: Georgetown
  • Carrier Code: R015
  • 4-Digit Zip Code: 1306
  • Zip Code: 01833

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $557,200

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 572,255
  • High Value: 670,222
  • Low Value: 474,289

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $444,000
  • Assessed Land Value: $217,000
  • Assessed Improvements Value: $227,000

    Sales

  • Current Sale Contract Date: Jun 12, 2020
  • Current Sale Recording Date: Jun 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200616004470
  • Previous Sale Recording Date: Oct 09, 2003
  • Previous Sale Amount: $250,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.6 years

Currently For Sale

1470 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# 72645877

Frequently Asked Questions

When was property at 340 Andover Street built and last sold?
The property at 340 Andover Street was built in 1987 and last sold on Jun 12, 2020 for $402,000.
How much is this home worth?
The estimated value of the home located at 340 Andover Street is $418,240.
What are some comparable homes to 340 Andover Street?
There are currently no comparable homes to 340 Andover Street.
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