$445,000
●
Condo -
Off Market
348 River Road #3
Andover, MA 01810
3 Beds
3 Baths
2,331 Ft²
$758,674
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model
About This Property
WOW! FABULOUS opportunity to own in Andover - AND only $ 193.00 per
sq. ft. Free-standing condo w/ 3 full floors of living area.
Existing 1st has been renovated & aBRAND NEW second & third
floor added providing all of the space and privacy of a single
family home - without the maintenance! This unit has an exclusive
use area of land for ONLY the owners/occupants of this unit.
First floor features large Kitchen w/ cherry cabinets,
granite counters & tile flooring plus refrigerator, stove,
microwave & dishwasher. Full bath w/ laundry, Dining Room & Family
Room. Brand new 2nd floor has Master Bedroom Suite w/ tiled
shower stall plus large 2nd bedroom w/ large closets. Finished 3rd
floor has another bedroom or Playroom/Office - oversized !
Full basement. Propane heat, central air. There are 3
condos in this association - the other 2 have been sold at higher
prices. High Plain/ Wood Hill school district. Only minutes to Rtes
93 & 495. Can accommodate a quick closing.
Unit Size
2,331 Ft²
Days on Market
-
Land Size
1.30 acres
Price per sqft
$193
Property Type
Condo
Property Taxes
-
HOA Dues
$108
Year Built
-
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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 years ago (MLSPIN #72029205)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2016 | Sold | ||
| Sold | |||
| Jun 24, 2016 | Listed by Doherty Properties | $449,900 | |
| Listed by Doherty Properties | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Width: 13
Length: 19
Features: Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances
Area: 247
Level: Second
Area: 72
Width: 8
Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Length: 9
Area: 78
Features: Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Length: 13
Level: First
Width: 6
Level: Second
Features: Closet, Flooring - Wall to Wall Carpet
Width: 12
Length: 12
Area: 144
Width: 11
Features: Flooring - Hardwood
Length: 13
Level: First
Area: 143
Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
Width: 18
Length: 28
Area: 504
Level: Third
Length: 15
Level: First
Features: Flooring - Hardwood
Width: 12
Area: 180
Width: 8
Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: Second
Area: 168
Length: 21
Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: Second
Length: 19
Width: 14
Area: 266
Features: Yes
Full Bathrooms: 3
Appliances: Range, Dishwasher, Microwave, Refrigerator, Propane Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet, Hardwood
Laundry Features: In Unit, Washer Hookup
Rooms: 6
Basement: Y
Parking Details
Parking Features: Off Street, Deeded, Paved
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate, Renovated Since, Under Construction
PropertySubType: Condominium
Structure Type: Detached
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Area: 1.3
Lot Size Units: Acres
Lot Size Acres: 1.3
Zoning: SRC
Parcel Number: 4913890
Water Source: Public
Financial Details
Tax Map Number: 215
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas, Individual, Propane
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Insurance, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $108
Community Features: Walk/Jog Trails, Stable(s), Golf, Highway Access, House of Worship, Public School
Pets Allowed: Yes
Complex is Completed
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/01/2019
|
3 Bed
|
3 Bath
|
2498 ft²
|
$529,900
3 Bed
3 Bath
2498 ft²
|
$545,000
+2.85%
06/13/2019
|
The Rental Team
Hayden Rowe Properties
| |
|
06/24/2016
|
3 Bed
|
3 Bath
|
2331 ft²
|
$449,900
3 Bed
3 Bath
2331 ft²
|
$445,000
-1.09%
10/18/2016
|
Christian Doherty
Doherty Properties
| |
|
03/19/2015
|
Loft
|
3 Bath
|
2410 ft²
|
$525,000
Loft
3 Bath
2410 ft²
|
$508,600
-3.12%
07/27/2015
|
Bonus Varghese Thopurathu
MARG Homes LLC
| |
|
03/19/2015
|
Loft
|
3 Bath
|
2207 ft²
|
$499,900
Loft
3 Bath
2207 ft²
|
$527,110
+5.44%
07/21/2015
|
Peggy Patenaude
William Raveis R.E. & Home Services
| |
|
11/22/2013
| |
7 Bed
|
4 Bath
|
4200 ft²
|
$549,000
7 Bed
4 Bath
4200 ft²
|
$445,000
-18.94%
06/23/2014
|
Jim Scali
Bean Group
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017