$527,110
●
Multifamily -
Off Market
348 River Road #A2
Andover, MA 01810
3 Beds
3 Baths
2,207 Ft²
$887,755
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model
About This Property
BRAND NEW condex in High Plain/Wood Hill school district is ready
for your selections! 3 full levels of living area! Attractive
Farmer's porch will provide endless enjoyment for morning coffee &
an early evening glass of wine. 1 car garage under. First floor
features hardwood floors, white eat-in Kitchen w/ granite
counters and SS appliances. Living room has a gas fireplace.
Front to back Family Room and full bath. Second floor
features 2 good sized bedrooms and full bath. Third floor is
all about the Master Bedroom - lots of space, spacious full bath
and walk-in closet!
Unit Size
2,207 Ft²
Days on Market
-
Land Size
1.30 acres
Price per sqft
$227
Property Type
Multifamily
Property Taxes
-
HOA Dues
$75
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 months ago (MLSPIN #71804222)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2015 | Sold | ||
| Sold | |||
| Mar 19, 2015 | Listed by Compass | $499,900 | |
| Listed by Compass | |||
| | |||
|
BRAND NEW condex in High Plain/Wood Hill school district is ready for your selections! 3 full levels of living area! Attractive Farmer's porch will provide endless enjoyment for morning coffee & an early evening glass of wine. 1 car garage under. First floor features hardwood floors, white eat-in Kitchen w/ granite counters and SS appliances. Living room has a gas fireplace. Front to back Family Room and full bath. Second floor features 2 good sized bedrooms and full bath. Third floor is all about the Master Bedroom - lots of space, spacious full bath and walk-in closet!
| |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Garage
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Garage Door Opener, Off Street, Deeded, Paved, Under
Garage Spaces: 1
Interior Details
Full Bathrooms: 3
Appliances: Range, Dishwasher, Microwave
Flooring Type: Wood, Tile, Carpet
Door Features: Insulated Doors
Laundry Features: In Unit, Electric Dryer Hookup, Washer Hookup, Second Floor
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 2207
Year Built Source: Builder
Year Built: 2015
Building Area Total: 2207
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Porch, Deck
Lot Size Area: 1.3
Lot Size Units: Acres
Lot Size Acres: 1.3
Lot Size Square Feet: 56628
Tax Lot: 00000
Water Source: Public
Financial Details
Tax Map Number: 215
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Propane
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Insurance, Maintenance Grounds, Snow Removal
HOA Fee: $75
HOA Fee Frequency: Monthly
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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