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Essex
35 Putnam Rd
$550,000
● House - Off Market

35 Putnam Rd

North Andover, MA 01845
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,174 Ft²
$823,054
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Come home to this fully renovated cape nestled in the highly desirable Library Area of North Andover!  This completely renovated home provides you with all the updates you've been waiting for.  The open kitchen and dining room layout makes entertaining a must. Step out into your backyard oasis to feel true tranquility. The brand new patio, fire pit, and vinyl fenced-in yard will make your outdoor entertaining space one to envy!  The third bedroom on the main level allows for the perfect guest room or office.  The second floor features a full bath with a tub/shower and granite countertop.  Renovations for this home include a new heating system, new insulation, updated electrical, and brand new finishes throughout.  This turn key gem is waiting for you to call it home!
Unit Size
2,174 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$258
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
1950

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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 #72496590)

Price History

Date / Event Date Event Price
Dec 29, 2021 Sold
Premium
Sold
Nov 19, 2021 Listed by Encore Realty $623,900
Listed by Encore Realty
Jun 21, 2019 Sold
Premium
Sold
May 8, 2019 Listed by Encore Realty $559,900
Listed by Encore Realty
May 30, 2018 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 15
  • 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: 982
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,999
  • Total Building Area: 1,683
  • Gross Building Area: 3,411
  • Building Area: 1,683
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,683
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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: 253100

Zoning

  • Zoning: R4

Geography

  • Account Number: M_230167_9
  • Parcel: NAND M:00021 B:00015 L:00000
  • Block: 15
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6946
  • Longitude: -71.1318

    Address

  • Full Address: 35 Putnam Rd
  • Address - House Number: 35
  • Address - Street Name: Putnam
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: C036
  • 4-Digit Zip Code: 3713
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $734,500

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 760,728
  • High Value: 877,159
  • Low Value: 644,296

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $662,300
  • Assessed Land Value: $279,400
  • Assessed Improvements Value: $382,900

    Sales

  • Current Sale Contract Date: Dec 29, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 42210
  • Previous Sale Recording Date: Jun 21, 2019
  • Previous Sale Contract Date: Jun 12, 2019
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: O
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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# 72496590

Frequently Asked Questions

When was property at 35 Putnam Road built and last sold?
The property at 35 Putnam Road was built in 1950 and last sold on Dec 29, 2021 for $710,000.
How much is this home worth?
The estimated value of the home located at 35 Putnam Road is $629,190.
What are some comparable homes to 35 Putnam Road?
There are currently no comparable homes to 35 Putnam Road.
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