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Essex 01810
38 River Rd
$290,000
● House - Off Market

38 River Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,547 Ft²
$666,920
RealtyHop Estimate
115.21%
Since Sep 1, 2012
National-US
Primary Model

About This Property

SHOUT OUT FOR THIS FRESH CAPE in convenient location. 2 car garage, fenced yard area protected by Town land left/rear. Attached breezeway or oversized mudroom with laundry room means plenty of room for every season. Open kitchen/dining and pretty fireplaced living room with 2 bay windows. Hardwood floors and newer windows in many rooms. Bonus full tiled bath on first floor. 2 front to back bedrooms upstairs with separate sitting area or desk area too. Newer roof too. YOU WON'T BE DISAPPOINTED.
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$200
Property Type
House
Property Taxes
$351
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: 5 months ago (MLSPIN #71359816)

Price History

Date / Event Date Event Price
Aug 28, 2012 Sold
Premium
Sold
Mar 28, 2012 Listed by Keller Williams Realty $309,900
Listed by Keller Williams Realty
Oct 9, 1998 Sold
Premium
Sold
Jun 28, 1998 Listed by Keller Williams Realty $209,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,505
  • Total Building Area: 1,547
  • Gross Building Area: 3,395
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARDY HOMESITES
  • Land Acres: 0000000379
  • 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:00127 B:00026 L:00000
  • Block: 26
  • Municipality: ANDOVER
  • Latitude: 42.6884
  • Longitude: -71.1941

    Address

  • Full Address: 38 River Rd
  • Address - House Number: 38
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C013
  • 4-Digit Zip Code: 1118
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $645,200

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 628,512
  • High Value: 729,950
  • Low Value: 527,075

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $472,300
  • Assessed Land Value: $244,600
  • Assessed Improvements Value: $227,700

    Sales

  • Current Sale Recording Date: Aug 28, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Oct 09, 1998
  • Previous Sale Amount: $202,000
  • 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

2533 ft²

Average Home Age

72.6 years

Currently For Sale

1471 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: 5 months ago
Data Source: MLS PIN, MLS# 71359816

Frequently Asked Questions

When was property at 38 River Road built and last sold?
The property at 38 River Road was built in 1950 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 38 River Road is $322,148.
What are some comparable homes to 38 River Road?
There are currently no comparable homes to 38 River Road.
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