$309,900
●
Condo -
Off Market
4A Colonial Dr #3
Andover, MA 01810
2 Beds
1 Bath
$2,425
Est. Monthly
$672
HOA / Fees
7.13%
Cap Rate
About This Property
Welcome home to this well maintained unit at the convenient and
highly desirable Colonial Drive Condominiums in Andover (tenant
VACATING by end of June). This corner unit sits on the main level,
with quick access to parking and laundry. It has a large primary
bedroom with ample closet space and a second bedroom offering the
flexibility for use as a home office or bedroom to fit your
specific needs. Enjoy the bright spacious living room and eat in
kitchen with granite countertops. Amenities include a basketball
court, an in-ground swimming pool, tennis courts, and an enclosed
dog park. Unit also includes storage area and 2 assigned parking
spots. With close proximity to the highway but tucked in a private
wooded area.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$231
HOA Dues
$672
Year Built
-
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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: 3 years ago (MLSPIN #73194236)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 8, 2024 | Relisted | $309,900 | |
| Relisted | |||
| Jan 23, 2024 | In contract | - | |
| In contract | |||
| Jan 17, 2024 | Listed by Redfin Corp. | $309,900 | |
| Listed by Redfin Corp. | |||
| Jun 21, 2007 | Sold | ||
| Sold | |||
| Feb 7, 2007 | Listed by Colonial Manor Realty | $175,000 | |
| Listed by Colonial Manor Realty | |||
| | |||
|
GREAT LOCATION & MINT CONDITION FOR THIS 2 BEDROOM UNIT AT COLONIAL DRIVE IN ANDOVER. COURTYARD VIEW - FRESH PAINT, BERBER CARPET, 0AK KITCHEN-INCLUDES REFRIGERATOR. CONDO FEE: POOL, HEAT, HOT WATER AND 2 ASSIGNED PARKING SPACES. STORAGE SPACE & LAUNDRY(New Washers & Dryers) JUST STEPS AWAY.A REAL VALUE!!! EASY TO SHOW!!
| |||
Property Highlights
Parking Available
Interior Details
Level: First
Features: Flooring - Stone/Ceramic Tile, Open Floorplan
Level: First
Features: Closet, Flooring - Wood, Window(s) - Bay/Bow/Box
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Level: First
Features: Closet, Flooring - Wood, Window(s) - Bay/Bow/Box
Level: First
Level: First
Features: Flooring - Wood, Window(s) - Bay/Bow/Box, Open Floorplan
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Tile, Vinyl
Laundry Features: In Building
Rooms: 4
Basement: N
Parking Details
Parking Features: Off Street, Assigned
Exterior Details
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Colonial Drive Condominiums
Structure Type: Garden, Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame, Brick
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: APT
Parcel Number: M:00085 B:00019 L:B043A, 1840925
Water Source: Public
Financial Details
Tax Assessed Value: $202,600
Tax Annual Amount: $2,768
Utilities Details
Utilities: for Electric Range
Cooling Type: Other
Heating Type: Baseboard, Natural Gas
Sewer : Other
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Pool, Laundry, Tennis Court(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $672
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - On Site
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 |
|---|---|---|---|---|---|---|---|
|
01/17/2024
|
2 Bed
|
1 Bath
|
-
|
$309,900
2 Bed
1 Bath
|
-
-
|
Patricia Nunez
Redfin Corp.
| |
|
08/03/2017
|
1 Bed
|
1 Bath
|
719 ft²
|
$139,900
1 Bed
1 Bath
719 ft²
|
$150,000
+7.22%
08/28/2017
|
Sharon Coskren
Leading Edge Real Estate
| |
|
07/22/2014
|
1 Bed
|
1 Bath
|
719 ft²
|
$126,500
1 Bed
1 Bath
719 ft²
|
$118,000
-6.72%
08/29/2014
|
Jerry Song
Coldwell Banker Realty - Andover
| |
|
02/28/2014
|
2 Bed
|
1 Bath
|
830 ft²
|
$164,900
2 Bed
1 Bath
830 ft²
|
$164,900
05/30/2014
|
The Janice Sullivan Team
LAER Realty Partners
| |
|
06/06/2011
|
1 Bed
|
1 Bath
|
719 ft²
|
$119,900
1 Bed
1 Bath
719 ft²
|
$115,000
-4.09%
09/14/2011
|
Mark Nelson
Leading Edge Real Estate
| |
|
11/11/2009
|
1 Bed
|
1 Bath
|
480 ft²
|
$84,900
1 Bed
1 Bath
480 ft²
|
$83,000
-2.24%
07/30/2010
|
Bruce Lord
Lord Properties
| |
|
10/25/2007
|
1 Bed
|
1 Bath
|
719 ft²
|
$139,900
1 Bed
1 Bath
719 ft²
|
$133,000
-4.93%
02/14/2008
|
Janet Crispo
Century 21 Spindler & O'Neil Associates
| |
|
03/29/2007
|
Studio
|
1 Bath
|
470 ft²
|
$92,750
Studio
1 Bath
470 ft²
|
$93,000
+0.27%
05/01/2007
|
Lorraine Malloy
J. Mulkerin Realty
| |
|
02/07/2007
|
2 Bed
|
1 Bath
|
792 ft²
|
$175,000
2 Bed
1 Bath
792 ft²
|
$172,500
-1.43%
06/21/2007
|
Maureen Giuliano
Classified Realty Group
| |
|
09/15/2005
|
2 Bed
|
1 Bath
|
830 ft²
|
$219,900
2 Bed
1 Bath
830 ft²
|
$208,000
-5.41%
03/15/2006
|
David Kosta
Residential Realty Group
| |
|
09/07/2005
|
2 Bed
|
1 Bath
|
830 ft²
|
$199,900
2 Bed
1 Bath
830 ft²
|
$195,000
-2.45%
04/28/2006
|
J. Michael Dowling
Carlson GMAC Real Estate
| |
|
03/10/2003
|
Studio
|
1 Bath
|
480 ft²
|
$93,900
Studio
1 Bath
480 ft²
|
$93,900
05/22/2003
|
Marilyn Burke
Keller Williams Realty Boston South West
| |
|
05/30/2001
|
2 Bed
|
1 Bath
|
830 ft²
|
$139,900
2 Bed
1 Bath
830 ft²
|
$135,000
-3.50%
08/31/2001
|
Susan Cantone
Century 21 Spindler & O'Neil Associates
| |
|
07/25/2000
|
1 Bed
|
1 Bath
|
480 ft²
|
$69,900
1 Bed
1 Bath
480 ft²
|
$67,000
-4.15%
09/29/2000
|
Jane Watson
Colonial Manor Realty
| |
|
08/25/1997
|
1 Bed
|
1 Bath
|
719 ft²
|
$62,500
1 Bed
1 Bath
719 ft²
|
$59,500
-4.80%
10/31/1997
|
Myrna Tichenor
Colonial Manor Realty
|
Building Info
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