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Essex 01810
4 Mckenney Cir
$450,000
● House - Off Market

4 Mckenney Cir

Andover, MA 01810
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,326 Ft²
$431,262
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Opportunity knocks! 4 bedroom Cape Cod style home on quiet circle street located in the new West Elementary School district! This home features a light and bright living room with picture window and hardwood floors, an eat in kitchen, two first floor bedrooms with hardwood floors plus an attached garage with breezeway. Recent updates include new high efficient heating system and hot water heater and newer roof (2015).  The lower level includes laundry room and workshop. Close proximity to commuter routes, commuter rail, and downtown Andover makes this home an excellent buying opportunity at a very attractive price!
Unit Size
1,326 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$287
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1953

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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 years ago (MLSPIN #72877798)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Aug 6, 2021 Listed by Keller Williams Realty Boston-Metro | Back Bay $379,900
Listed by Keller Williams Realty Boston-Metro | Back Bay

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,158
  • Total Building Area: 1,591
  • Gross Building Area: 3,154
  • Building Area: 1,591
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,591
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254100

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00051 B:00054 L:00000
  • Block: 54
  • Municipality: ANDOVER
  • Latitude: 42.6805
  • Longitude: -71.1559

    Address

  • Full Address: 4 Mckenney Cir
  • Address - House Number: 4
  • Address - Street Name: Mckenney
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Andover
  • Carrier Code: C010
  • 4-Digit Zip Code: 1307
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $604,000

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 516,872
  • High Value: 604,024
  • Low Value: 429,721

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $442,200
  • Assessed Land Value: $218,000
  • Assessed Improvements Value: $224,200

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31153
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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72877798

Frequently Asked Questions

When was property at 4 McKenney Circle built and last sold?
The property at 4 McKenney Circle was built in 1953 and last sold on Sep 17, 2021 for $450,000.
How much is this home worth?
The estimated value of the home located at 4 McKenney Circle is $395,256.
What are some comparable homes to 4 McKenney Circle?
There are currently no comparable homes to 4 McKenney Circle.
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