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Essex 01810
4 Somerset Drive
Photo of 4 Somerset Drive
Sold on Feb 17, 2006

1

Map

$810,000
● House - Off Market

4 Somerset Drive

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,237 Ft²
$1,410,807
RealtyHop Estimate
70.00%
Since Mar 1, 2006
National-US
Primary Model

About This Property

Located in the desirable Somerset neighborhood,this young home boasts 9+ lrg. rms including: 2 story fam rm with balcony and a floor to ceiling stone FP;gourmet granite kitchen;formal living & dining rooms;play room/au pair suite;master suite with a luxurious master bath and a huge walk in closet. The lower level is finished and has a gas fireplace. Amenities incl:central air and vacuum;sprink. & sec. syst.;gas heat;town serv.;profess.lndscp.acre lot and newly painted exterior.
Unit Size
3,237 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$256
Property Type
House
Property Taxes
$702
HOA Dues
-
Year Built
1997

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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 #70248039)

Price History

Date / Event Date Event Price
Feb 17, 2006 Sold
Premium
Sold
Aug 26, 2005 Listed $829,900
Listed
Jun 3, 2002 Sold
Premium
Sold
Nov 27, 2001 Listed $699,900
Listed

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,580
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,711
  • Gross Building Area: 5,952
  • Building Area: 3,711
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,711
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOMERSET VILLAGE
  • Land Acres: 0000001000
  • 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:00128 B:00045 L:00000
  • Block: 45
  • Municipality: ANDOVER
  • Latitude: 42.6807
  • Longitude: -71.1923

    Address

  • Full Address: 4 Somerset Dr
  • Address - House Number: 4
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C013
  • 4-Digit Zip Code: 1245
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,348,900

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,263,531
  • High Value: 1,479,119
  • Low Value: 1,047,942

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $987,500
  • Assessed Land Value: $454,300
  • Assessed Improvements Value: $533,200

    Sales

  • Current Sale Recording Date: Feb 17, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5376
  • Previous Sale Recording Date: Jun 03, 2002
  • Previous Sale Amount: $690,000
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70248039

Frequently Asked Questions

When was property at 4 Somerset Drive built and last sold?
The property at 4 Somerset Drive was built in 1997 and last sold on Jan 1, 1970 for $810,000.
How much is this home worth?
The estimated value of the home located at 4 Somerset Drive is $852,609.
What are some comparable homes to 4 Somerset Drive?
There are currently no comparable homes to 4 Somerset Drive.
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