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Essex
40 Cedar Lane
$405,000
● House - Off Market

40 Cedar Lane

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,652 Ft²
$1,150,687
RealtyHop Estimate
195.12%
Since Jun 1, 2000
MA-Boston
Primary Model

About This Property

A GEM-OWNERS PRIDE SHINES THROUGH! GREAT FAMILY NEIGHBORHOOD CUL-DE-SAC, MANICURED GARDENS, QUIET SETTING, ANNIE SARGENT SCHOOL. OVER SIZED GARAGE WITH STUDIO/GAME ROOM AND LOFT. YEAR ROUND SUNROOM, SKYLIGHTS, WATER SOFTENER SYSTEM & MORE!
Unit Size
2,652 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$147
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1975

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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 years ago (MLSPIN #30390433)

Price History

Date / Event Date Event Price
Nov 3, 2020 Sold
Premium
Sold
Sep 24, 2020 Listed by Prudential Howe & Doherty $500,000
Listed by Prudential Howe & Doherty
May 31, 2000 Sold
Premium
Sold
Mar 6, 2000 Listed by Prudential Howe & Doherty $389,900
Listed by Prudential Howe & Doherty

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 2
  • Basement Area: 1,917
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,708
  • Total Building Area: 2,692
  • Gross Building Area: 5,510
  • Building Area: 2,692
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,692
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001210
  • 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: 253205

Zoning

  • Zoning: R1

Geography

  • Account Number: M_236273_9
  • Parcel: NAND M:00106 B:A0141 L:00000
  • Block: A0141
  • Municipality: NORTH ANDOVER
  • Latitude: 42.655
  • Longitude: -71.0575

    Address

  • Full Address: 40 Cedar Ln
  • Address - House Number: 40
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Andover
  • Carrier Code: R010
  • 4-Digit Zip Code: 3202
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $813,800

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 816,655
  • High Value: 954,773
  • Low Value: 678,537

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $733,800
  • Assessed Land Value: $394,500
  • Assessed Improvements Value: $339,300

    Sales

  • Current Sale Contract Date: Oct 28, 2020
  • Current Sale Recording Date: Nov 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30428
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

2546 ft²

Average Home Age

73.2 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30390433

Frequently Asked Questions

When was property at 40 Cedar Lane built and last sold?
The property at 40 Cedar Lane was built in 1975 and last sold on Oct 28, 2020 for $530,000.
How much is this home worth?
The estimated value of the home located at 40 Cedar Lane is $0.
What are some comparable homes to 40 Cedar Lane?
There are currently no comparable homes to 40 Cedar Lane.
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