$119,900
●
Condo -
Off Market
40 Colonial Dr #2
Andover, MA 01810
2 Beds
1 Bath
850 Ft²
$261,023
RealtyHop Estimate
117.70%
Since Apr 1, 2011
MA-Boston
Primary Model
About This Property
HIGHEST AND BEST OFFERS NEEDED BY 02/11/2011 NO EXCEPTIONS ! GREAT
LOCATION ! COLONIAL DRIVE CONDO, GREAT COMMUTER LOCATION ,
CLOSE TO ROUTES 495 AND 93. READY FOR A NEW OWNER. HOA FEES INCLUDE
HEAT , HOT WATER. You can purchase this property for as
little 3% down. It is approved for HomePath renovation financing.
PLEASE READ FIRM REMARKS
Unit Size
850 Ft²
Days on Market
-
Land Size
-
Price per sqft
$141
Property Type
Condo
Property Taxes
$185
HOA Dues
$355
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
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 #71170661)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2019 | Sold | ||
| Sold | |||
| Aug 21, 2019 | Listed by Premier Realty Group, Inc. | $212,900 | |
| Listed by Premier Realty Group, Inc. | |||
| | |||
|
Excellent opportunity for first time home buyers or downsizers! Lovely 2 bedroom condo in the Colonial Dr. Condominiums complex. Featuring an updated kitchen with stainless steel appliances. This first level apartment is conveniently located close to the laundry and storage facility making it as if laundry is "in-unit". Large bedroom with good size closets. 2 off street parking spaces. Pets are allowed with restrictions!
| |||
| Apr 29, 2019 | Sold | ||
| Sold | |||
| Mar 26, 2019 | Listed by Lamacchia Realty, Inc. | $200,000 | |
| Listed by Lamacchia Realty, Inc. | |||
| | |||
|
NEW TO MARKET! Wonderful Layout with the Living room opening to the Kitchen. Eat in Kitchen features Stainless Steel appliances and granite countertops and backsplash. Updated Bathroom features beautiful vanity with granite top. 2 Generous Sized Bedrooms with nice closet space. Colonial Drive Condominiums is a great complex with a Pool, tennis and basketball courts and a dog park. Quick highway access... just a perfect place for First time Homebuyers or Buyers looking to Downsize. Unit includes 2 Parking Spots and a Large Storage unit too.
| |||
| Mar 14, 2014 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 1
Rooms: 4
Basement: N
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: M:00085 B:00019 L:0B402, 1840792
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $168,600
Tax Annual Amount: $2,224
Utilities Details
Cooling Type: Window Unit(s), None
Heating Type: Baseboard, Oil
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Tennis Court(s)
HOA Fee: $355
Community Features: Pool, Tennis Court(s)
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
08/19/2025
|
2 Bed
|
1 Bath
|
934 ft²
|
$335,000
2 Bed
1 Bath
934 ft²
|
-
-
|
Chih-Cheng Chen
Chih-Cheng Chen
| |
|
11/19/2024
|
2 Bed
|
1 Bath
|
850 ft²
|
$329,900
2 Bed
1 Bath
850 ft²
|
$329,900
02/13/2025
|
Frank Spadafora
Century 21 North East
| |
|
10/11/2023
|
2 Bed
|
1 Bath
|
934 ft²
|
$289,900
2 Bed
1 Bath
934 ft²
|
$325,000
+12.11%
11/28/2023
|
Nicholas Cuevas
Compass
| |
|
09/16/2021
|
2 Bed
|
1 Bath
|
886 ft²
|
$289,900
2 Bed
1 Bath
886 ft²
|
$290,000
+0.03%
11/30/2021
|
Eric Asvestas
Gibson Sotheby's International Realty
| |
|
11/05/2020
|
2 Bed
|
1 Bath
|
934 ft²
|
$229,900
2 Bed
1 Bath
934 ft²
|
$235,000
+2.22%
01/15/2021
|
Christopher Barnard
Chinatti Realty Group, Inc.
| |
|
03/26/2019
|
2 Bed
|
1 Bath
|
850 ft²
|
$200,000
2 Bed
1 Bath
850 ft²
|
$207,000
+3.50%
04/29/2019
|
Steven Belesis
Citylight Homes LLC
| |
|
08/02/2019
|
2 Bed
|
1 Bath
|
934 ft²
|
$199,000
2 Bed
1 Bath
934 ft²
|
$201,000
+1.01%
10/21/2019
|
Eric Asvestas
Kelmark Associates
| |
|
08/13/2018
|
2 Bed
|
1 Bath
|
886 ft²
|
$199,900
2 Bed
1 Bath
886 ft²
|
$204,000
+2.05%
10/12/2018
|
Charles Zappala
Berkshire Hathaway HomeServices Verani Realty
| |
|
08/23/2017
|
2 Bed
|
1 Bath
|
934 ft²
|
$199,900
2 Bed
1 Bath
934 ft²
|
$205,000
+2.55%
09/25/2017
|
Donna Leone
Wilson Wolfe Real Estate
| |
|
09/30/2015
|
2 Bed
|
1 Bath
|
934 ft²
|
$167,000
2 Bed
1 Bath
934 ft²
|
$165,000
-1.20%
01/27/2016
|
Doug Morrow
Churchill Properties
| |
|
01/14/2014
|
2 Bed
|
1 Bath
|
850 ft²
|
$159,900
2 Bed
1 Bath
850 ft²
|
$156,000
-2.44%
03/14/2014
|
Kimberly O'Neil Mara
Century 21 North East
| |
|
10/15/2013
|
2 Bed
|
1 Bath
|
935 ft²
|
$159,900
2 Bed
1 Bath
935 ft²
|
$155,000
-3.06%
12/04/2013
|
John Bulman
Brad Hutchinson Real Estate
| |
|
05/03/2012
|
2 Bed
|
1 Bath
|
886 ft²
|
$135,000
2 Bed
1 Bath
886 ft²
|
$130,000
-3.70%
06/21/2012
|
Denise Gunn
RE/MAX Andrew Realty Services
| |
|
04/05/2011
|
2 Bed
|
1 Bath
|
886 ft²
|
$118,000
2 Bed
1 Bath
886 ft²
|
$118,000
08/19/2011
|
John Bulman
Brad Hutchinson Real Estate
| |
|
12/13/2010
|
2 Bed
|
1 Bath
|
850 ft²
|
$119,900
2 Bed
1 Bath
850 ft²
|
$119,900
03/16/2011
|
Kevin Forsley
Forsley Real Estate
| |
|
08/12/2010
|
2 Bed
|
1 Bath
|
886 ft²
|
$129,900
2 Bed
1 Bath
886 ft²
|
$129,000
-0.69%
12/16/2010
|
Linda Carrion
Tache Real Estate, Inc.
| |
|
08/03/2007
|
2 Bed
|
1 Bath
|
934 ft²
|
$219,900
2 Bed
1 Bath
934 ft²
|
$210,000
-4.50%
10/15/2007
|
Bonnie Goodman
Carlson GMAC Real Estate
| |
|
11/21/2006
|
2 Bed
|
1 Bath
|
886 ft²
|
$204,900
2 Bed
1 Bath
886 ft²
|
$200,000
-2.39%
04/05/2007
|
Jessica Sherman-Anderson
RE/MAX Encore
| |
|
05/11/2005
|
2 Bed
|
1 Bath
|
985 ft²
|
$214,900
2 Bed
1 Bath
985 ft²
|
$214,000
-0.42%
07/12/2005
|
Jennifer Robertson
The Realty Dot, Inc.
| |
|
02/23/2005
|
2 Bed
|
1 Bath
|
980 ft²
|
$229,000
2 Bed
1 Bath
980 ft²
|
$229,000
05/12/2005
|
James Beggan
Century 21 N. Shore RE
| |
|
08/06/2004
|
2 Bed
|
1 Bath
|
886 ft²
|
$225,000
2 Bed
1 Bath
886 ft²
|
$207,000
-8.00%
10/01/2004
|
Anna Rizzo
Exit Personal Choice Realty
| |
|
01/30/2003
|
2 Bed
|
1 Bath
|
950 ft²
|
$189,900
2 Bed
1 Bath
950 ft²
|
$180,000
-5.21%
03/31/2003
|
Elizabeth Marino
Century 21 N. Shore
| |
|
09/27/2002
|
2 Bed
|
1 Bath
|
934 ft²
|
$189,900
2 Bed
1 Bath
934 ft²
|
$180,000
-5.21%
11/15/2002
|
Catherine Wilson
Wilson Wolfe Real Estate
| |
|
06/23/2001
|
2 Bed
|
1 Bath
|
886 ft²
|
$135,000
2 Bed
1 Bath
886 ft²
|
$135,000
09/21/2001
|
Nancy D'Amico
Spartan Realty
| |
|
10/11/2000
|
2 Bed
|
1 Bath
|
9999 ft²
|
$125,000
2 Bed
1 Bath
9999 ft²
|
$125,000
01/08/2001
|
Jane Watson
Colonial Manor Realty
| |
|
04/01/2000
|
2 Bed
|
1 Bath
|
886 ft²
|
$129,900
2 Bed
1 Bath
886 ft²
|
$120,000
-7.62%
05/04/2000
|
Stephen DeCrescenzo
Century 21 North East
| |
|
09/16/1998
|
2 Bed
|
1 Bath
|
850 ft²
|
$82,000
2 Bed
1 Bath
850 ft²
|
$80,000
-2.44%
10/30/1998
|
Janice Fratus
Re/max Top Achievers, Inc.
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017