$180,000
●
Condo -
Off Market
40 Colonial Drive #4
Andover, MA 01810
2 Beds
1 Bath
950 Ft²
$404,178
RealtyHop Estimate
112.84%
Since Apr 1, 2003
MA-Boston
Primary Model
About This Property
LOVELY 2 BDRM, 2ND FLR CONDO. UNIT FEATURES 2 GD SIZE BDRMS,
LG LR W/SLIDER TO BALCONY, OAK KIT W/DINING AREA. CONDO FEE
INCLUDES HEAT AND HOT WATER. CONDO FEE $293.57
Unit Size
950 Ft²
Days on Market
-
Land Size
-
Price per sqft
$200
Property Type
Condo
Property Taxes
$136
HOA Dues
$294
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: 4 years ago (MLSPIN #30685039)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2018 | Sold | ||
| Sold | |||
| Aug 13, 2018 | Listed by eXp Realty | $199,900 | |
| Listed by eXp Realty | |||
| | |||
|
Large second floor corner unit in Colonial Drive . This four room 2 bedroom unit is one of the larger units. Updated kitchen with a dining area, Open living room with sliders to a balcony, and 2 generous bedrooms. Two handy parking spots, Heat, hot water included in condo fee. Association pool, tennis and basketball courts. Well kept grounds. Great location for commuters close to highways, shopping, etc.
| |||
| Jun 21, 2012 | Sold | ||
| Sold | |||
| May 3, 2012 | Listed by ERA Andrew Realty | $135,000 | |
| Listed by ERA Andrew Realty | |||
| | |||
|
Must see this bright & roomy two bedroom corner unit. Eat in kitchen with tiled backsplash, ceramic tile floors & breakfast bar - tiled bath with oak vanity and cabinet - both bedrooms have generous closet space - tiled entry area and tiled area to balcony. Two assigned parking spaces, plus the condition of the unit, make the ease of coming home! Located on the North Reading town line - Easy access to local conveniences, as well as Routes 28, 62, 93 & 125 & 495
| |||
| Apr 5, 2007 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Level: Second
Width: 8
Length: 18
Area: 144
Level: Second
Width: 11
Length: 12
Area: 132
Length: 16
Level: Second
Area: 288
Width: 18
Level: Second
Length: 15
Width: 11
Area: 165
Full Bathrooms: 1
Appliances: Gas Water Heater
Flooring Type: Carpet, Concrete
Rooms: 4
Basement: N
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Andover's Colonial Drive Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: 1840786
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $140,800
Tax Annual Amount: $1,638
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Private Sewer, Private Sewerage
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Sewer, Insurance, Road Maintenance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Hot Water, Pool, Tennis Court(s)
HOA Fee: $294
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