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Essex 01810
40 Topping Rd
$407,000
● House - Off Market

40 Topping Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,611 Ft²
$699,821
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Terrific Colonial style home recently renovated and expanded with modern flair. 3 bedrooms & 2 new baths, Come see for yourself! This home offers a New Kitchen with granite counter tops, all stainless appliances including gas stove, refrigerator, dishwasher and microwave. Beautiful maple hardwood floors and new  mohawk carpets. Fabulous master suite, bath room has tiled shower and a large walk in closet. Huge three season sun room overlooking the rear yard and a deck off the kitchen. Completely rewired electric with a new breaker panel, New plumbing, New heating elements, LED lighting, heating system (approx) 4 years. New first floor bedroom and laundry room! Easy access to Rt 495 and downtown for shopping, restaurants, etc.
Unit Size
1,611 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$258
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1930

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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 #72055786)

Price History

Date / Event Date Event Price
Oct 17, 2016 Sold
Premium
Sold
Aug 19, 2016 Listed by Tache Real Estate, Inc. $415,000
Listed by Tache Real Estate, Inc.
Mar 31, 2016 Sold
Premium
Sold
Jan 20, 2016 Listed by Tache Real Estate, Inc. $249,900
Listed by Tache Real Estate, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,191
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,949
  • Gross Building Area: 4,570
  • Building Area: 1,949
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,949
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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:00107 L:00000
  • Block: 107
  • Municipality: ANDOVER
  • Latitude: 42.6789
  • Longitude: -71.1572

    Address

  • Full Address: 40 Topping Rd
  • Address - House Number: 40
  • Address - Street Name: Topping
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C010
  • 4-Digit Zip Code: 1311
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $752,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 634,673
  • High Value: 734,922
  • Low Value: 534,423

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $551,100
  • Assessed Land Value: $213,800
  • Assessed Improvements Value: $337,300

    Sales

  • Current Sale Recording Date: Oct 17, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 114981
  • Previous Sale Recording Date: Mar 31, 2016
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: O
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72055786

Frequently Asked Questions

When was property at 40 Topping Road built and last sold?
The property at 40 Topping Road was built in 1930 and last sold on Jan 1, 1970 for $407,000.
How much is this home worth?
The estimated value of the home located at 40 Topping Road is $424,954.
What are some comparable homes to 40 Topping Road?
There are currently no comparable homes to 40 Topping Road.
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