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Essex 01810
43 Bannister Rd
$315,000
● House - Off Market

43 Bannister Rd

Andover, MA 01810
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,125 Ft²
$441,533
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Newly renovated starter home with a brand new roof, fresh paint, and updated kitchen! Sunlight-filled rooms featuring hardwood floors throughout, skylights, and convenient 1st floor laundry. Large two car garage with driveway, huge lot and yard to make it your own! Located in the historic Ballardvale neighborhood with highly rated school system, ease of access to rt 93, commuter rail station less than a mile away, and Pomp's Pond recreational area.
Unit Size
1,125 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$276
Property Type
House
Property Taxes
$480
HOA Dues
-
Year Built
1880

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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 #72544427)

Price History

Date / Event Date Event Price
Nov 18, 2019 Sold
Premium
Sold
Aug 3, 2019 Listed by Commitment Realty Group $309,990
Listed by Commitment Realty Group
Nov 7, 2008 Sold
Premium
Sold
Oct 2, 2008 Listed by Commitment Realty Group $210,000
Listed by Commitment Realty Group
Sep 3, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 462
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 1,125
  • Gross Building Area: 1,665
  • Building Area: 1,125
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,125
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254403

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00137 B:00052 L:00000
  • Block: 52
  • Municipality: ANDOVER
  • Latitude: 42.6332
  • Longitude: -71.1674

    Address

  • Full Address: 43 Bannister Rd
  • Address - House Number: 43
  • Address - Street Name: Bannister
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C027
  • 4-Digit Zip Code: 5609
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $675,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 366,047
  • High Value: 425,043
  • Low Value: 307,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $494,200
  • Assessed Land Value: $295,400
  • Assessed Improvements Value: $198,800

    Sales

  • Current Sale Contract Date: Nov 15, 2019
  • Current Sale Recording Date: Nov 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29004
  • Previous Sale Recording Date: Nov 07, 2008
  • Previous Sale Amount: $228,000
  • 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

2534 ft²

Average Home Age

73 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72544427

Frequently Asked Questions

When was property at 43 Bannister Road built and last sold?
The property at 43 Bannister Road was built in 1880 and last sold on Nov 15, 2019 for $315,000.
How much is this home worth?
The estimated value of the home located at 43 Bannister Road is $317,950.
What are some comparable homes to 43 Bannister Road?
There are currently no comparable homes to 43 Bannister Road.
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