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Essex 01810
43 Gray Road
$512,500
● House - Off Market

43 Gray Road

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,841 Ft²
$871,040
RealtyHop Estimate
76.00%
Since Feb 1, 2016
MA-Boston
Primary Model

About This Property

PICTURE PERFECT CAPE located in sought after South Andover location with excellent commuting access to Boston & North Shore. Welcome home to this well maintained Cape with numerous recent updates. The first floor features spacious eat-in kitchen which opens to fireplaced family room with sliders to private deck. Lovely dining room with chair-rail and hardwood floor. First floor den and bedroom. Upstairs you will find spacious master with double closets and 2 additional bedrooms. Recent updates include new windows, siding, roof, furnace and central air. Hardwood floors throughout. Walkout lower level with potential for future expansion. NEW BANCROFT SCHOOL. Commuter's dream location. OPEN HOUSE SUNDAY Oct 25th  11:30am-1:30pm.
Unit Size
1,841 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$269
Property Type
House
Property Taxes
$631
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: 5 months ago (MLSPIN #71923084)

Price History

Date / Event Date Event Price
Jan 4, 2016 Sold
Premium
Sold
Oct 23, 2015 Listed by William Raveis R.E. & Home Services $494,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,178
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,669
  • Total Building Area: 2,096
  • Gross Building Area: 4,310
  • Building Area: 2,096
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,096
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANDOVER
  • Land Acres: 0000001003
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00011 B:00001 L:0000C
  • Block: 1
  • Lot: C
  • Municipality: ANDOVER
  • Latitude: 42.6319
  • Longitude: -71.1013

    Address

  • Full Address: 43 Gray Rd
  • Address - House Number: 43
  • Address - Street Name: Gray
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C016
  • 4-Digit Zip Code: 2234
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,015,200

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 838,877
  • High Value: 981,508
  • Low Value: 696,246

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $743,200
  • Assessed Land Value: $435,300
  • Assessed Improvements Value: $307,900

    Sales

  • Current Sale Recording Date: Jan 04, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77
  • Previous Sale Recording Date: Aug 26, 2011
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.4 years

Currently For Sale

1448 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: 5 months ago
Data Source: MLS PIN, MLS# 71923084

Frequently Asked Questions

When was property at 43 Gray Road built and last sold?
The property at 43 Gray Road was built in 1975 and last sold on Jan 1, 1970 for $512,500.
How much is this home worth?
The estimated value of the home located at 43 Gray Road is $512,275.
What are some comparable homes to 43 Gray Road?
There are currently no comparable homes to 43 Gray Road.
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