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Essex
45 Forest
$660,000
● House - Off Market

45 Forest

North Andover, MA 01845
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,638 Ft²
$609,553
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Presenting this warm and inviting New England cape located just two miles from the Olde Centre!  Complete with center chimney, first floor bedroom potential, and large flat backyard,  this home offers such ease of living.  First floor features a fireplaced living room complete with window seat, dining room, kitchen, full bath & bedroom / office.   Heading to the second floor you will appreciate the two huge bedrooms, a second full bath and, as a bonus, an oversized cedar closet.  Many extras include a standby Generac Generator, new windows, and hardwood floors.   This home has also been freshly painted....interior as well as exterior.  Charm, convenience, and meticulous care are just a few words to describe this very special home.
Unit Size
1,638 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$366
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
1958

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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 #72968008)

Price History

Date / Event Date Event Price
Jun 29, 2022 Sold
Premium
Sold
Apr 19, 2022 Listed by Coldwell Banker Realty - Andover $599,900
Listed by Coldwell Banker Realty - Andover
Jul 31, 2009 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,928
  • Total Building Area: 1,638
  • Gross Building Area: 2,808
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARRWOOD ACRES 01
  • Land Acres: 0000000710
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Andover School District
  • School Tax School District: NO ANDOVER SD
  • Census Tract: 253205

Zoning

  • Zoning: R1

Geography

  • Account Number: M_235449_9
  • Parcel: NAND M:00106 B:A0071 L:00000
  • Block: A0071
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6635
  • Longitude: -71.0675

    Address

  • Full Address: 45 Forest St
  • Address - House Number: 45
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Andover
  • Carrier Code: R010
  • 4-Digit Zip Code: 3203
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $699,000

    Appraisal Valuation

  • Standard Deviation: 0.1539
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 711,657
  • High Value: 821,208
  • Low Value: 602,105

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $630,300
  • Assessed Land Value: $363,600
  • Assessed Improvements Value: $266,700

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15418
  • Previous Sale Recording Date: Jul 31, 2009
  • Previous Sale Amount: $365,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2550 ft²

Average Home Age

72.4 years

Currently For Sale

1469 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: 5 months ago
Data Source: MLS PIN, MLS# 72968008

Frequently Asked Questions

When was property at 45 Forest Street built and last sold?
The property at 45 Forest Street was built in 1958 and last sold on Jun 28, 2022 for $660,000.
How much is this home worth?
The estimated value of the home located at 45 Forest Street is $614,438.
What are some comparable homes to 45 Forest Street?
There are currently no comparable homes to 45 Forest Street.
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