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Essex
47 Elmcrest Rd
$445,000
● House - Off Market

47 Elmcrest Rd

North Andover, MA 01845
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,837 Ft²
$667,608
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

GREAT HOME!!! Move in ready Ranch with three bedrooms, 2.5 baths and over 1300 sq. ft. of living space.Large Kitchen with separate dining area. Living Room with fireplace. Sunroom porch off the Kitchen.Flat back yard all fenced with shed. Large finished basement with a fireplace has great Inlaw Potential! This home has so many possibilities. A true GEM!!!
Unit Size
1,837 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$245
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1960

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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 #72448311)

Price History

Date / Event Date Event Price
Apr 19, 2019 Sold
Premium
Sold
Jan 31, 2019 Listed by Coco, Early & Associates $449,900
Listed by Coco, Early & Associates

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,392
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,502
  • Total Building Area: 1,879
  • Gross Building Area: 3,222
  • Building Area: 1,879
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,879
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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: 253100

Zoning

  • Zoning: R4

Geography

  • Account Number: M_230789_9
  • Parcel: NAND M:00055 B:00025 L:00000
  • Block: 25
  • Municipality: NORTH ANDOVER
  • Latitude: 42.698
  • Longitude: -71.1243

    Address

  • Full Address: 47 Elmcrest Rd
  • Address - House Number: 47
  • Address - Street Name: Elmcrest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: C039
  • 4-Digit Zip Code: 2629
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $612,800

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 661,997
  • High Value: 777,476
  • Low Value: 546,517

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $552,600
  • Assessed Land Value: $286,400
  • Assessed Improvements Value: $266,200

    Sales

  • Current Sale Contract Date: Apr 19, 2019
  • Current Sale Recording Date: Apr 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 8220
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

2546 ft²

Average Home Age

73.2 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# 72448311

Frequently Asked Questions

When was property at 47 Elmcrest Road built and last sold?
The property at 47 Elmcrest Road was built in 1960 and last sold on Apr 19, 2019 for $445,000.
How much is this home worth?
The estimated value of the home located at 47 Elmcrest Road is $469,058.
What are some comparable homes to 47 Elmcrest Road?
There are currently no comparable homes to 47 Elmcrest Road.
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