For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
Check Availability
Essex 01810
48 Gray Road
Photo of 48 Gray Road

38

Map

Photo of 48 Gray Road
Photo of 48 Gray Road
$849,900
● House - In Contract

48 Gray Road

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,554 Ft²
$4,998
Est. Monthly

About This Property

Want to live in a home that feels like a real-life treehouse? Surrounded by trees, this home offers incredible privacy while still giving you the convenience of a great location.Inside, there's so much space to spread out, including four bedrooms, two full bathrooms, and a flexible playroom or bonus family room. The show-stopping family room features cathedral ceilings and walls of glass overlooking the private backyard-the perfect spot for holidays, game days, and gatherings with friends.A cozy sunroom, ample storage, and a newer roof and septic system complete the package. Plus, you're close to conservation trails, commuter routes, and downtown Andover!
Unit Size
2,554 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$333
Property Type
House
Property Taxes
$824
HOA Dues
-
Year Built
1970

Listed By

The Optimium Team
eXp Realty LLC - Corporate Office

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 days ago (MLSPIN #73578102)

Price History

Date / Event Date Event Price
Sep 30, 2026 In contract -
In contract
Sep 16, 2026 Listed by Classified Realty Group $849,900
Listed by Classified Realty Group
Sep 29, 2023 Sold
Premium
Sold
Aug 1, 2023 In contract -
In contract
Jul 26, 2023 Listed by Classified Realty Group $749,900
Listed by Classified Realty Group
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Paved, Off Street
Garage Spaces: 2
Open Parking Spaces: 6
Interior Details
Full Bathrooms: 2
Interior Features: Cathedral Ceiling(s), Sun Room, Play Room, Exercise Room
Appliances: Water Heater
Flooring Type: Tile, Vinyl, Carpet, Hardwood, Laminate, Flooring - Stone/Ceramic Tile
Laundry Features: In Basement, Flooring - Stone/Ceramic Tile
Rooms: 8
Basement: Partial, Partially Finished, Walk-Out Access, Interior Entry, Concrete, Garage Access, Radon Remediation System
Exterior Details
Square Footage: 2554
Architectural Style: Split Entry
Year Built Source: Public Records
Year Built: 1970
Building Area Total: 2554
Building Area Units: Square Feet
Construction Materials: Frame
Lot Features: Wooded
Lot Size Area: 1.03
Lot Size Units: Acres
Lot Size Acres: 1.03
Lot Size Square Feet: 44954
Water Source: Public
Financial Details
Tax Assessed Value: $791,900
Tax Annual Amount: $9,891
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Baseboard, Oil
Sewer : Private Sewer

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,672
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,954
  • Total Building Area: 2,554
  • Gross Building Area: 3,390
  • Building Area: 2,554
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,554
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANDOVER
  • Land Acres: 0000001032
  • 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:00010 B:00006 L:0000F
  • Block: 6
  • Lot: F
  • Municipality: ANDOVER
  • Latitude: 42.6324
  • Longitude: -71.1003

    Address

  • Full Address: 48 Gray Rd
  • Address - House Number: 48
  • Address - Street Name: Gray
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C016
  • 4-Digit Zip Code: 2219
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $934,300

    Appraisal Valuation

  • Standard Deviation: 0.1705
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 839,093
  • High Value: 982,240
  • Low Value: 695,945

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $684,000
  • Assessed Land Value: $435,000
  • Assessed Improvements Value: $249,000

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16176
  • Previous Sale Recording Date: Nov 13, 1998
  • Previous Sale Amount: $244,900
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 days ago
Data Source: MLS PIN, MLS# 73578102

Frequently Asked Questions

When was property at 48 Gray Road built and last sold?
The property at 48 Gray Road was built in 1970 and last sold on Sep 29, 2023 for $800,000.
How much is this home worth?
The estimated value of the home located at 48 Gray Road is $836,372.
What are some comparable homes to 48 Gray Road?
There are currently no comparable homes to 48 Gray Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Andover Homes for Sale
Andover Houses for Sale
Andover Condos for Sale
Andover Multifamily for Sale
Andover Land for Sale
Andover Commercial for Sale
Andover Homes with Basements
Andover Homes with Pools
Nearby Cities
Lowell Homes for Sale
Haverhill Homes for Sale
Methuen Town Homes for Sale
Lawrence Homes for Sale
Peabody Homes for Sale
Wakefield Homes for Sale
Danvers Homes for Sale
Reading Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Norfolk County, MA Property Records
Worcester County, MA Property Records
Strafford County, NH Property Records
Neighborhoods
Highlands Real Estate
Centralville Real Estate
Pawtucketville Real Estate
South Lowell Real Estate
Peabody Town Center Real Estate
Tower Hill Real Estate
Belvidere Real Estate
Prospect Hill - Back Bay Real Estate
Nearby Counties
Lowell Homes for Sale
Haverhill Homes for Sale
Methuen Town Homes for Sale
Lawrence Homes for Sale
Peabody Homes for Sale
Chelmsford Homes for Sale
Billerica Homes for Sale
North Andover Homes for Sale
Top Real Estate Agents
Top Agents in Andover
Top Agents in Lowell
Top Agents in Lowell
Top Agents in Haverhill
Top Agents in Haverhill
Top Agents in Methuen Town
Top Agents in Methuen Town
Top Agents in 01844