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Essex 01810
48 River St
Photo of 48 River St

1

Map

$339,900
● House - Off Market

48 River St

Andover, MA 01810
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,372 Ft²
$2,049
Est. Monthly

About This Property

Fresh & Inviting South Andover Cape! Completely Renovated in 2006. You will Love the Large, Sunny Living Room with Gleaming Hardwood Floors & Wood Burning Fireplace. Enjoy Cooking in the Updated Kitchen. Large 1st floor room can be used as Dining Room/Office/3rd bedroom - a Versatile Home to Suit your Needs! Enjoy Summer Evenings on the Delightful Screened Porch. Newer Siding, Windows and Heating System. Close to Commuter Train and Shops. Move In Condition.
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$248
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1949

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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: 3 months ago (MLSPIN #71208552)

Price History

Date / Event Date Event Price
Sep 27, 2019 Sold
Premium
Sold
Jul 8, 2019 Listed by Keller Williams Realty $489,900
Listed by Keller Williams Realty
Mar 15, 2013 Sold
Premium
Sold
Sep 14, 2012 Listed by Keller Williams Realty $369,900
Listed by Keller Williams Realty
Mar 31, 2011 Listed by Keller Williams Realty $339,900
Listed by Keller Williams Realty
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 704
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,043
  • Total Building Area: 1,372
  • Gross Building Area: 2,574
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER PARK
  • Land Acres: 0000000368
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254301

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00139 B:00073 L:00000
  • Block: 73
  • Municipality: ANDOVER
  • Latitude: 42.6222
  • Longitude: -71.1566

    Address

  • Full Address: 48 River St
  • Address - House Number: 48
  • Address - Street Name: River
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C018
  • 4-Digit Zip Code: 5908
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $750,500

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 655,221
  • High Value: 756,972
  • Low Value: 553,469

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $549,400
  • Assessed Land Value: $319,200
  • Assessed Improvements Value: $230,200

    Sales

  • Current Sale Contract Date: Sep 25, 2019
  • Current Sale Recording Date: Sep 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23762
  • Previous Sale Recording Date: Mar 15, 2013
  • Previous Sale Amount: $378,000
  • Previous Sale Document Type: O
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:

$699,899

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.5 years

Currently For Sale

1472 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: 3 months ago
Data Source: MLS PIN, MLS# 71208552

Frequently Asked Questions

When was property at 48 River Street built and last sold?
The property at 48 River Street was built in 1949 and last sold on Sep 25, 2019 for $475,000.
How much is this home worth?
The estimated value of the home located at 48 River Street is $495,855.
What are some comparable homes to 48 River Street?
There are currently no comparable homes to 48 River Street.
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