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Essex
495 Forest Street
$690,000
● House - Off Market

495 Forest Street

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,974 Ft²
$1,036,271
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Nothing to do but move in and enjoy! This young Colonial sits privately on 3 acres surrounded by nature and lots of forest to be hiked and discovered.   The first floor has great flow with 9' ceilings, a large family room off the kitchen and an office on the other side. Everything you could want for today's living:  Granite/ stainless kitchen, modern baths, hardwood, tasteful fixtures and neutral carpeting in bedrooms. The basement was professionally finished in 2017 to include a very functional mudroom in from garage and plenty of room for toys or gaming. Outside,  beyond the large deck and manicured lawn is an entire outdoor sanctuary to play in! Constructed in 2010, this home has a  comfortable layout for today's lifestyles with plenty of space for entertaining!
Unit Size
2,974 Ft²
Days on Market
-
Land Size
3.08 acres
Price per sqft
$235
Property Type
House
Property Taxes
$724
HOA Dues
-
Year Built
2010

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72334422)

Price History

Date / Event Date Event Price
Jul 26, 2018 Sold
Premium
Sold
May 28, 2018 Listed by Coldwell Banker Residential Brokerage - Andover $699,900
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 1,472
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 134,165
  • Total Building Area: 3,310
  • Gross Building Area: 4,046
  • Building Area: 3,310
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,310
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH ANDOVER
  • Land Acres: 0000003080
  • 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: R2

Geography

  • Account Number: M_236358_9
  • Parcel: NAND M:00106 B:B0244 L:00000
  • Block: B0244
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6498
  • Longitude: -71.0572

    Address

  • Full Address: 495 Forest St
  • Address - House Number: 495
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Andover
  • Carrier Code: R010
  • 4-Digit Zip Code: 3213
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,050,800

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,026,198
  • High Value: 1,184,028
  • Low Value: 868,367

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $947,500
  • Assessed Land Value: $417,000
  • Assessed Improvements Value: $530,500

    Sales

  • Current Sale Recording Date: Jul 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17814

    Financing

  • First Mortgage Financing Type: UNK
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

2495 ft²

Average Home Age

73.5 years

Currently For Sale

1433 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# 72334422

Frequently Asked Questions

When was property at 495 Forest Street built and last sold?
The property at 495 Forest Street was built in 2010 and last sold on Jan 1, 1970 for $690,000.
How much is this home worth?
The estimated value of the home located at 495 Forest Street is $727,983.
What are some comparable homes to 495 Forest Street?
There are currently no comparable homes to 495 Forest Street.
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