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Essex 01810
5 Arrowood Lane
Photo of 5 Arrowood Lane
Sold on Dec 29, 2006

1

Map

$900,000
● House - Off Market

5 Arrowood Lane

Andover, MA 01810
bedrooms
5 Beds
bathrooms
3 Baths
square feet
4,208 Ft²
$1,900,469
RealtyHop Estimate
90.24%
Since Jan 1, 2007
MA-Boston
Primary Model

About This Property

Watch the sunrise over Field Pond; you'll swim, canoe,ice skate, walk/jog -- your 4 season waterfront home. Mid-centuary contemporary updated in 2006, new arch. roof; Granite and Stainless kitchen with custom cherry cabinets; Open floor plan, excellent for entertaining. 24'x28' Game Room; Redwood Cathedral Ceils; Master suite w/slider onto a deck, sitting/TV area, walk-in closet, arge shower for two; 3 miles from route 93 (1st Andover exit from Boston). Great place to live and work.  Must see.
Unit Size
4,208 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$237
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
1964

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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 #70473707)

Price History

Date / Event Date Event Price
Jan 4, 2007 Sold
Premium
Sold
Oct 12, 2006 Listed $999,000
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 2,080
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,368
  • Total Building Area: 3,536
  • Gross Building Area: 4,400
  • Building Area: 3,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,536
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARRWOOD FOREST ANDOVER
  • Land Acres: 0000000881
  • 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:00067 B:00028 L:00000
  • Block: 28
  • Municipality: ANDOVER
  • Latitude: 42.6065
  • Longitude: -71.1115

    Address

  • Full Address: 5 Arrowood Ln
  • Address - House Number: 5
  • Address - Street Name: Arrowood
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C021
  • 4-Digit Zip Code: 5204
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,381,700

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,344,709
  • High Value: 1,553,297
  • Low Value: 1,136,121

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,011,500
  • Assessed Land Value: $509,900
  • Assessed Improvements Value: $501,600

    Sales

  • Current Sale Recording Date: Jan 04, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 132549
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70473707

Frequently Asked Questions

When was property at 5 Arrowood Lane built and last sold?
The property at 5 Arrowood Lane was built in 1964 and last sold on Jan 1, 1970 for $900,000.
How much is this home worth?
The estimated value of the home located at 5 Arrowood Lane is $1,002,458.
What are some comparable homes to 5 Arrowood Lane?
There are currently no comparable homes to 5 Arrowood Lane.
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