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Andover 01810
5 Baker Lane
$82,000
● House - Off Market

5 Baker Lane

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,088 Ft²
$358,961
RealtyHop Estimate
335.10%
Since Nov 1, 1996
MA-Boston
Primary Model

About This Property

OLDER COTTAGE IN TOWN LOCATION. HAS GREAT POTENTIAL, THREE BEDROOMS, ONE BATH, ATTRACTIVE SIDE YARD, CLOSE TO SCHOOLS, CHURCHES, TRAIN, AND SHOPPING. A MUST SEE!
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$76
Property Type
House
Property Taxes
$152
HOA Dues
-
Year Built
1916

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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 years ago (MLSPIN #30110741)

Price History

Date / Event Date Event Price
Aug 7, 2007 Sold
Premium
Sold
Nov 3, 2000 Sold
Premium
Sold
Sep 18, 2000 Listed $279,900
Listed
Oct 31, 1996 Sold
Premium
Sold
Jun 10, 1996 Listed $82,500
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 1,088
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,988
  • Total Building Area: 1,088
  • Gross Building Area: 2,824
  • Building Area: 1,088
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,088
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254200

Zoning

  • Zoning: MU

Geography

  • Parcel: ANDO M:00054 B:00056 L:00000
  • Block: 56
  • Municipality: ANDOVER
  • Latitude: 42.6577
  • Longitude: -71.1458

    Address

  • Full Address: 5 Baker Ln
  • Address - House Number: 5
  • Address - Street Name: Baker
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C009
  • 4-Digit Zip Code: 3710
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $505,300

    Appraisal Valuation

  • Standard Deviation: 0.1549
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 550,301
  • High Value: 635,558
  • Low Value: 465,044

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $369,900
  • Assessed Land Value: $205,000
  • Assessed Improvements Value: $164,900

    Sales

  • Current Sale Recording Date: Aug 07, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 132907
  • Previous Sale Recording Date: Nov 03, 2000
  • Previous Sale Amount: $270,000
  • 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 Andover

Stats & Trends

Median Asking:

$899,900

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2899 ft²

Average Home Age

75.6 years

Currently For Sale

20 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30110741

Frequently Asked Questions

When was property at 5 Baker Lane built and last sold?
The property at 5 Baker Lane was built in 1916 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 5 Baker Lane is $0.
What are some comparable homes to 5 Baker Lane?
There are currently no comparable homes to 5 Baker Lane.
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