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Essex
Lot 5 Empire Drive
$419,000
● House - Off Market

Lot 5 Empire Drive

North Andover, MA 01845
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,600 Ft²
$847,611
RealtyHop Estimate
102.29%
Since Aug 1, 2012
MA-Boston
Primary Model

About This Property

New Construction: Our Best Selling Willow Plan offers an open concept kitchen family room. Home includes 9' ceilings on 1st floor, gas fireplace & raised ceiling in family room, walk out lower level for future expansion.  Bosch SS appliances, central air, hardwood floors on 1st flr, separate laundry room on 2nd floor, 40 year architectural shingles. ENERGY STAR HOME.   More than 50% SOLD! Located in North Andover's newest neighborhood. FRANKLIN SCHOOL DISTRICT. DIRECTIONS-use 815 Chestnut St
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$262
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2013

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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: 5 months ago (MLSPIN #71343057)

Price History

Date / Event Date Event Price
Jul 30, 2012 Sold
Premium
Sold
Feb 26, 2012 Listed by StartPoint Realty $419,000
Listed by StartPoint Realty
New Construction: Our Best Selling Willow Plan offers an open concept kitchen family room. Home includes 9' ceilings on 1st floor, gas fireplace & raised ceiling in family room, walk out lower level for future expansion. Bosch SS appliances, central air, hardwood floors on 1st flr, separate laundry room on 2nd floor, 40 year architectural shingles. ENERGY STAR HOME. More than 50% SOLD! Located in North Andover's newest neighborhood. FRANKLIN SCHOOL DISTRICT. DIRECTIONS-use 815 Chestnut St

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 942
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,725
  • Total Building Area: 1,884
  • Gross Building Area: 3,016
  • Building Area: 1,884
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,884
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • 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: 253204

Zoning

  • Zoning: I1

Geography

  • Account Number: M_232630_9
  • Parcel: NAND M:00107 B:C0145 L:00000
  • Block: C0145
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6554
  • Longitude: -71.102

    Address

  • Full Address: 5 Empire Dr
  • Address - House Number: 5
  • Address - Street Name: Empire
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: North Andover
  • Carrier Code: R014
  • 4-Digit Zip Code: 6019
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $760,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 783,981
  • High Value: 907,814
  • Low Value: 660,148

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $685,900
  • Assessed Land Value: $313,700
  • Assessed Improvements Value: $372,200
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

2521 ft²

Average Home Age

73.7 years

Currently For Sale

1419 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: 5 months ago
Data Source: MLS PIN, MLS# 71343057

Frequently Asked Questions

When was property at 5 Empire Drive built and last sold?
The property at 5 Empire Drive was built in 2013 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Empire Drive is $434,981.
What are some comparable homes to 5 Empire Drive?
There are currently no comparable homes to 5 Empire Drive.
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