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Essex 01810
5 Franklin Avenue
Photo of 5 Franklin Avenue
Sold on Mar 30, 2010

1

Map

$230,000
● House - Off Market

5 Franklin Avenue

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,877 Ft²
$512,584
RealtyHop Estimate
113.67%
Since Apr 1, 2010
National-US
Primary Model

About This Property

Open house Sunday Feb. 14 1-3. NOT A SHORT SALE! Needs work but well worth it! This 8 room 4/5 bedroom, 2 full bath gambrel has all the space you need and a geat level back yard with a large deck and above ground pool. Two bedrooms on first floor, one with a private entrance, and 2/3 bedrooms up afford a lot of flexibility. Plus hardwoods, a fireplace, and a 2 car attached garage.
Unit Size
1,877 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$128
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1925

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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 #71030692)

Price History

Date / Event Date Event Price
May 14, 2021 Sold
Premium
Sold
Apr 8, 2021 Listed $579,900
Listed
Feb 22, 2011 Sold
Premium
Sold
Jul 14, 2010 Listed by Coldwell Banker Realty - Andover $364,900
Listed by Coldwell Banker Realty - Andover
Totally renovated and better than new Shawsheen Heights colonial! New hardwoods, new windows, new roof, new granite kitchen & baths! New berm & fence. Freshly carpeted & painted inside and out. Come see the best buy in Andover!!
May 27, 2010 Listed $424,900
Listed
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,404
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,423
  • Total Building Area: 2,028
  • Gross Building Area: 3,780
  • Building Area: 2,028
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,028
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKLAND PARK
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254100

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00051 B:00176 L:00000
  • Block: 176
  • Municipality: ANDOVER
  • Latitude: 42.6773
  • Longitude: -71.1567

    Address

  • Full Address: 5 Franklin Ave
  • Address - House Number: 5
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Andover
  • Carrier Code: C010
  • 4-Digit Zip Code: 2516
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $821,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 681,028
  • High Value: 788,600
  • Low Value: 573,457

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $601,600
  • Assessed Land Value: $300,700
  • Assessed Improvements Value: $300,900

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16227
  • Previous Sale Recording Date: Feb 22, 2011
  • Previous Sale Amount: $356,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2541 ft²

Average Home Age

72.4 years

Currently For Sale

1466 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# 71030692

Frequently Asked Questions

When was property at 5 Franklin Avenue built and last sold?
The property at 5 Franklin Avenue was built in 1925 and last sold on May 14, 2021 for $725,000.
How much is this home worth?
The estimated value of the home located at 5 Franklin Avenue is $595,435.
What are some comparable homes to 5 Franklin Avenue?
There are currently no comparable homes to 5 Franklin Avenue.
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