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Essex 01810
5 Germano Way
$609,000
● House - Off Market

5 Germano Way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
4 Baths
square feet
6,000 Ft²
$2,165,544
RealtyHop Estimate
233.21%
Since Jul 1, 1999
MA-Boston
Primary Model

About This Property

INCREDIBLE 6000 SQ.FT. RANCH! 2 MSTR. BEDRM SUITES. OAK TRIM THROUGHOUT.2 JACUZZI'S,MARBLE FLOORING, BUILT-IN BAR.  BILLIARD RM. 3 GARAGES. TRULY AN OPULANT HOME FOR THE DISCRIMINATING BUYER! **QUALIFIED BUYERS ONLY!
Unit Size
6,000 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$108
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1987

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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 #30025083)

Price History

Date / Event Date Event Price
Jun 29, 1999 Sold
Premium
Sold
Jan 19, 1995 Listed by Cape Real Estate $649,900
Listed by Cape Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 3,344
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,039
  • Total Building Area: 8,458
  • Gross Building Area: 12,499
  • Building Area: 8,458
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 8,458
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000690
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254403

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00155 B:00005 L:0000M
  • Block: 5
  • Lot: M
  • Municipality: ANDOVER
  • Latitude: 42.6318
  • Longitude: -71.1772

    Address

  • Full Address: 5 Germano Way
  • Address - House Number: 5
  • Address - Street Name: Germano
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: R005
  • 4-Digit Zip Code: 4540
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,648,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,590,364
  • High Value: 1,834,095
  • Low Value: 1,346,633

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,206,600
  • Assessed Land Value: $412,000
  • Assessed Improvements Value: $794,600

    Sales

  • Current Sale Recording Date: Jun 29, 1999
  • Current Sale Price:
    Premium
  • Current 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30025083

Frequently Asked Questions

When was property at 5 Germano Way built and last sold?
The property at 5 Germano Way was built in 1987 and last sold on Jan 1, 1970 for $609,000.
How much is this home worth?
The estimated value of the home located at 5 Germano Way is $0.
What are some comparable homes to 5 Germano Way?
There are currently no comparable homes to 5 Germano Way.
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