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Essex 01810
5 Heritage Lane
Photo of 5 Heritage Lane
Sold on Aug 26, 2005

1

Map

$779,900
● House - Off Market

5 Heritage Lane

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,376 Ft²
$1,403,606
RealtyHop Estimate
75.47%
Since Sep 1, 2005
MA-Boston
Primary Model

About This Property

THIS IS A 'NOT TO BE MISSED" HOUSE, BUILT BY RENOWNED ANDOVER BUILDER ON  PRESTIGIOUS & CONVENIENT NEAR TOWN CUL-DE-SAC. FOR A MOST COMPETITIVE PRICE, ENJOY HW FLOORS THROUGHOUT, EVEN IN THE OPEN KITCHEN/FAMILY ROOM & 24'X24' GREAT ROOM. THERE IS A 1ST FLOOR STUDY OFF FORMAL LIVING RM, AN ENTERTAINMENT SIZE DINING RM & A BONUS SITTING AREA OR GUEST RM. THERE ARE UNDERGROUND UTILITIES IN THE NEIGHBORHOOD, AS WELL AS TOWN SERVICES. WALKOUT BASEMENT ACCESS TO THE BEAUTIFUL 3/4 ACRE LANDSCAPED YARD
Unit Size
3,376 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$237
Property Type
House
Property Taxes
$644
HOA Dues
-
Year Built
1983

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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: 4 months ago (MLSPIN #70198399)

Price History

Date / Event Date Event Price
Aug 26, 2005 Sold
Premium
Sold
May 25, 2005 Listed $799,900
Listed

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,512
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,432
  • Total Building Area: 4,209
  • Gross Building Area: 6,260
  • Building Area: 4,209
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 4,209
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERITAGE ESTATES
  • Land Acres: 0000000767
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00093 B:00028 L:00000
  • Block: 28
  • Municipality: ANDOVER
  • Latitude: 42.6445
  • Longitude: -71.1555

    Address

  • Full Address: 5 Heritage Ln
  • Address - House Number: 5
  • Address - Street Name: Heritage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C003
  • 4-Digit Zip Code: 4870
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,358,900

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,262,685
  • High Value: 1,458,550
  • Low Value: 1,066,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $994,800
  • Assessed Land Value: $422,600
  • Assessed Improvements Value: $572,200

    Sales

  • Current Sale Recording Date: Aug 26, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 32550
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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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Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70198399

Frequently Asked Questions

When was property at 5 Heritage Lane built and last sold?
The property at 5 Heritage Lane was built in 1983 and last sold on Jan 1, 1970 for $779,900.
How much is this home worth?
The estimated value of the home located at 5 Heritage Lane is $830,386.
What are some comparable homes to 5 Heritage Lane?
There are currently no comparable homes to 5 Heritage Lane.
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