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Essex 01810
5 Island Way
$711,000
● House - Off Market

5 Island Way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,516 Ft²
$1,080,637
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Lovely center entrance colonial located on a cul-de-sac in the South School District. This lovely home features 8 rooms, 4 bedrooms and 2.5 baths. The first floor offers a large eat in kitchen, elegant dining room, living room, front to back fireplaced family room, laundry room and three season enclosed porch which leads to the beautiful large level backyard. The second floor offers a spacious master bedroom with master bath and walk in closet, three additional bedrooms with a newly remodeled common bath. The lower level features a large playroom. Updates include new windows, 2 remodeled baths, playroom in lower level, central A/C, central vacuum and permanent exterior generator outlet. Great commuter location with easy access to Rte 93, bus and train!
Unit Size
2,516 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$274
Property Type
House
Property Taxes
$783
HOA Dues
-
Year Built
1981

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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 #72149196)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Apr 20, 2017 Listed by William Raveis R.E. & Home Services $689,900
Listed by William Raveis R.E. & Home Services
Jun 15, 2007 Sold
Premium
Sold
Sep 1, 2006 Listed by William Raveis R.E. & Home Services $659,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 9
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,416
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,155
  • Total Building Area: 2,516
  • Gross Building Area: 4,691
  • Building Area: 2,516
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,516
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UPSONS LNDG
  • Land Acres: 0000000669
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254301

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00140 B:00001 L:0000J
  • Block: 1
  • Lot: J
  • Municipality: ANDOVER
  • Latitude: 42.6205
  • Longitude: -71.1483

    Address

  • Full Address: 5 Island Way
  • Address - House Number: 5
  • Address - Street Name: Island
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: R005
  • 4-Digit Zip Code: 6044
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,166,300

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 980,101
  • High Value: 1,147,329
  • Low Value: 812,872

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $853,800
  • Assessed Land Value: $412,400
  • Assessed Improvements Value: $441,400

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16580
  • Previous Sale Recording Date: Jun 15, 2007
  • Previous Sale Amount: $640,000
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72149196

Frequently Asked Questions

When was property at 5 Island Way built and last sold?
The property at 5 Island Way was built in 1981 and last sold on Jan 1, 1970 for $711,000.
How much is this home worth?
The estimated value of the home located at 5 Island Way is $709,330.
What are some comparable homes to 5 Island Way?
There are currently no comparable homes to 5 Island Way.
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