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Essex 01810
5 Lancaster Pl
$560,000
● House - Off Market

5 Lancaster Pl

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,607 Ft²
$1,077,517
RealtyHop Estimate
82.66%
Since Nov 1, 2014
MA-Boston
Primary Model

About This Property

Location, location, location! Here is a beautiful house with great style on a child-safe cul de sac with 4/5 bedrooms and 3 bathrooms (1 in the master BR). Over 2600 sq/ft. Beautiful hardwood floors. Custom kitchen. Lots of light. Two fireplaces. Title 5 in hand. Central Air. Recent roof. Recent boiler. Irrigation system. Very well maintained. Large BBQ deck and a stone patio as well. Lower level with 4 rooms, seperate entrance and bathroom lends itself as a home office or for use by extended family. You will love all the space, the views, the light, and the 5 star location. School bus stop is close by and the street is a dead end cul de sac, perfect for the kids on their bikes. A great family home.
Unit Size
2,607 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$226
Property Type
House
Property Taxes
$568
HOA Dues
-
Year Built
1972

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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 months ago (MLSPIN #71734333)

Price History

Date / Event Date Event Price
Oct 23, 2014 Sold
Premium
Sold
Aug 26, 2014 Listed by JB Associates Realty $589,900
Listed by JB Associates Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,674
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,046
  • Total Building Area: 2,607
  • Gross Building Area: 3,892
  • Building Area: 2,607
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,607
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254401

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00132 B:00056 L:00000
  • Block: 56
  • Municipality: ANDOVER
  • Latitude: 42.6581
  • Longitude: -71.1806

    Address

  • Full Address: 5 Lancaster Pl
  • Address - House Number: 5
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Andover
  • Carrier Code: R003
  • 4-Digit Zip Code: 3314
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,004,800

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 954,709
  • High Value: 1,117,606
  • Low Value: 791,813

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $735,600
  • Assessed Land Value: $443,200
  • Assessed Improvements Value: $292,400

    Sales

  • Current Sale Recording Date: Oct 23, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23976
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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 months ago
Data Source: MLS PIN, MLS# 71734333

Frequently Asked Questions

When was property at 5 Lancaster Place built and last sold?
The property at 5 Lancaster Place was built in 1972 and last sold on Jan 1, 1970 for $560,000.
How much is this home worth?
The estimated value of the home located at 5 Lancaster Place is $614,387.
What are some comparable homes to 5 Lancaster Place?
There are currently no comparable homes to 5 Lancaster Place.
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