$225,000
●
Condo -
Off Market
5 Michael Way #0
Andover, MA 01810
2 Beds
2 Baths,
1
Half Bath
1,176 Ft²
$488,631
RealtyHop Estimate
112.54%
Since May 1, 2012
MA-Boston
Primary Model
About This Property
Abbott's Pond is an established condominium neighborhood, well
situated and close to Town Center, shopping, and commuter rail and
routes. This 2 bedroom unit has been freshly painted with new
kitchen flooring and new wall to wall carpet in the first and
second floors. There is a finished room in the basement for
recreation or bedroom space, as well as an unfinished area for
storage purposes.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
-
Price per sqft
$195
Property Type
Condo
Property Taxes
$295
HOA Dues
$213
Year Built
1988
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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 #71288741)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 13, 2012 | Sold | ||
| Sold | |||
| Sep 16, 2011 | Listed by Lillian Montalto Signature Properties | $229,900 | |
| Listed by Lillian Montalto Signature Properties | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Width: 12
Length: 17
Area: 204
Level: Second
Features: Flooring - Wall to Wall Carpet
Width: 11
Length: 11
Area: 121
Length: 12
Level: First
Area: 132
Features: Flooring - Wall to Wall Carpet
Width: 11
Width: 11
Length: 13
Area: 143
Level: Basement
Features: Flooring - Wall to Wall Carpet
Level: Second
Length: 15
Width: 12
Area: 180
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Disposal, Refrigerator, Utility Connections for Gas Range
Flooring Type: Wood, Vinyl, Carpet
Rooms: 5
Basement: Y
Parking Details
Parking Features: Assigned
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Abbotts Pond Condominium
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: srm
Parcel Number: M:00093 B:00004 L:00043, 1841586
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $250,400
Tax Annual Amount: $3,536
Utilities Details
Utilities: for Gas Range
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds
HOA Fee: $213
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/16/2011
| |
2 Bed
|
2 Bath
|
1176 ft²
|
$229,900
2 Bed
2 Bath
1176 ft²
|
$225,000
-2.13%
04/13/2012
|
Tyler Richards
Realty ONE Group NEST
|
|
04/30/2010
| |
2 Bed
|
1 Bath
|
1176 ft²
|
$279,900
2 Bed
1 Bath
1176 ft²
|
-
-
|
Christopher Doherty
William Raveis R.E. & Home Services
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017