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Essex 01810
5 Norwich Pl
Photo of 5 Norwich Pl
Sold on Jul 24, 2009

1

Map

$780,000
● House - Off Market

5 Norwich Pl

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,463 Ft²
$1,649,333
RealtyHop Estimate
106.19%
Since Aug 1, 2009
National-US
Primary Model

About This Property

Somerset Village at its best! Great cul-de-sac location with an appealing level lot adjacent to wooded area. Beautiful open plan has great flexibility & offers a gourmet kit w/granite that opens to cath ceil FR. 1st flr bedroom suite is perfect for inlaw or aupair. Master suite has sitting area, large bath w/newly tiled shower & an oversized custom closet. Originally upgraded when built & consistenlty upgraded by this owner w/new tile, flooring, tiled showers, appliances, int/ext paint & more
Unit Size
3,463 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$231
Property Type
House
Property Taxes
$794
HOA Dues
-
Year Built
1998

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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 #70910701)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
Jun 25, 2020 Listed $949,900
Listed
Jul 24, 2009 Sold
Premium
Sold
Apr 28, 2009 Listed $799,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,982
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,283
  • Total Building Area: 4,467
  • Gross Building Area: 6,382
  • Building Area: 4,467
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,467
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOMERSET VILLAGE
  • Land Acres: 0000000695
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254402

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00128 B:00049 L:00000
  • Block: 49
  • Municipality: ANDOVER
  • Latitude: 42.6794
  • Longitude: -71.193

    Address

  • Full Address: 5 Norwich Pl
  • Address - House Number: 5
  • Address - Street Name: Norwich
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Andover
  • Carrier Code: C013
  • 4-Digit Zip Code: 1251
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,462,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,345,470
  • High Value: 1,557,992
  • Low Value: 1,132,947

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,070,600
  • Assessed Land Value: $412,800
  • Assessed Improvements Value: $657,800

    Sales

  • Current Sale Contract Date: Aug 26, 2020
  • Current Sale Recording Date: Aug 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22809
  • Previous Sale Recording Date: Jul 24, 2009
  • Previous Sale Amount: $780,000
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70910701

Frequently Asked Questions

When was property at 5 Norwich Place built and last sold?
The property at 5 Norwich Place was built in 1998 and last sold on Aug 26, 2020 for $949,900.
How much is this home worth?
The estimated value of the home located at 5 Norwich Place is $960,483.
What are some comparable homes to 5 Norwich Place?
There are currently no comparable homes to 5 Norwich Place.
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