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Essex 01810
5 Old Schoolhouse Rd.
$655,000
● House - Off Market

5 Old Schoolhouse Rd.

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,312 Ft²
$1,052,258
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Classic Colonial on a desirable cul de sac in High Plain/Wood Hill District.  This lovingly maintained 4 bedroom home with updated cherry kitchen with granite countertops, Andersen slider, inviting fireplaced Family Room, gracious Dining Room, front to back Living Room with hardwood floors with walnut inlay. Updated baths.  Gleaming hardwood floors.  Step out to your trex deck, overlooking an idyllic setting of  specimen plants including dogwood, Japanese maple, weeping cherry trees. Your very own Shangri-La!
Unit Size
2,312 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$268
Property Type
House
Property Taxes
$699
HOA Dues
-
Year Built
1977

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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 #71995223)

Price History

Date / Event Date Event Price
Jun 24, 2016 Sold
Premium
Sold
Apr 27, 2016 Listed by Coldwell Banker Residential Brokerage - Andover $619,900
Listed by Coldwell Banker Residential Brokerage - Andover
Jun 9, 1987 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 23
  • 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: 1,324
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,256
  • Total Building Area: 2,312
  • Gross Building Area: 3,876
  • Building Area: 2,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,312
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000740
  • 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:00225 B:00006 L:0000G
  • Block: 6
  • Lot: G
  • Municipality: ANDOVER
  • Latitude: 42.6567
  • Longitude: -71.2327

    Address

  • Full Address: 5 Old Schoolhouse Rd
  • Address - House Number: 5
  • Address - Street Name: Old Schoolhouse
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: R002
  • 4-Digit Zip Code: 4226
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,107,300

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,015,814
  • High Value: 1,189,136
  • Low Value: 842,492

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $810,600
  • Assessed Land Value: $487,700
  • Assessed Improvements Value: $322,900

    Sales

  • Current Sale Recording Date: Jun 24, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15137
  • Previous Sale Recording Date: Jun 09, 1987
  • Previous Sale Amount: $290,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2523 ft²

Average Home Age

72.6 years

Currently For Sale

1457 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# 71995223

Frequently Asked Questions

When was property at 5 Old School House Road built and last sold?
The property at 5 Old School House Road was built in 1977 and last sold on Jan 1, 1970 for $655,000.
How much is this home worth?
The estimated value of the home located at 5 Old School House Road is $642,181.
What are some comparable homes to 5 Old School House Road?
There are currently no comparable homes to 5 Old School House Road.
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