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Essex 01810
5 Penni Lane
$650,000
● House - Off Market

5 Penni Lane

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,312 Ft²
$1,057,989
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Motivated Seller!! Beautiful stately colonial situated on almost an acre of land. Located on a quiet cul-de sac of like homes in the highly sought after West Andover/High Plain/Wood Hill school district. The gorgeous mature plantings gives optimum outdoor privacy while enjoying your backyard and pool. The inviting front to back family room features a fireplace and a  pellet stove. Large granite kitchen opens up to the tiled heated sun room with hot tub that overlooks the pool area. Four good size bedrooms and two and a half baths are perfect for a growing family. The finished basement is also perfect for a playroom, exercise room, man cave or home office. Very convenient to Rt-93 and 495.
Unit Size
2,312 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$285
Property Type
House
Property Taxes
$751
HOA Dues
-
Year Built
1980

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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: 4 months ago (MLSPIN #72071155)

Price History

Date / Event Date Event Price
Jun 23, 2017 Sold
Premium
Sold
Sep 21, 2016 Listed by Keller Williams Realty $659,000
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 8
  • 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: 19
  • 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: 1,324
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,761
  • 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: 0
  • Heating: 2
  • Heated Square Feet: 2,312
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000959
  • 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:00217 B:00003 L:0000P
  • Block: 3
  • Lot: P
  • Municipality: ANDOVER
  • Latitude: 42.6636
  • Longitude: -71.2216

    Address

  • Full Address: 5 Penni Ln
  • Address - House Number: 5
  • Address - Street Name: Penni
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: R002
  • 4-Digit Zip Code: 3262
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,091,800

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 973,549
  • High Value: 1,139,077
  • Low Value: 808,020

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $799,300
  • Assessed Land Value: $400,900
  • Assessed Improvements Value: $398,400

    Sales

  • Current Sale Recording Date: Jun 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116252
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

2533 ft²

Average Home Age

72.6 years

Currently For Sale

1471 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# 72071155

Frequently Asked Questions

When was property at 5 Penni Lane built and last sold?
The property at 5 Penni Lane was built in 1980 and last sold on Jan 1, 1970 for $650,000.
How much is this home worth?
The estimated value of the home located at 5 Penni Lane is $675,707.
What are some comparable homes to 5 Penni Lane?
There are currently no comparable homes to 5 Penni Lane.
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