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Essex 01810
5 Penobscot Way
$475,000
● House - Off Market

5 Penobscot Way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,172 Ft²
$1,300,260
RealtyHop Estimate
202.46%
Since May 1, 2000
MA-Boston
Primary Model

About This Property

GREAT VALUE! TERR SOUTH SCH NEIGHBORHOOD.  CLOSE TO STATE FOREST & HIGHWY. FRESHLY REPAINTED THRUOUT. CHERRY KIT W/ GRANITE ISLAND, SUPER FR W/CHERRY BUILT IN & GAS FRPL. HDWD FLRS THRUOUT. CENTRAL AC, SPRINKLERS, BEAUTIFUL FNCD YD.
Unit Size
2,172 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$198
Property Type
House
Property Taxes
$410
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 years ago (MLSPIN #30386327)

Price History

Date / Event Date Event Price
Apr 28, 2000 Sold
Premium
Sold
Feb 16, 2000 Listed by Prudential Howe & Doherty $429,900
Listed by Prudential Howe & Doherty
Jul 17, 1998 Sold
Premium
Sold
Apr 3, 1998 Listed by Prudential Howe & Doherty $387,500
Listed by Prudential Howe & Doherty

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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: 18
  • 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: 1,272
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,308
  • Total Building Area: 2,262
  • Gross Building Area: 4,272
  • Building Area: 2,262
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,262
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARRWOOD FOREST SHEET 03
  • Land Acres: 0000000742
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00050 B:00008 L:00000
  • Block: 8
  • Municipality: ANDOVER
  • Latitude: 42.6053
  • Longitude: -71.1041

    Address

  • Full Address: 5 Penobscot Way
  • Address - House Number: 5
  • Address - Street Name: Penobscot
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: C021
  • 4-Digit Zip Code: 5214
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,187,500

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,100,289
  • High Value: 1,270,963
  • Low Value: 929,615

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $869,300
  • Assessed Land Value: $487,800
  • Assessed Improvements Value: $381,500

    Sales

  • Current Sale Recording Date: Apr 28, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 17, 1998
  • Previous Sale Amount: $374,000
  • 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

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

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30386327

Frequently Asked Questions

When was property at 5 Penobscot Way built and last sold?
The property at 5 Penobscot Way was built in 1972 and last sold on Jan 1, 1970 for $475,000.
How much is this home worth?
The estimated value of the home located at 5 Penobscot Way is $453,451.
What are some comparable homes to 5 Penobscot Way?
There are currently no comparable homes to 5 Penobscot Way.
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