Essex
5 Robert Dr #5
$1,550,000
●
Condo -
Off Market
5 Robert Dr #5
Andover, MA 01833
3 Beds
5 Baths,
1
Half Bath
$1,635,716
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Prepare to be impressed with this Stunning Newly Constructed Unit
at Frenchman's Reserve. Quality craftmanship and luxury finishes
throughout this well appointed townhome with open floor plan.
Designer kitchen is perfect for entertaining with large island and
pantry area that opens to dining and living rooms. Dining and
living rooms are perfectly placed to optimize the beautiful
setting. Private oversized deck with unobstructed views of the golf
course. First floor primary suite with two custom walk-in closets
and luxurious bath. Substantial second floor family room with gas
fireplace. 2 large additional bedroom/bath en-suites on second
floor. Finished walk-out lower level with full bath and potential
for multiple uses. Paver patio area off lower level.
Conveniently located near highways, shops and dining.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$1,190
HOA Dues
$550
Year Built
-
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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 #73057735)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 16, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Nov 11, 2022 | Listed by RE/MAX Partners | $1,550,000 | |
| Listed by RE/MAX Partners | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: First
Features: Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Wine Chiller, Crown Molding
Level: Main
Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity
Level: Second
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Features: Bathroom - Full, Flooring - Hardwood
Level: Second
Features: Flooring - Hardwood, Open Floorplan, Recessed Lighting
Level: First
Features: Bathroom - Half
Level: First
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Double Vanity, Recessed Lighting, Crown Molding
Level: First
Level: First
Features: Flooring - Hardwood, Open Floorplan, Recessed Lighting
Level: Second
Features: Flooring - Hardwood, Recessed Lighting
Features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: Second
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Bathroom - 3/4, Countertops - Stone/Granite/Solid, Open Floor Plan, Bathroom, Bonus Room, Central Vacuum
Appliances: Oven, Dishwasher, Disposal, Microwave, Countertop Range, Refrigerator, Wine Refrigerator, Gas Water Heater, Tank Water Heaterless, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
Laundry Features: Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Rooms: 8
Has Fireplace
Fireplace Features: Family Room, Living Room
Fireplaces: 2
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Frenchman's Reserve
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck - Composite, Covered
Lead Paint: None
Lot Size Units: Acres
Zoning: SRB
Parcel Number: M:00107 B:00018 L:01003, 5003484
Water Source: Public
Financial Details
Tax Assessed Value: $978,000
Tax Annual Amount: $14,279
Utilities Details
Utilities: for Gas Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air, Individual, Unit Control
Heating Type: Forced Air, Natural Gas, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Association Fee Frequency: Monthly
HOA Fee: $550
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station
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 |
|---|---|---|---|---|---|---|---|
|
11/11/2022
|
3 Bed
|
5 Bath
|
-
|
$1,550,000
3 Bed
5 Bath
|
-
-
|
Distinctive Realty Group
RE/MAX Partners
| |
|
10/09/2020
|
2 Bed
|
5 Bath
|
4040 ft²
|
$1,250,000
2 Bed
5 Bath
4040 ft²
|
$1,200,000
-4.00%
10/26/2022
|
Annette DeVito
Cormier Properties
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017