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Essex 01810
5 Tobey Lane
$369,000
● House - Off Market

5 Tobey Lane

Andover, MA 01810
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,700 Ft²
$1,358,223
RealtyHop Estimate
267.19%
Since Sep 1, 1998
MA-Boston
Primary Model

About This Property

WONDERFUL BRICK FRONT COLONIAL ON CUL-DE-SAC.  SUNNY LG LOT. FRONT TO BACK LR W/FP, EAT-IN KITCHEN AND LARGE MUD ROOM. HARDWOOD FLOORS.  5TH BEDROOM AND BATH ON LL.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
1.84 acres
Price per sqft
$137
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1962

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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 #30231428)

Price History

Date / Event Date Event Price
Aug 20, 1998 Sold
Premium
Sold
Jun 10, 1998 Listed by Prudential Howe & Doherty $369,900
Listed by Prudential Howe & Doherty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 922
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 80,542
  • Total Building Area: 2,501
  • Gross Building Area: 3,424
  • Building Area: 2,501
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,501
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001849
  • 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:00061 B:00056 L:00000
  • Block: 56
  • Municipality: ANDOVER
  • Latitude: 42.6264
  • Longitude: -71.123

    Address

  • Full Address: 5 Tobey Ln
  • Address - House Number: 5
  • Address - Street Name: Tobey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C024
  • 4-Digit Zip Code: 5720
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,051,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 78
  • Final Value: 957,771
  • High Value: 1,118,751
  • Low Value: 796,791

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $769,500
  • Assessed Land Value: $470,300
  • Assessed Improvements Value: $299,200

    Sales

  • Current Sale Recording Date: Aug 20, 1998
  • Current Sale Price:
    Premium
  • Current 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30231428

Frequently Asked Questions

When was property at 5 Tobey Lane built and last sold?
The property at 5 Tobey Lane was built in 1962 and last sold on Jan 1, 1970 for $369,000.
How much is this home worth?
The estimated value of the home located at 5 Tobey Lane is $0.
What are some comparable homes to 5 Tobey Lane?
There are currently no comparable homes to 5 Tobey Lane.
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