54 Chestnut Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | In contract | - | |
| In contract | |||
| Apr 3, 2024 | Listed by Leading Edge Real Estate | $895,000 | |
| Listed by Leading Edge Real Estate | |||
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Welcome to 54 Chestnut - charming & nestled in the heart of Andover! Across from the park & literally one block from Main St, where you'll find a wide array of shops, cafés & dining establishments. Upon entering, you’re immediately struck by the timeless elegance & attention to detail throughout. The main level boasts a gracious living room open to family room - perfect for entertaining & relaxing. The adjacent dining room offers an ideal setting for hosting dinner parties, while the kitchen is a chef's delight with island, custom cabinets & granite counters. Upstairs, the primary suite offers a peaceful retreat at the end of the day - 2 additional bedrooms, a full bath & laundry room complete the 2nd floor. Cross the artsy landing and go up to the 3rd floor to find the 4th bedroom, office & storage. Outside, the property features a fenced backyard which will serve as a perfect, private, in-town oasis. Don't miss your chance to own this exceptional property in the heart of Andover!
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| Jul 26, 2001 | Sold | ||
| Sold | |||
| May 12, 2001 | Listed by Leading Edge Real Estate | $549,900 | |
| Listed by Leading Edge Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017