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Andover 01810
56 Chestnut St
$465,000
● House - Off Market

56 Chestnut St

Andover, MA 01810
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,661 Ft²
$1,027,941
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

Classic New England Colonial in PRIME downtown location!  Leave the car at home and walk to restaurants, banks, school, church etc. Gracious Foyer welcomes you to  hard-to-find true 5 bedroom home with updated Kitchen, electrical, boiler, vinyl siding & gar doors. Hardwood in all bedrooms, Family Room & Dining Room.  A little TLC will make this the in-town home you have been dreaming of.
Unit Size
2,661 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$190
Property Type
House
Property Taxes
$585
HOA Dues
-
Year Built
1938

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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 months ago (MLSPIN #71384252)

Price History

Date / Event Date Event Price
Aug 10, 2012 Sold
Premium
Sold
May 16, 2012 Listed by Prudential Howe & Doherty $504,900
Listed by Prudential Howe & Doherty
Dec 15, 1999 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • 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: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,378
  • Total Building Area: 3,531
  • Gross Building Area: 4,886
  • Building Area: 3,531
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,531
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEROY T MARKERT
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254200

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00039 B:00126 L:00000
  • Block: 126
  • Municipality: ANDOVER
  • Latitude: 42.6568
  • Longitude: -71.1351

    Address

  • Full Address: 56 Chestnut St
  • Address - House Number: 56
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C015
  • 4-Digit Zip Code: 3637
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,124,400

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,009,194
  • High Value: 1,165,738
  • Low Value: 852,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $823,100
  • Assessed Land Value: $426,000
  • Assessed Improvements Value: $397,100

    Sales

  • Current Sale Recording Date: Aug 10, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Dec 15, 1999
  • Previous Sale Amount: $345,000
  • 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 Andover

Stats & Trends

Median Asking:

$879,000

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2644 ft²

Average Home Age

91.1 years

Currently For Sale

23 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# 71384252

Frequently Asked Questions

When was property at 56 Chestnut Street built and last sold?
The property at 56 Chestnut Street was built in 1938 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 56 Chestnut Street is $506,819.
What are some comparable homes to 56 Chestnut Street?
There are currently no comparable homes to 56 Chestnut Street.
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