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Essex
56 Thorndike Road
$355,000
● House - Off Market

56 Thorndike Road

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,618 Ft²
$800,760
RealtyHop Estimate
122.50%
Since Dec 1, 2003
National-US
Primary Model

About This Property

PRETTY BUNGALOW UPDATED W/ALL THE CHARM OF YESTERYR. FORMAL LR & DR CONNECTED W/FRENCH DOORS, BRIGHT KIT, BLCHD OAK CAB. HTD AREA OFF KIT GRT BRKFST RM, SCREEN PORCH, SPACIOUS LOT FOR RM TO GROW, CLOSE TO TWN, DETACHED GARAGE.
Unit Size
1,618 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$222
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1930

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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 #30744384)

Price History

Date / Event Date Event Price
Nov 14, 2003 Sold
Premium
Sold
Jul 11, 2003 Listed by Home Sellers Edge $359,900
Listed by Home Sellers Edge

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • 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: 1,116
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,944
  • Total Building Area: 1,896
  • Gross Building Area: 3,726
  • Building Area: 1,896
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,896
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGH STREET FIELD
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Andover School District
  • School Tax School District: NO ANDOVER SD
  • Census Tract: 253201

Zoning

  • Zoning: R4

Geography

  • Account Number: M_230495_9
  • Parcel: NAND M:00053 B:00008 L:00000
  • Block: 8
  • Municipality: NORTH ANDOVER
  • Latitude: 42.7061
  • Longitude: -71.1279

    Address

  • Full Address: 56 Thorndike Rd
  • Address - House Number: 56
  • Address - Street Name: Thorndike
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: C032
  • 4-Digit Zip Code: 1646
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $599,300

    Appraisal Valuation

  • Standard Deviation: 0.1697
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 645,573
  • High Value: 747,544
  • Low Value: 543,602

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $540,400
  • Assessed Land Value: $289,300
  • Assessed Improvements Value: $251,100

    Sales

  • Current Sale Recording Date: Nov 14, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 65637
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:

$699,899

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.5 years

Currently For Sale

1472 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 years ago
Data Source: MLS PIN, MLS# 30744384

Frequently Asked Questions

When was property at 56 Thorndike Road built and last sold?
The property at 56 Thorndike Road was built in 1930 and last sold on Jan 1, 1970 for $355,000.
How much is this home worth?
The estimated value of the home located at 56 Thorndike Road is $0.
What are some comparable homes to 56 Thorndike Road?
There are currently no comparable homes to 56 Thorndike Road.
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