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Essex 01810
6 Penobscot Way
Photo of 6 Penobscot Way
Sold on Dec 22, 2005

1

Map

$582,400
● House - Off Market

6 Penobscot Way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,248 Ft²
$1,050,995
RealtyHop Estimate
79.69%
Since Jan 1, 2006
MA-Boston
Primary Model

About This Property

Fabulous 4 bedroom Colonial in sought after Andover neighborhood.  This home features hardwood floors (including kitchen), recent exterior paint, new garage doors (2004), new sprinkler system (installed 2004), beautiful manicured lot on private cul-de-sac in South School District. Access to Harold Parker State Forest from back of lot with wonderful water views.
Unit Size
2,248 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$260
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1979

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (MLSPIN #70240979)

Price History

Date / Event Date Event Price
Dec 22, 2005 Sold
Premium
Sold
Aug 12, 2005 Listed $584,900
Listed
Apr 10, 1992 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,248
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,612
  • Total Building Area: 2,560
  • Gross Building Area: 3,756
  • Building Area: 2,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,560
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000680
  • 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:00050 B:00003 L:00000
  • Block: 3
  • Municipality: ANDOVER
  • Latitude: 42.6052
  • Longitude: -71.1051

    Address

  • Full Address: 6 Penobscot Way
  • Address - House Number: 6
  • Address - Street Name: Penobscot
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: C021
  • 4-Digit Zip Code: 5231
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,163,600

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,002,346
  • High Value: 1,157,828
  • Low Value: 846,865

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $851,800
  • Assessed Land Value: $478,000
  • Assessed Improvements Value: $373,800

    Sales

  • Current Sale Recording Date: Dec 22, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 49340
  • Previous Sale Recording Date: Apr 10, 1992
  • Previous Sale Amount: $269,000
  • 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 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70240979

Frequently Asked Questions

When was property at 6 Penobscot Way built and last sold?
The property at 6 Penobscot Way was built in 1979 and last sold on Jan 1, 1970 for $582,400.
How much is this home worth?
The estimated value of the home located at 6 Penobscot Way is $605,019.
What are some comparable homes to 6 Penobscot Way?
There are currently no comparable homes to 6 Penobscot Way.
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