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Essex 01810
6 Random Lane
$600,000
● House - Off Market

6 Random Lane

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,510 Ft²
$1,264,634
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

MUST BE SEEN! Everything has been done, you just have to move in! Offering a very spacious floor plan, a beautifully updated family sized kitchen with granite & stainless, finished lower level, new baths, fresh paint, gleaming hardwoods and the list rolls on and on. Spectacular cul-de-sac lot, on town sewer, with in-ground heated pool and patio area! Additional updates include roofing, windows & central air. Bancroft School neighborhood minutes to town & highway. SO MUCH HOUSE FOR THE MONEY!
Unit Size
3,510 Ft²
Days on Market
-
Land Size
0.89 acres
Price per sqft
$174
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1963

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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 #71326374)

Price History

Date / Event Date Event Price
May 4, 2022 Sold
Premium
Sold
May 18, 2012 Sold
Premium
Sold
Jan 11, 2012 Listed by RE/MAX Partners $609,900
Listed by RE/MAX Partners

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,023
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,999
  • Total Building Area: 3,308
  • Gross Building Area: 4,282
  • Building Area: 3,308
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,308
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 11188
  • Land Acres: 0000000895
  • 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:00033 L:00000
  • Block: 33
  • Municipality: ANDOVER
  • Latitude: 42.6257
  • Longitude: -71.119

    Address

  • Full Address: 6 Random Ln
  • Address - House Number: 6
  • Address - Street Name: Random
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C024
  • 4-Digit Zip Code: 5738
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,056,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 988,053
  • High Value: 1,156,891
  • Low Value: 819,215

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $773,700
  • Assessed Land Value: $443,400
  • Assessed Improvements Value: $330,300

    Sales

  • Current Sale Contract Date: May 04, 2022
  • Current Sale Recording Date: May 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10740
  • Previous Sale Recording Date: May 18, 2012
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: O
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71326374

Frequently Asked Questions

When was property at 6 Random Lane built and last sold?
The property at 6 Random Lane was built in 1963 and last sold on May 4, 2022 for $920,000.
How much is this home worth?
The estimated value of the home located at 6 Random Lane is $657,146.
What are some comparable homes to 6 Random Lane?
There are currently no comparable homes to 6 Random Lane.
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