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Andover 01810
6 Ridge Street
$325,000
● House - Off Market

6 Ridge Street

Andover, MA 01810
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,241 Ft²
$514,504
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

Best Value and Opportunity to Live in Andover located just steps from downtown! This Cozy 2/3 bedroom colonial which features a brand new bathroom, maintenance free vinyl siding, newer gas furnace, hot water heater, fenced in yard, newer carpet and interior paint. Within walking distance to all of Downtown including: The Commuter Rail to Boston, Memorial Hall Library, A.V.I.S Trails, Whole foods, Restaurants, Shopping, and The Town Park where annual Summer Concerts, Craft Fairs, and more are held! Assigned to South Elementary and Doherty Middle Schools. Whether a First Time Buyer, Starting a Family, or Down Sizing this Charming Home will be the perfect fit to enjoy all of what Andover has to offer!
Unit Size
1,241 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$265
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1916

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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: 5 months ago (MLSPIN #72161603)

Price History

Date / Event Date Event Price
Nov 30, 2017 Sold
Premium
Sold
May 10, 2017 Listed by LAER Realty Partners $329,000
Listed by LAER Realty Partners
Sep 13, 2010 Sold
Premium
Sold
Jun 16, 2010 Listed by LAER Realty Partners $259,000
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 654
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,764
  • Total Building Area: 1,241
  • Gross Building Area: 2,238
  • Building Area: 1,241
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,241
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000086
  • 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:00055 B:00029 L:00000
  • Block: 29
  • Municipality: ANDOVER
  • Latitude: 42.6561
  • Longitude: -71.1442

    Address

  • Full Address: 6 Ridge St
  • Address - House Number: 6
  • Address - Street Name: Ridge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C022
  • 4-Digit Zip Code: 3722
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $586,000

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 540,519
  • High Value: 631,658
  • Low Value: 449,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $429,000
  • Assessed Land Value: $214,400
  • Assessed Improvements Value: $214,600

    Sales

  • Current Sale Recording Date: Nov 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31212
  • Previous Sale Recording Date: Sep 13, 2010
  • Previous Sale Amount: $235,000
  • 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:

$899,900

Sale Price/ft²

$421

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2861 ft²

Average Home Age

73.3 years

Currently For Sale

20 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72161603

Frequently Asked Questions

When was property at 6 Ridge Street built and last sold?
The property at 6 Ridge Street was built in 1916 and last sold on Jan 1, 1970 for $325,000.
How much is this home worth?
The estimated value of the home located at 6 Ridge Street is $339,050.
What are some comparable homes to 6 Ridge Street?
There are currently no comparable homes to 6 Ridge Street.
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