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Essex
61 Forest St
$512,500
● House - Off Market

61 Forest St

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,464 Ft²
$1,037,825
RealtyHop Estimate
107.61%
Since Jul 1, 2003
MA-Boston
Primary Model

About This Property

TRADITIONAL CENTER ENTRACE COLONIAL IN EXCELLENT CONDITION SET ON ATTRACTIVE TREED LOT.  HARDWOOD FLOORS THROUGHOUT MOST OF THE HOUSE FRESHLY PAINTED INSIDE AND OUT.  NEUTRAL DECOR, A WONDERFUL WARM FAMILY HOME.
Unit Size
2,464 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$203
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1986

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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 #30703180)

Price History

Date / Event Date Event Price
Jun 25, 2003 Sold
Premium
Sold
Mar 28, 2003 Listed by Coldwell Banker Residential Brokerage - North Andover $499,900
Listed by Coldwell Banker Residential Brokerage - North Andover
Aug 13, 1993 Sold
Premium
Sold

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,232
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,858
  • Gross Building Area: 3,936
  • Building Area: 2,858
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,858
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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: 253205

Zoning

  • Zoning: R1

Geography

  • Account Number: M_235466_9
  • Parcel: NAND M:00106 B:A0168 L:00000
  • Block: A0168
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6632
  • Longitude: -71.0673

    Address

  • Full Address: 61 Forest St
  • Address - House Number: 61
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Andover
  • Carrier Code: R010
  • 4-Digit Zip Code: 3203
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $910,400

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 931,726
  • High Value: 1,089,709
  • Low Value: 773,742

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $820,900
  • Assessed Land Value: $392,000
  • Assessed Improvements Value: $428,900

    Sales

  • Current Sale Recording Date: Jun 25, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 37989
  • Previous Sale Recording Date: Aug 13, 1993
  • Previous Sale Amount: $265,900
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2520 ft²

Average Home Age

73.2 years

Currently For Sale

1449 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# 30703180

Frequently Asked Questions

When was property at 61 Forest Street built and last sold?
The property at 61 Forest Street was built in 1986 and last sold on Jan 1, 1970 for $512,500.
How much is this home worth?
The estimated value of the home located at 61 Forest Street is $528,136.
What are some comparable homes to 61 Forest Street?
There are currently no comparable homes to 61 Forest Street.
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