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Andover 01810
61 Red Spring Road
$390,000
● House - Off Market

61 Red Spring Road

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,856 Ft²
$594,320
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

This Victorian style home has 3 bedrooms, high ceilings, 1.5 baths, hardwood flooring, built in bookcases, 2 stair cases, full basement, 1 car garage, (possible potential expansion of parking) front porch,  screened porch, and fenced yard. OIL HEAT !!! Great location offers convenient access to train, downtown, shopping, restaurants,  major highways, Andover West Middle & Andover High .
Unit Size
1,856 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$221
Property Type
House
Property Taxes
$526
HOA Dues
-
Year Built
1900

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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 #72394477)

Price History

Date / Event Date Event Price
Mar 25, 2019 Sold
Premium
Sold
Sep 12, 2018 Listed by J. Barrett & Company $410,000
Listed by J. Barrett & Company
Apr 30, 1963 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,058
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,321
  • Total Building Area: 2,093
  • Gross Building Area: 3,752
  • Building Area: 2,093
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,093
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254401

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00072 B:00034 L:00000
  • Block: 34
  • Municipality: ANDOVER
  • Latitude: 42.6549
  • Longitude: -71.1509

    Address

  • Full Address: 61 Red Spring Rd
  • Address - House Number: 61
  • Address - Street Name: Red Spring
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C003
  • 4-Digit Zip Code: 3436
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $773,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 751,664
  • High Value: 887,913
  • Low Value: 615,415

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $566,500
  • Assessed Land Value: $302,200
  • Assessed Improvements Value: $264,300

    Sales

  • Current Sale Contract Date: Mar 25, 2019
  • Current Sale Recording Date: Mar 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 6142
  • Previous Sale Recording Date: Apr 30, 1963
  • Previous Sale Amount: $18,000
  • 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:

$875,000

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2778 ft²

Average Home Age

90.8 years

Currently For Sale

23 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 months ago
Data Source: MLS PIN, MLS# 72394477

Frequently Asked Questions

When was property at 61 Red Spring Road built and last sold?
The property at 61 Red Spring Road was built in 1900 and last sold on Mar 25, 2019 for $390,000.
How much is this home worth?
The estimated value of the home located at 61 Red Spring Road is $432,935.
What are some comparable homes to 61 Red Spring Road?
There are currently no comparable homes to 61 Red Spring Road.
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