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Andover 01810
62 Chestnut Street
$348,500
● House - Off Market

62 Chestnut Street

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,041 Ft²
$1,293,199
RealtyHop Estimate
270.54%
Since Aug 1, 1998
MA-Boston
Primary Model

About This Property

IN-TOWN LIVING AT ITS BEST! JUST SECONDS FROM THE PARK, THIS CHARMING TURN-OF-THE-CENTURY COLONIAL OFFERS SPACE FOR THE GROWING FAMILY W/4 BRS PLUS WONDERFULLY FINISHED LL WITH 5TH BR, SITTING AREA & FULL BATH. BRIGHT&SUNNY. TERRIFIC CHOICE!
Unit Size
2,041 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$171
Property Type
House
Property Taxes
$302
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 years ago (MLSPIN #30231924)

Price History

Date / Event Date Event Price
Jul 30, 1998 Sold
Premium
Sold
Jun 11, 1998 Listed $349,000
Listed
May 15, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 978
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,038
  • Total Building Area: 2,787
  • Gross Building Area: 4,109
  • Building Area: 2,787
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,787
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • 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:00039 B:00129 L:00000
  • Block: 129
  • Municipality: ANDOVER
  • Latitude: 42.6569
  • Longitude: -71.1345

    Address

  • Full Address: 62 Chestnut St
  • Address - House Number: 62
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C015
  • 4-Digit Zip Code: 3637
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,036,400

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 994,816
  • High Value: 1,163,056
  • Low Value: 826,576

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $758,700
  • Assessed Land Value: $432,400
  • Assessed Improvements Value: $326,300

    Sales

  • Current Sale Recording Date: Jul 30, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 15, 1987
  • Previous Sale Amount: $260,000
  • 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:

$879,000

Sale Price/ft²

$423

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3397 ft²

Average Home Age

75.1 years

Currently For Sale

15 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: 4 years ago
Data Source: MLS PIN, MLS# 30231924

Frequently Asked Questions

When was property at 62 Chestnut Street built and last sold?
The property at 62 Chestnut Street was built in 1900 and last sold on Jan 1, 1970 for $348,500.
How much is this home worth?
The estimated value of the home located at 62 Chestnut Street is $378,890.
What are some comparable homes to 62 Chestnut Street?
There are currently no comparable homes to 62 Chestnut Street.
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