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Essex
62 Meadowood Rd
$610,000
● House - Off Market

62 Meadowood Rd

North Andover, MA 01845
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,851 Ft²
$648,141
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Highly sought after Meadowood neighbohood.  This well maintained home is a pleasure to show, come take a look at this 3 bedroom colonial in a cul de sac setting.  Hardwood/laminate throughout the sun drenched first floor.  Bright kitchen with stainless appliances opens to the wide open foyer and dining room.  First floor is completed with a vaulted ceiling living room.  3 bedrooms on 2nd floor.  Finished lower level with family room and office/bedroom with walk out to the back of the house.  Deck off the dining room area opens to the 1/2 acre private wooded lot.  Updated Central Air one year ago and also new roof and Electrical system.  Walking distance to community playground (tot lot)  Easy commutes to 93 and 495.  Several walking trails in close proximity.  Showings to start immediately.
Unit Size
1,851 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$330
Property Type
House
Property Taxes
$525
HOA Dues
-
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #73021896)

Price History

Date / Event Date Event Price
Oct 31, 2022 Sold
Premium
Sold
Aug 9, 2022 Listed by Consoli Realty Group $610,000
Listed by Consoli Realty Group
Jun 24, 2016 Sold
Premium
Sold
Mar 30, 2016 Listed by Consoli Realty Group $399,900
Listed by Consoli Realty Group
Jun 25, 2010 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 2
  • Basement Area: 540
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,017
  • Total Building Area: 1,798
  • Gross Building Area: 2,460
  • Building Area: 1,798
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,798
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWOOD NORTH ANDOVER
  • Land Acres: 0000000574
  • 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: 253204

Zoning

  • Zoning: R1

Geography

  • Account Number: M_231593_9
  • Parcel: NAND M:00025 B:00088 L:00000
  • Block: 88
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6605
  • Longitude: -71.1151

    Address

  • Full Address: 62 Meadowood Rd
  • Address - House Number: 62
  • Address - Street Name: Meadowood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: R003
  • 4-Digit Zip Code: 5927
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $665,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 690,130
  • High Value: 809,518
  • Low Value: 570,742

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $600,000
  • Assessed Land Value: $311,400
  • Assessed Improvements Value: $288,600

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Oct 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25523
  • Previous Sale Recording Date: Jun 24, 2016
  • Previous Sale Amount: $408,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2501 ft²

Average Home Age

73.5 years

Currently For Sale

1398 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: 6 months ago
Data Source: MLS PIN, MLS# 73021896

Frequently Asked Questions

When was property at 62 Meadowood Road built and last sold?
The property at 62 Meadowood Road was built in 1993 and last sold on Oct 31, 2022 for $610,000.
How much is this home worth?
The estimated value of the home located at 62 Meadowood Road is $613,909.
What are some comparable homes to 62 Meadowood Road?
There are currently no comparable homes to 62 Meadowood Road.
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