1
Map
$259,765
●
Condo -
Off Market
62 Millpond #0
North Andover, MA 01945
2 Beds
2 Baths,
1
Half Bath
1,741 Ft²
$598,676
RealtyHop Estimate
117.70%
Since Apr 1, 2011
MA-Boston
Primary Model
About This Property
PERFECT FOR AN ACTIVE LIFESTYLE! It's a short walk from this lovely
home to the ponds, Mill Brook, and Weir Hill walking trails which
are adjacent to the complex. Millpond offers a pool, tennis courts
& clubhouse. This home has updated kitchen & baths, hardwood
floors, fireplace, recessed lighting & garage. It also offers a
16x16 bonus room for storage or possible third bedroom. Attention
Investors: With a third bedroom, comparable units rent for
$2000/month! Close to Town and commuter routes.
Unit Size
1,741 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$158
Property Type
Condo
Property Taxes
$300
HOA Dues
$360
Year Built
-
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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: 2 years ago (MLSPIN #71026295)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2011 | Sold | ||
| Sold | |||
| Feb 1, 2010 | Listed | $275,000 | |
| Listed | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Detached, Off Street
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Bathroom
Appliances: Range, Dishwasher, Disposal, Microwave, Other, Wine Refrigerator
Flooring Type: Wood, Tile, Carpet
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Square Footage: 1741
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1976
Waterfront Features: Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Building Name: Millpond Townhomes
Building Area Total: 1741
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Patio - Enclosed
Pool Features: Association, In Ground
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 4791
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $282,900
Tax Annual Amount: $3,604
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance
HOA/Condo/Coop Amenities: Pool, Tennis Court(s), Clubroom
HOA Fee: $360
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/01/2010
| |
2 Bed
|
2 Bath
|
1741 ft²
|
$275,000
2 Bed
2 Bath
1741 ft²
|
$259,765
-5.54%
03/24/2011
|
Gena Hatch
Coldwell Banker Realty - Andover
|
|
11/12/2004
|
2 Bed
|
2 Bath
|
2244 ft²
|
$325,000
2 Bed
2 Bath
2244 ft²
|
$310,000
-4.62%
03/17/2005
|
Wayne Ghirardini
Coldwell Banker Residential Brokerage - Andover
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017