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Andover 01810
7 Burnham Rd
$420,000
● House - Off Market

7 Burnham Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,156 Ft²
$634,339
RealtyHop Estimate
47.55%
Since Mar 1, 2019
MA-Boston
Primary Model

About This Property

Conveniently located just half a mile from downtown Andover. Easy access to parks, T-station, and shopping. This adorable 3 bedroom ranch with plenty of closet space, and it's hardwood floors throughout will make you feel right at home.  Weather it's the open concept, new drywall and paint or the tastefully done updated kitchen with granite countertops, you will come to terms that your search is over.  Schedule your private showing today while it's still available.
Unit Size
1,156 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$372
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1948

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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 #72425898)

Price History

Date / Event Date Event Price
Feb 28, 2019 Sold
Premium
Sold
Nov 20, 2018 Listed by Century 21 McLennan & Company $429,900
Listed by Century 21 McLennan & Company
Feb 23, 2015 Sold
Premium
Sold
Dec 10, 2014 Listed by Century 21 McLennan & Company $319,000
Listed by Century 21 McLennan & Company
Apr 30, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,156
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,347
  • Total Building Area: 1,156
  • Gross Building Area: 3,468
  • Building Area: 1,156
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,156
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND ANDOVER
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254100

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00020 B:00025 L:00000
  • Block: 25
  • Municipality: ANDOVER
  • Latitude: 42.6663
  • Longitude: -71.141

    Address

  • Full Address: 7 Burnham Rd
  • Address - House Number: 7
  • Address - Street Name: Burnham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C019
  • 4-Digit Zip Code: 3110
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $655,000

    Appraisal Valuation

  • Standard Deviation: 0.1829
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 462,970
  • High Value: 547,680
  • Low Value: 378,259

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $479,500
  • Assessed Land Value: $284,600
  • Assessed Improvements Value: $194,900

    Sales

  • Current Sale Contract Date: Feb 21, 2019
  • Current Sale Recording Date: Feb 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4250
  • Previous Sale Recording Date: Feb 23, 2015
  • Previous Sale Amount: $319,000
  • 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 Andover

Stats & Trends

Median Asking:

$872,500

Sale Price/ft²

$417

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2796 ft²

Average Home Age

93.3 years

Currently For Sale

22 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: 4 months ago
Data Source: MLS PIN, MLS# 72425898

Frequently Asked Questions

When was property at 7 Burnham Road built and last sold?
The property at 7 Burnham Road was built in 1948 and last sold on Feb 21, 2019 for $420,000.
How much is this home worth?
The estimated value of the home located at 7 Burnham Road is $433,056.
What are some comparable homes to 7 Burnham Road?
There are currently no comparable homes to 7 Burnham Road.
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