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Essex 01810
7 Carter Ln
$1,050,000
● House - Off Market

7 Carter Ln

Andover, MA 01810
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,586 Ft²
$1,136,662
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Custom built Andover Colonial in a sought after cul de sac neighborhood in the South/Doherty School District. This home features an updated, open concept eat in kitchen with island and breakfast bar. Adjacent to the kichen is the family room with cathedral ceilings, hardwood floors and wood burning fireplace. The living and dining rooms both have hardwood floors and detailed crown molding, as well as wainscoting. The first floor also includes a home office with built-in bookshelves and half bath. Upstairs you'll find 5 spacious bedrooms with ample closet space, 2 full baths and access to a walk up attic. Outside you'll love the private backyard, spacious deck and 3 car garage. Easy access to Foster's Pond, commuter rail and commuter routes.
Unit Size
3,586 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$279
Property Type
House
Property Taxes
$1,091
HOA Dues
-
Year Built
1991

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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: 5 years ago (MLSPIN #72831728)

Price History

Date / Event Date Event Price
Aug 2, 2021 Sold
Premium
Sold
May 14, 2021 Listed by Lyv Realty $999,900
Listed by Lyv Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,726
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,069
  • Total Building Area: 3,586
  • Gross Building Area: 6,782
  • Building Area: 3,586
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,586
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000690
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254301

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00121 B:00001 L:0000L
  • Block: 1
  • Lot: L
  • Municipality: ANDOVER
  • Latitude: 42.6152
  • Longitude: -71.14

    Address

  • Full Address: 7 Carter Ln
  • Address - House Number: 7
  • Address - Street Name: Carter
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: R005
  • 4-Digit Zip Code: 6072
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,358,500

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,134,635
  • High Value: 1,328,231
  • Low Value: 941,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $994,500
  • Assessed Land Value: $368,300
  • Assessed Improvements Value: $626,200

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25666
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

2523 ft²

Average Home Age

72.6 years

Currently For Sale

1457 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: 5 years ago
Data Source: MLS PIN, MLS# 72831728

Frequently Asked Questions

When was property at 7 Carter Lane built and last sold?
The property at 7 Carter Lane was built in 1991 and last sold on Jul 30, 2021 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 7 Carter Lane is $0.
What are some comparable homes to 7 Carter Lane?
There are currently no comparable homes to 7 Carter Lane.
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