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Andover 01810
7 Cedar Road
$625,000
● House - Off Market

7 Cedar Road

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,090 Ft²
$946,604
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

PICTURE PERFECT CAPE LOCATED IN ONE OF ANDOVER'S MOST SOUGHT AFTER NEIGHBORHOODS, JOHNSON ACRES! RECENTLY FEATURED IN NORTHSHORE MAGAZINE FOR ITS' QUINTESSENTIAL NEW ENGLAND CHARM & NEIGHBORHOOD APPEAL! This 3 bedroom home features lovely fireplaced living room, charming dining room with built-in corner cabinets, fully applianced kitchen, lower level family room with fireplace and inviting screened porch. Special features include 2 car attached garage, sparkling hardwood floors just refinished, central air and the prettiest backyard you can imagine. Walk to downtown Andover & train to Boston, close proximity to Phillips Academy and excellent highway access to Rtes 93/495. WELCOME HOME!
Unit Size
2,090 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$306
Property Type
House
Property Taxes
$782
HOA Dues
-
Year Built
1939

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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 #72393738)

Price History

Date / Event Date Event Price
Oct 29, 2018 Sold
Premium
Sold
Sep 12, 2018 Listed by William Raveis R.E. & Home Services $639,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,530
  • Total Building Area: 2,078
  • Gross Building Area: 3,437
  • Building Area: 2,078
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,078
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000265
  • 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:00153 L:00000
  • Block: 153
  • Municipality: ANDOVER
  • Latitude: 42.6639
  • Longitude: -71.1364

    Address

  • Full Address: 7 Cedar Rd
  • Address - House Number: 7
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C011
  • 4-Digit Zip Code: 1703
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,124,600

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 870,086
  • High Value: 1,018,022
  • Low Value: 722,149

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $823,300
  • Assessed Land Value: $527,300
  • Assessed Improvements Value: $296,000

    Sales

  • Current Sale Recording Date: Oct 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26404
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:

$875,000

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2778 ft²

Average Home Age

90.8 years

Currently For Sale

23 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: 4 months ago
Data Source: MLS PIN, MLS# 72393738

Frequently Asked Questions

When was property at 7 Cedar Road built and last sold?
The property at 7 Cedar Road was built in 1939 and last sold on Jan 1, 1970 for $625,000.
How much is this home worth?
The estimated value of the home located at 7 Cedar Road is $659,996.
What are some comparable homes to 7 Cedar Road?
There are currently no comparable homes to 7 Cedar Road.
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