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Andover 01810
7 Central Lane
$1,015,000
● House - Off Market

7 Central Lane

Andover, MA 01810
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,905 Ft²
$2,013,160
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

Walk to town from this beautiful, historical Cape located on a private Cul de Sac surrounded by a pastoral setting.  This unique home has the option of first floor living in an open floor plan. With a bright and luminous sunroom off the kitchen, you are engulfed in the privacy of beautiful gardens and sconsed with a wooden background.  The second floor enjoys views of the Church steeple on Central Street.  Don't miss this opportunity of living in one of the most historical areas in Andover!
Unit Size
3,905 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$269
Property Type
House
Property Taxes
$949
HOA Dues
-
Year Built
1951

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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 #71506374)

Price History

Date / Event Date Event Price
Jan 24, 2014 Sold
Premium
Sold
Apr 10, 2013 Listed by Lillian Montalto Signature Properties $1,050,000
Listed by Lillian Montalto Signature Properties
Sep 14, 1995 Sold
Premium
Sold
May 12, 1995 Listed by Lillian Montalto Signature Properties $389,900
Listed by Lillian Montalto Signature Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 2,450
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,191
  • Total Building Area: 3,907
  • Gross Building Area: 7,747
  • Building Area: 3,907
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,907
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 2360
  • Land Acres: 0000000739
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254200

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00055 B:00139 L:00000
  • Block: 139
  • Municipality: ANDOVER
  • Latitude: 42.6514
  • Longitude: -71.1418

    Address

  • Full Address: 7 Central Ln
  • Address - House Number: 7
  • Address - Street Name: Central
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C022
  • 4-Digit Zip Code: 3901
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,640,800

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,518,392
  • High Value: 1,777,466
  • Low Value: 1,259,318

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,201,200
  • Assessed Land Value: $563,000
  • Assessed Improvements Value: $638,200

    Sales

  • Current Sale Recording Date: Jan 24, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1498
  • Previous Sale Recording Date: Sep 14, 1995
  • Previous Sale Amount: $389,000
  • Previous Sale Document Type: 27
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

2753 ft²

Average Home Age

84.5 years

Currently For Sale

21 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# 71506374

Frequently Asked Questions

When was property at 7 Central Lane built and last sold?
The property at 7 Central Lane was built in 1951 and last sold on Jan 1, 1970 for $1,015,000.
How much is this home worth?
The estimated value of the home located at 7 Central Lane is $1,059,327.
What are some comparable homes to 7 Central Lane?
There are currently no comparable homes to 7 Central Lane.
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