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Essex 01810
7 Fairway Drive
$1,450,000
● House - Off Market

7 Fairway Drive

Andover, MA 01810
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
7,000 Ft²
$3,364,770
RealtyHop Estimate
125.82%
Since Jul 1, 2002
MA-Boston
Primary Model

About This Property

STATELY GEORGIAN COLONIAL OVERLOOKING INDIAN RIDGE GOLF COURSE.EXQUISITE APPOINTMENTS.2 STORY FOYER, BRIDAY STAIRWY, MASSIVE FAMILY ROOM, GOURMET KITCHEN, MASTER BEDROOM SUITE, 1ST FL. GUEST SUITE, PANORAMIC VIEWS OF GOLF COURSE.
Unit Size
7,000 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$213
Property Type
House
Property Taxes
$1,128
HOA Dues
-
Year Built
1987

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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 #30573189)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
Apr 30, 2021 Listed by Dewolfe-Andover $1,749,900
Listed by Dewolfe-Andover
Jun 13, 2002 Sold
Premium
Sold
Jan 18, 2002 Listed by Coldwell Banker Realty - Andover $1,490,000
Listed by Coldwell Banker Realty - Andover
STATELY GEORGIAN COLONIAL OVERLOOKING INDIAN RIDGE GOLF COURSE.EXQUISITE APPOINTMENTS.2 STORY FOYER, BRIDAY STAIRWY, MASSIVE FAMILY ROOM, GOURMET KITCHEN, MASTER BEDROOM SUITE, 1ST FL. GUEST SUITE, PANORAMIC VIEWS OF GOLF COURSE.
Nov 1, 1995 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,106
  • Total Building Area: 6,946
  • Gross Building Area: 10,287
  • Building Area: 6,946
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 6,946
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASTLE GREEN
  • Land Acres: 0000000921
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254403

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00134 B:00012 L:0000H
  • Block: 12
  • Lot: H
  • Municipality: ANDOVER
  • Latitude: 42.6438
  • Longitude: -71.175

    Address

  • Full Address: 7 Fairway Dr
  • Address - House Number: 7
  • Address - Street Name: Fairway
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C012
  • 4-Digit Zip Code: 4640
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,462,900

    Appraisal Valuation

  • Standard Deviation: 0.16
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,143,130
  • High Value: 2,486,244
  • Low Value: 1,800,016

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,803,000
  • Assessed Land Value: $443,500
  • Assessed Improvements Value: $1,359,500

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24586
  • Previous Sale Recording Date: Nov 01, 1995
  • Previous Sale Amount: $825,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30573189

Frequently Asked Questions

When was property at 7 Fairway Drive built and last sold?
The property at 7 Fairway Drive was built in 1987 and last sold on Jul 23, 2021 for $1,700,000.
How much is this home worth?
The estimated value of the home located at 7 Fairway Drive is $1,731,640.
What are some comparable homes to 7 Fairway Drive?
There are currently no comparable homes to 7 Fairway Drive.
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