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Essex 01810
7 Fossen Way
$650,000
● House - Off Market

7 Fossen Way

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,068 Ft²
$1,514,199
RealtyHop Estimate
124.36%
Since Apr 1, 2012
National-US
Primary Model

About This Property

Excellent opportunity to own a quality built home in a desirable neighborhood within the High Plain/Wood Hill School District! This home features an eat in kitchen, sun room overlooking a private backyard, family room with fireplace, first floor office plus formal living and dining rooms. Upstairs you'll find 4 spacious bedrooms with ample closet space and two full baths. The Lower Level includes a finished playroom, mudroom, extra storage, 2 car garage. Wonderful opportunity!
Unit Size
3,068 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$220
Property Type
House
Property Taxes
$838
HOA Dues
-
Year Built
1989

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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 months ago (MLSPIN #71326391)

Price History

Date / Event Date Event Price
Mar 16, 2012 Sold
Premium
Sold
Jan 11, 2012 Listed by RE/MAX Partners $674,900
Listed by RE/MAX Partners
May 15, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 9
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,644
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,435
  • Total Building Area: 3,890
  • Gross Building Area: 5,540
  • Building Area: 3,890
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,890
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGH PARK
  • Land Acres: 0000001066
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254402

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00204 B:00001 L:0000S
  • Block: 1
  • Lot: S
  • Municipality: ANDOVER
  • Latitude: 42.6789
  • Longitude: -71.2222

    Address

  • Full Address: 7 Fossen Way
  • Address - House Number: 7
  • Address - Street Name: Fossen
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: R003
  • 4-Digit Zip Code: 6306
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,419,700

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,277,746
  • High Value: 1,495,760
  • Low Value: 1,059,732

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,039,300
  • Assessed Land Value: $455,300
  • Assessed Improvements Value: $584,000

    Sales

  • Current Sale Recording Date: Mar 16, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: May 15, 1998
  • Previous Sale Amount: $500,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2536 ft²

Average Home Age

72.3 years

Currently For Sale

1464 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: 5 months ago
Data Source: MLS PIN, MLS# 71326391

Frequently Asked Questions

When was property at 7 Fossen Way built and last sold?
The property at 7 Fossen Way was built in 1989 and last sold on Jan 1, 1970 for $650,000.
How much is this home worth?
The estimated value of the home located at 7 Fossen Way is $704,907.
What are some comparable homes to 7 Fossen Way?
There are currently no comparable homes to 7 Fossen Way.
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