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Essex 01810
7 Lancaster Place
Photo of 7 Lancaster Place
Sold on Aug 29, 2006

1

Map

$650,000
● House - Off Market

7 Lancaster Place

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$1,234,377
RealtyHop Estimate
81.55%
Since Sep 1, 2006
MA-Boston
Primary Model

About This Property

SPARKLING, LIGHT-FILLED center hall col. will take your breath away!Feels brand new!Meticulously maintained & beautifully updated w/high-end cstm amenities.HW flrs,crown molding,Andersen wndws & Hunter Douglas wood blinds thruout.Spacious FR w/vaulted ceil.,cstm blt entertainmnt unit & raised panel moldings over cstm marble fp.Open,airy kit. w/handmade butternut solid wood cabinets adjoins fr & wonderful yr-round sunrm w/skylights overlooking private bckyard & deck.Designer bathrooms.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
1.16 acres
Price per sqft
$272
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #70363158)

Price History

Date / Event Date Event Price
Jul 31, 2018 Sold
Premium
Sold
Aug 30, 2006 Sold
Premium
Sold
Apr 6, 2006 Listed $679,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 8
  • 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: 1,248
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,686
  • Total Building Area: 3,237
  • Gross Building Area: 3,965
  • Building Area: 3,237
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,237
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHERWOOD FOREST
  • Land Acres: 0000001164
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254401

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00132 B:00055 L:00000
  • Block: 55
  • Municipality: ANDOVER
  • Latitude: 42.6581
  • Longitude: -71.181

    Address

  • Full Address: 7 Lancaster Pl
  • Address - House Number: 7
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Andover
  • Carrier Code: R003
  • 4-Digit Zip Code: 3314
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,097,700

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,060,313
  • High Value: 1,241,228
  • Low Value: 879,399

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $803,600
  • Assessed Land Value: $466,900
  • Assessed Improvements Value: $336,700

    Sales

  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18363
  • Previous Sale Recording Date: Aug 30, 2006
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

2501 ft²

Average Home Age

73.5 years

Currently For Sale

1398 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: 6 months ago
Data Source: MLS PIN, MLS# 70363158

Frequently Asked Questions

When was property at 7 Lancaster Place built and last sold?
The property at 7 Lancaster Place was built in 1972 and last sold on Jan 1, 1970 for $729,000.
How much is this home worth?
The estimated value of the home located at 7 Lancaster Place is $697,809.
What are some comparable homes to 7 Lancaster Place?
There are currently no comparable homes to 7 Lancaster Place.
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