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Andover 01810
7 Marion Ave
$530,000
● House - Off Market

7 Marion Ave

Andover, MA 01810
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,370 Ft²
$784,570
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Don't wait on this gem as it will not last! Come see this tastefully RENOVATED home in one of the most desirable neighborhoods in Andover. Walk to all the in-town amenities Andover has to offer including shops and restaurants. Beautifully situated on a large lot on a great street. NEW UPDATES include Kitchen renovation in 2015, half bath renovated in 2015, full bath renovated in 2015, converted breezeway to a heated entry mudroom and office, replaced front and back doors as well as all interior doors, NEW Hot Water Heater in 2015, fresh paint and NEW garage door and opener. This home offers a beautiful open floor plan and is ready for its next chapter!
Unit Size
1,370 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$387
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1962

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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 #72323328)

Price History

Date / Event Date Event Price
Jul 25, 2018 Sold
Premium
Sold
May 9, 2018 Listed by Lillian Montalto Signature Properties $529,900
Listed by Lillian Montalto Signature Properties
Nov 10, 2014 Sold
Premium
Sold
Sep 18, 2014 Listed by Lillian Montalto Signature Properties $449,900
Listed by Lillian Montalto Signature Properties
Aug 8, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,145
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,614
  • Total Building Area: 2,061
  • Gross Building Area: 2,838
  • Building Area: 2,061
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,061
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000381
  • 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:00074 B:00052 L:00000
  • Block: 52
  • Municipality: ANDOVER
  • Latitude: 42.6487
  • Longitude: -71.1472

    Address

  • Full Address: 7 Marion Ave
  • Address - House Number: 7
  • Address - Street Name: Marion
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Andover
  • Carrier Code: C022
  • 4-Digit Zip Code: 3906
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $797,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 734,173
  • High Value: 850,138
  • Low Value: 618,207

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $583,600
  • Assessed Land Value: $368,300
  • Assessed Improvements Value: $215,300

    Sales

  • Current Sale Recording Date: Jul 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17713
  • Previous Sale Recording Date: Nov 10, 2014
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: O
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:

$899,900

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2854 ft²

Average Home Age

80.4 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72323328

Frequently Asked Questions

When was property at 7 Marion Avenue built and last sold?
The property at 7 Marion Avenue was built in 1962 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 7 Marion Avenue is $536,001.
What are some comparable homes to 7 Marion Avenue?
There are currently no comparable homes to 7 Marion Avenue.
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