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Essex 01810
7 Mortimer Drive
Photo of 7 Mortimer Drive
Sold on Nov 14, 2008

1

Map

$875,000
● House - Off Market

7 Mortimer Drive

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,784 Ft²
$1,840,575
RealtyHop Estimate
109.18%
Since Dec 1, 2008
MA-Boston
Primary Model

About This Property

Magnificent 10 rm, 4 bdrm, 3.5 bath Colonial at end of cul-de-sac nghbrhd. Features incl hdwd flrs thru-out 1st flr; 2-story foyer w/bridal staircase; 9' ceilings, formal DR & LR w/fp, bay window; gourmet kitchen w/cherry cabinets, granite countertops, st/st appliances; family rm w/fp, office & all-season sunroom w/tile floor. Laundry rm on 2nd flr.  Mstr bdrm has full bath w/Jacuzzi, walk-in closet. 3-car garage under, lg deck, beautifully landscaped yard w/decorative fence. Irrigation system.
Unit Size
3,784 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$233
Property Type
House
Property Taxes
$840
HOA Dues
-
Year Built
1999

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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: 4 months ago (MLSPIN #70815271)

Price History

Date / Event Date Event Price
Nov 14, 2008 Sold
Premium
Sold
Sep 3, 2008 Listed $879,900
Listed
Jul 30, 2003 Sold
Premium
Sold
Apr 4, 2003 Listed $849,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,996
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,525
  • Total Building Area: 4,782
  • Gross Building Area: 6,068
  • Building Area: 4,782
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,782
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000678
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00031 B:00001 L:0000L
  • Block: 1
  • Lot: L
  • Municipality: ANDOVER
  • Latitude: 42.6142
  • Longitude: -71.0945

    Address

  • Full Address: 7 Mortimer Dr
  • Address - House Number: 7
  • Address - Street Name: Mortimer
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: R005
  • 4-Digit Zip Code: 5236
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,521,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,444,820
  • High Value: 1,668,937
  • Low Value: 1,220,703

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,113,500
  • Assessed Land Value: $366,700
  • Assessed Improvements Value: $746,800

    Sales

  • Current Sale Recording Date: Nov 14, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 29227
  • Previous Sale Recording Date: Jul 30, 2003
  • Previous Sale Amount: $850,000
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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# 70815271

Frequently Asked Questions

When was property at 7 Mortimer Drive built and last sold?
The property at 7 Mortimer Drive was built in 1999 and last sold on Jan 1, 1970 for $875,000.
How much is this home worth?
The estimated value of the home located at 7 Mortimer Drive is $918,938.
What are some comparable homes to 7 Mortimer Drive?
There are currently no comparable homes to 7 Mortimer Drive.
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