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Essex 01810
7 Redgate Drive
Photo of 7 Redgate Drive
Sold on Aug 26, 2008

1

Map

$535,000
● House - Off Market

7 Redgate Drive

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,106 Ft²
$1,111,715
RealtyHop Estimate
98.88%
Since Sep 1, 2008
MA-Boston
Primary Model

About This Property

Beautifully Updated Pristine Four Bedroom, 2.5 Bath, 2 Car Garage Colonial Sited on Picturesque Professionally Landscaped Private Lot on Cul-De-Sac in South School District!  Additional 684 Square Feet of Living Space in Finished Walk-Out Lower Level!  Spacious Walk-Up Attic for Expansion!  Convenient to Commuter Rail and Highway Access!  New Septic System Installed Prior to Close!  Home Warranty!  Open House Sunday, July 20, 1-3!
Unit Size
2,106 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$265
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
1980

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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: 6 months ago (MLSPIN #70779684)

Price History

Date / Event Date Event Price
Oct 6, 2020 Sold
Premium
Sold
Aug 26, 2008 Sold
Premium
Sold
Jun 18, 2008 Listed $559,000
Listed

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,415
  • Total Building Area: 2,790
  • Gross Building Area: 4,698
  • Building Area: 2,790
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,790
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER HEIGHTS
  • Land Acres: 0000000560
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00158 B:00011 L:00000
  • Block: 11
  • Municipality: ANDOVER
  • Latitude: 42.6209
  • Longitude: -71.1666

    Address

  • Full Address: 7 Redgate Dr
  • Address - House Number: 7
  • Address - Street Name: Redgate
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C018
  • 4-Digit Zip Code: 5919
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $972,000

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 939,936
  • High Value: 1,015,045
  • Low Value: 864,828

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $711,600
  • Assessed Land Value: $352,500
  • Assessed Improvements Value: $359,100

    Sales

  • Current Sale Contract Date: Sep 21, 2020
  • Current Sale Recording Date: Oct 06, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27160
  • Previous Sale Recording Date: Aug 26, 2008
  • Previous Sale Amount: $535,000
  • 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

2502 ft²

Average Home Age

73.3 years

Currently For Sale

1391 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# 70779684

Frequently Asked Questions

When was property at 7 Redgate Drive built and last sold?
The property at 7 Redgate Drive was built in 1980 and last sold on Sep 21, 2020 for $560,000.
How much is this home worth?
The estimated value of the home located at 7 Redgate Drive is $574,662.
What are some comparable homes to 7 Redgate Drive?
There are currently no comparable homes to 7 Redgate Drive.
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