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Essex 01810
7 Robandy Rd
$701,000
● House - Off Market

7 Robandy Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,420 Ft²
$4,206
Est. Monthly

About This Property

Fabulous Ranch style home on a prime lot in a much sought-after cul-de-sac. This three bedroom home has been lovingly cared for by the same family for over 30 years. Features include an eat-in kitchen, attached family room with glass sliding door to backyard, plus a living room with wood-burning fireplace, hardwood flooring, and a large picture window. The bedroom wing includes three nicely-sized bedrooms with ample closet space and one full tiled bath. The lower-level awaits your finishing touches and has a new boiler, water heater and 2nd fireplace. Excellent opportunity to own a home in a prized location on a prime lot.
Unit Size
1,420 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$493
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1952

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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 #73172328)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Premium
Sold
Nov 8, 2023 In contract -
In contract
Oct 19, 2023 Listed by RE/MAX Partners $699,900
Listed by RE/MAX Partners
Mar 11, 1994 Sold
Premium
Sold
Aug 30, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,200
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,046
  • Total Building Area: 1,420
  • Gross Building Area: 3,100
  • Building Area: 1,420
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,420
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00025 B:00025 L:00000
  • Block: 25
  • Municipality: ANDOVER
  • Latitude: 42.6445
  • Longitude: -71.1223

    Address

  • Full Address: 7 Robandy Rd
  • Address - House Number: 7
  • Address - Street Name: Robandy
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C001
  • 4-Digit Zip Code: 2103
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $922,100

    Appraisal Valuation

  • Standard Deviation: 0.1473
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 82
  • Final Value: 774,641
  • High Value: 888,812
  • Low Value: 660,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $675,000
  • Assessed Land Value: $443,200
  • Assessed Improvements Value: $231,800

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20716
  • Previous Sale Recording Date: Mar 11, 1994
  • Previous Sale Amount: $215,000
  • 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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.5 years

Currently For Sale

1472 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# 73172328

Frequently Asked Questions

When was property at 7 Robandy Road built and last sold?
The property at 7 Robandy Road was built in 1952 and last sold on Dec 15, 2023 for $701,000.
How much is this home worth?
The estimated value of the home located at 7 Robandy Road is $702,231.
What are some comparable homes to 7 Robandy Road?
There are currently no comparable homes to 7 Robandy Road.
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