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Essex
71 Olympic Ln
$850,000
● House - Off Market

71 Olympic Ln

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,140 Ft²
$853,415
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Move-in ready garrison in sought after Sargent School district. Recent updates include granite kitchen, roof, furnace, radon mitigation system, deck, and remodeled bathrooms. Walk-up attic for potential expansion. Hardwood floors throughout the house and a large flat backyard. Title 5 approved.
Unit Size
2,140 Ft²
Days on Market
-
Land Size
1.14 acres
Price per sqft
$392
Property Type
House
Property Taxes
$659
HOA Dues
-
Year Built
1979

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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 #72956445)

Price History

Date / Event Date Event Price
Jun 1, 2022 Sold
Premium
Sold
Mar 23, 2022 Listed by Get Listed Realty, LLC $839,900
Listed by Get Listed Realty, LLC
Sep 30, 2003 Sold
Premium
Sold
Aug 12, 2003 Listed by Coldwell Banker Realty - Andover $499,900
Listed by Coldwell Banker Realty - Andover
MOVE RIGHT INTO THIS METICULOUS ONE OWNER COLONIAL IN GREAT NEIGHBORHOOD.FEATURING NUMEROUS UPDATES,CENTRAL AIR,HARDWOOD FLOORS,AND A LARGE SUNNY YARD,THIS HOME IS SURE TO PLEASE! TITLE 5 APPROVED.SMART BUYERS TO THE FRONT OF THE LINE!!!

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • 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: 1,000
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,658
  • Total Building Area: 2,640
  • Gross Building Area: 3,296
  • Building Area: 2,640
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,640
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001140
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Andover School District
  • School Tax School District: NO ANDOVER SD
  • Census Tract: 253205

Zoning

  • Zoning: R1

Geography

  • Account Number: M_236670_9
  • Parcel: NAND M:00106 B:B0140 L:00000
  • Block: B0140
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6427
  • Longitude: -71.0525

    Address

  • Full Address: 71 Olympic Ln
  • Address - House Number: 71
  • Address - Street Name: Olympic
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Andover
  • Carrier Code: R010
  • 4-Digit Zip Code: 3311
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $897,100

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 904,325
  • High Value: 1,058,449
  • Low Value: 750,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $808,900
  • Assessed Land Value: $393,700
  • Assessed Improvements Value: $415,200

    Sales

  • Current Sale Contract Date: Jun 01, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13006
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

2549 ft²

Average Home Age

72.6 years

Currently For Sale

1470 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# 72956445

Frequently Asked Questions

When was property at 71 Olympic Lane built and last sold?
The property at 71 Olympic Lane was built in 1979 and last sold on Jun 1, 2022 for $850,000.
How much is this home worth?
The estimated value of the home located at 71 Olympic Lane is $847,940.
What are some comparable homes to 71 Olympic Lane?
There are currently no comparable homes to 71 Olympic Lane.
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