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Essex
72 Patton Lane
Photo of 72 Patton Lane
Sold on Oct 17, 2008

1

Map

$430,000
● House - Off Market

72 Patton Lane

North Andover, MA 01845
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,464 Ft²
$929,288
RealtyHop Estimate
106.51%
Since Nov 1, 2008
MA-Boston
Primary Model

About This Property

Great Value & Location Too! Lovely 9 room Hip Roof Colonial sits at the end of a cul-de-sac neighborhood w/a 3+ acre lot. Home is assessed at $579,900. Amenities include: New Roof, 3/4 bedrooms, 2.5 baths, formal Living Rm & Dining Rm, Family Rm w/fireplace, large eat-in Kitchen w/access to Sunroom, 1st floor laundry, generously sized Master Suite w/walk-in closet and Jacuzzi tub, finished LL w/office, CV, & 2 car garage. Title V approved, Short Sale - Property being sold in "as is" Condition
Unit Size
2,464 Ft²
Days on Market
-
Land Size
3.10 acres
Price per sqft
$183
Property Type
House
Property Taxes
$565
HOA Dues
-
Year Built
1985

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Cap Rate Calculator

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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 #70804941)

Price History

Date / Event Date Event Price
Oct 17, 2008 Sold
Premium
Sold
Aug 11, 2008 Listed $450,000
Listed
Jul 1, 2002 Sold
Premium
Sold
Mar 16, 2002 Listed by Stone Wall Real Estate $529,900
Listed by Stone Wall Real Estate
BEAUTIFUL HIP-ROOF CE COL ON QUIET CUL-DE-SAC W/9RMS, 3-4 BDRMS. FRML LIV RM & DIN RM, FP FAM RM, SPACIOUS KIT W/GREEN HOUSE WIND & EAT-IN AREA. 1ST FLR LR & 1/2 BTH. MSTR BDRM W/WALK-IN CLST, FULL BTH W/DBLT SIZE JACUZZI. 2 CAR GARAGE.
Oct 20, 1995 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • 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: 1,232
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 135,036
  • Total Building Area: 3,040
  • Gross Building Area: 5,376
  • Building Area: 3,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MICHAEL CAPOZZI
  • Land Acres: 0000003100
  • 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: 253204

Zoning

  • Zoning: R2

Geography

  • Account Number: M_235686_9
  • Parcel: NAND M:00106 B:A0090 L:00000
  • Block: A0090
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6513
  • Longitude: -71.0658

    Address

  • Full Address: 72 Patton Ln
  • Address - House Number: 72
  • Address - Street Name: Patton
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: North Andover
  • Carrier Code: R010
  • 4-Digit Zip Code: 4925
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,048,300

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 924,649
  • High Value: 1,066,861
  • Low Value: 782,436

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $945,300
  • Assessed Land Value: $417,200
  • Assessed Improvements Value: $528,100

    Sales

  • Current Sale Recording Date: Oct 17, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 26904
  • Previous Sale Recording Date: Oct 20, 1995
  • Previous Sale Amount: $280,000
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70804941

Frequently Asked Questions

When was property at 72 Patton Lane built and last sold?
The property at 72 Patton Lane was built in 1985 and last sold on Jan 1, 1970 for $430,000.
How much is this home worth?
The estimated value of the home located at 72 Patton Lane is $479,094.
What are some comparable homes to 72 Patton Lane?
There are currently no comparable homes to 72 Patton Lane.
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