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Essex
73 Lancaster Drive
Photo of 73 Lancaster Drive
Sold on Nov 7, 2005

1

Map

$1,059,000
● House - Off Market

73 Lancaster Drive

North Andover, MA 01845
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,573 Ft²
$1,889,427
RealtyHop Estimate
78.42%
Since Dec 1, 2005
MA-Boston
Primary Model

About This Property

Magnificent Colonial in Newcastle Estates! This Home Features 12 Rms, 5 Bedrms, 4.5 Bths,2 Story Foyer w/ Dental Molding & Wainscotting, Formal Living Rm w/ Gas Frplc,Kitchen w/ Breakfast Bar, Dining Area, Built-In Buffet, Display Cabinets & Bow Window,Family Rm w/ Stone, Gas Frplc.,Sun Room, Great Rm. w/ Cath. Ceilings & Wet Bar, Mstr. Bedrm Suite w/ Jacuzzi Tub. Other Amenities: Gleaming Hrdw Flrs,1st flr. Office, 1st Flr Lndry, Fin. W/O Bsmt, In-Ground Pool w/ Patio Area, 3 Car Grge & More!
Unit Size
4,573 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$232
Property Type
House
Property Taxes
$914
HOA Dues
-
Year Built
1993

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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: 4 months ago (MLSPIN #70246209)

Price History

Date / Event Date Event Price
Nov 7, 2005 Sold
Premium
Sold
Aug 23, 2005 Listed $1,059,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 2,874
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 57,064
  • Total Building Area: 5,205
  • Gross Building Area: 7,721
  • Building Area: 5,205
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,205
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH ANDOVER
  • Land Acres: 0000001310
  • 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_234817_9
  • Parcel: NAND M:00104 B:D0176 L:00000
  • Block: D0176
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6722
  • Longitude: -71.0751

    Address

  • Full Address: 73 Lancaster Rd
  • Address - House Number: 73
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: C029
  • 4-Digit Zip Code: 2147
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,610,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,586,384
  • High Value: 1,855,371
  • Low Value: 1,317,397

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,452,300
  • Assessed Land Value: $417,500
  • Assessed Improvements Value: $1,034,800

    Sales

  • Current Sale Recording Date: Nov 07, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 43152
  • Previous Sale Recording Date: Nov 07, 2005
  • Previous Sale Amount: $1,059,000
  • Previous Sale Document Type: 48
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

2546 ft²

Average Home Age

73.2 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70246209

Frequently Asked Questions

When was property at 73 Lancaster Road built and last sold?
The property at 73 Lancaster Road was built in 1993 and last sold on Jan 1, 1970 for $1,059,000.
How much is this home worth?
The estimated value of the home located at 73 Lancaster Road is $1,071,753.
What are some comparable homes to 73 Lancaster Road?
There are currently no comparable homes to 73 Lancaster Road.
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