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Essex 01810
74 River Rd
$489,000
● House - Off Market

74 River Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,076 Ft²
$732,186
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

If you need to commute to Boston, or if you need flexible space for extended family or home office, this may be a dream come true in Andover. This comfortable remodeled bungalow is not far from Rte. 93 and features additional living space above the detached garage/barn. The main house has a beautifully remodeled kitchen and bathroom, three bedrooms, hardwood floors, walk-in closets, plantation shutters, wood stove, and recent CENTRAL HEAT & AIR unit. And then there's the huge additional space above the garage with separate entrance, hardwood floors and 3/4 bath. The manicured grounds are lovely and will enchant any nature lover. All appliances stay. The house has been well maintained and is in wonderful condition.
Unit Size
2,076 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$241
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
-

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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 #72554136)

Price History

Date / Event Date Event Price
Oct 31, 2019 Sold
Premium
Sold
Aug 23, 2019 Listed by RE/MAX Partners $499,900
Listed by RE/MAX Partners
Aug 27, 2004 Sold
Premium
Sold
Jul 8, 2004 Listed by RE/MAX Partners $310,000
Listed by RE/MAX Partners

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,709
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000912
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254402

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00143 B:00007 L:00000
  • Block: 7
  • Municipality: ANDOVER
  • Latitude: 42.6909
  • Longitude: -71.2003

    Address

  • Full Address: 74 River Rd
  • Address - House Number: 74
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: R006
  • 4-Digit Zip Code: 1004
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $832,700

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 757,197
  • High Value: 874,785
  • Low Value: 639,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $609,600
  • Assessed Land Value: $292,600
  • Assessed Improvements Value: $317,000

    Sales

  • Current Sale Contract Date: Oct 30, 2019
  • Current Sale Recording Date: Oct 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27301
  • Previous Sale Recording Date: Aug 27, 2004
  • Previous Sale Amount: $300,000
  • 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 72554136

Frequently Asked Questions

When was property at 74 River Road built and last sold?
The property at 74 River Road was built in and last sold on Oct 30, 2019 for $489,000.
How much is this home worth?
The estimated value of the home located at 74 River Road is $525,494.
What are some comparable homes to 74 River Road?
There are currently no comparable homes to 74 River Road.
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