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Essex 01810
8 Cardinal Lane
$670,000
● House - Off Market

8 Cardinal Lane

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,194 Ft²
$1,064,974
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Classic colonial on cul-de-sac in Sanborn School District. Gorgeous lot with a great backyard, framed with mature trees for privacy.  Eat-in Kitchen, stainless steel appliances and tons of natural light that leads into a fireplaced family room with high vaulted ceilings.   Beautiful front to back Formal Living Room with lovely wood detailed fireplace. An elegant Dining Room for entertaining and holiday meals. This is a well-maintained home with replacement windows, newer 2013 furnace, and recently painted interior. Laundry conveniently located on 1st level off kitchen. Close to town, trains, and highways- this is a great commuter location. Imagine this summer barbecuing on the large, newly painted deck while family and friends enjoy your amazing yard!
Unit Size
3,194 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$213
Property Type
House
Property Taxes
$750
HOA Dues
-
Year Built
1981

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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 #72148124)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Apr 19, 2017 Listed by Coldwell Banker Residential Brokerage - Andover $679,900
Listed by Coldwell Banker Residential Brokerage - Andover
Jul 27, 2007 Sold
Premium
Sold
Mar 30, 2007 Listed by Coldwell Banker Residential Brokerage - Andover $569,900
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,420
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,313
  • Total Building Area: 3,194
  • Gross Building Area: 4,160
  • Building Area: 3,194
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,194
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DASCOMB ESTATES
  • Land Acres: 0000000742
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254403

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00180 B:00018 L:00000
  • Block: 18
  • Municipality: ANDOVER
  • Latitude: 42.6253
  • Longitude: -71.1739

    Address

  • Full Address: 8 Cardinal Ln
  • Address - House Number: 8
  • Address - Street Name: Cardinal
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: R005
  • 4-Digit Zip Code: 5802
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,074,400

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,016,565
  • High Value: 1,190,015
  • Low Value: 843,115

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $786,500
  • Assessed Land Value: $374,500
  • Assessed Improvements Value: $412,000

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16688
  • Previous Sale Recording Date: Jul 27, 2007
  • Previous Sale Amount: $585,000
  • 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

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72148124

Frequently Asked Questions

When was property at 8 Cardinal Lane built and last sold?
The property at 8 Cardinal Lane was built in 1981 and last sold on Jan 1, 1970 for $670,000.
How much is this home worth?
The estimated value of the home located at 8 Cardinal Lane is $710,672.
What are some comparable homes to 8 Cardinal Lane?
There are currently no comparable homes to 8 Cardinal Lane.
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