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Essex 01810
8 Cider Hill Way
$3,201,699
● House - Off Market

8 Cider Hill Way

Andover, MA 01810
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5,900 Ft²
$3,094,109
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Location, Location, Location! This new area is located in the Phillips/Pike school area. All homes to be custom built by one of Andover's finest craftsman. There is a two year Builder's Warranty. Call list agent for info!
Unit Size
5,900 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$407
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019

Payment Calculator

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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 #72421777)

Price History

Date / Event Date Event Price
Oct 7, 2020 Sold
Premium
Sold
Nov 8, 2018 Listed by Land and Sea Real Estate, Inc. $2,400,000
Listed by Land and Sea Real Estate, Inc.
Location, Location, Location! This new area is located in the Phillips/Pike school area. All homes to be custom built by one of Andover's finest craftsman. There is a two year Builder's Warranty. Call list agent for info!

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,615
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,331
  • Total Building Area: 7,182
  • Gross Building Area: 11,449
  • Building Area: 7,182
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 7,182
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000696
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254301

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00080 B:00002 L:0000B
  • Block: 2
  • Lot: B
  • Municipality: ANDOVER
  • Latitude: 42.6291
  • Longitude: -71.1347

    Address

  • Full Address: 8 Cider Hill Way
  • Address - House Number: 8
  • Address - Street Name: Cider Hill
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: C014
  • 4-Digit Zip Code: 4891
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,919,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1242
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 86
  • Final Value: 2,924,620
  • High Value: 3,287,976
  • Low Value: 2,561,264

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,869,500
  • Assessed Land Value: $1,178,600
  • Assessed Improvements Value: $1,690,900

    Sales

  • Current Sale Contract Date: Oct 06, 2020
  • Current Sale Recording Date: Oct 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27313

    Financing

  • First Mortgage Financing Type: ADJ
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# 72421777

Frequently Asked Questions

When was property at 8 Cider Hill Way built and last sold?
The property at 8 Cider Hill Way was built in 2019 and last sold on Oct 6, 2020 for $3,201,699.
How much is this home worth?
The estimated value of the home located at 8 Cider Hill Way is $2,424,000.
What are some comparable homes to 8 Cider Hill Way?
There are currently no comparable homes to 8 Cider Hill Way.
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