$341,500
●
Condo -
Off Market
8 Crescent Dr #6
Andover, MA 01810
2 Beds
1 Bath
1,007 Ft²
$2,477
Est. Monthly
$383
HOA / Fees
6.65%
Cap Rate
About This Property
Welcome to the Andover Garden Condominiums! This 2Bed/1Bath unit is
a perfect option for anyone looking to downsize or for any
investors seeking an excellent rental property. Unit features a
spacious living room with sliders to the balcony overlooking the
perfectly manicured grounds and complex inground pool. Just minutes
away from downtown Andover for local shops & restaurants and easy
highway access to 495 for commuters. The low condo fee covers all
your utilities except for electricity. Enjoy easy living with
professional landscaping and snow removal. 2 deeded car parking and
plenty of guest parking available. Join us for our open houses
Saturday 5/11 12-1:30PM & Sunday 5/12 12:30-2PM.
Unit Size
1,007 Ft²
Days on Market
-
Land Size
-
Price per sqft
$365
Property Type
Condo
Property Taxes
$286
HOA Dues
$383
Year Built
1966
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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: 3 years ago (MLSPIN #73235677)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 5, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | Listed by LAER Realty Partners | $368,000 | |
| Listed by LAER Realty Partners | |||
| Mar 8, 2013 | Sold | ||
| Sold | |||
| Dec 18, 2012 | Listed by William Raveis R.E. & Home Services | $159,900 | |
| Listed by William Raveis R.E. & Home Services | |||
| | |||
|
WHY RENT WHEN YOU CAN BUY THIS Turn-key street level unit with nice open floor plan. Efficient fully applianced galley kitchen with gas cooking and generous counter space, king-size master bedroom, large 2nd bdrm.,CT bath. Ready for bath updates, paint and some cosmetics. Fee $277 includes heat, Hot water, Gas, water sewer and so much more. Walk to YMCA, town center. Great opportunity to live affordably in Andover. Quick closing possible. 2 deeded parking spaces #111 & #73 INVESTORS TAKE NOTE
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Deeded
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Carpet, Laminate
Laundry Features: Common Area, In Building
Rooms: 4
Basement: N
Exterior Details
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Andover Gardens
Structure Type: Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: APT
Parcel Number: M:00001 B:00006 L:0C806, 1834967
Water Source: Public
Financial Details
Tax Assessed Value: $266,800
Tax Annual Amount: $3,436
Utilities Details
Utilities: for Gas Range
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry
Association Fee Frequency: Monthly
HOA Fee: $383
Community Features: Highway Access
Pets Allowed: Yes w/ Restrictions
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/09/2024
|
2 Bed
|
1 Bath
|
1007 ft²
|
$368,000
2 Bed
1 Bath
1007 ft²
|
$341,500
-7.20%
07/05/2024
|
Zahidul Islam
Cameron Prestige, LLC
| |
|
01/31/2018
|
2 Bed
|
1 Bath
|
1006 ft²
|
$212,900
2 Bed
1 Bath
1006 ft²
|
$214,900
+0.94%
03/09/2018
|
Marianne Cashman
William Raveis R.E. & Home Services
| |
|
09/08/2016
|
2 Bed
|
1 Bath
|
1007 ft²
|
$194,900
2 Bed
1 Bath
1007 ft²
|
$196,000
+0.56%
09/29/2016
|
The Tabassi Team
RE/MAX Partners Relocation
| |
|
10/12/2015
|
2 Bed
|
1 Bath
|
934 ft²
|
$149,000
2 Bed
1 Bath
934 ft²
|
$143,000
-4.03%
01/15/2016
|
Christine Curtin
Classified Realty Group
| |
|
06/14/2013
|
2 Bed
|
1 Bath
|
1013 ft²
|
$163,500
2 Bed
1 Bath
1013 ft²
|
$170,000
+3.98%
06/28/2013
|
Sue Yuan
Keller Williams Realty
| |
|
05/01/2013
|
2 Bed
|
1 Bath
|
935 ft²
|
$149,900
2 Bed
1 Bath
935 ft²
|
$145,000
-3.27%
07/29/2013
|
Ann Marie Pinet
Swan Realty
| |
|
12/18/2012
|
2 Bed
|
1 Bath
|
1007 ft²
|
$159,900
2 Bed
1 Bath
1007 ft²
|
$143,200
-10.44%
03/08/2013
|
Kathleen Cyrier
William Raveis R.E. & Home Services
| |
|
01/21/2008
|
2 Bed
|
1 Bath
|
1007 ft²
|
$189,900
2 Bed
1 Bath
1007 ft²
|
$185,500
-2.32%
07/21/2008
|
Robert Briggs
Coldwell Banker Residential Brokerage - Haverhill
| |
|
03/03/2006
|
2 Bed
|
1 Bath
|
806 ft²
|
$169,900
2 Bed
1 Bath
806 ft²
|
$160,000
-5.83%
04/05/2006
|
Thomas Carroll
Conway - Hanover
| |
|
04/06/2004
|
2 Bed
|
1 Bath
|
1006 ft²
|
$189,500
2 Bed
1 Bath
1006 ft²
|
$185,500
-2.11%
07/30/2004
|
Todd Alperin
eXp Realty
| |
|
08/07/2003
|
2 Bed
|
1 Bath
|
1007 ft²
|
$194,900
2 Bed
1 Bath
1007 ft²
|
$189,500
-2.77%
09/30/2003
|
Caroline Hoyt
Prudential Howe & Doherty
| |
|
11/22/2002
|
2 Bed
|
1 Bath
|
1006 ft²
|
$179,900
2 Bed
1 Bath
1006 ft²
|
$185,000
+2.83%
04/14/2003
|
Rosemary Maroney
Boardwalk Real Estate
| |
|
03/11/2002
|
2 Bed
|
1 Bath
|
1002 ft²
|
$161,000
2 Bed
1 Bath
1002 ft²
|
$161,000
04/26/2002
|
Dolores Farrell
Carlson GMAC Real Estate
| |
|
10/02/2001
|
2 Bed
|
1 Bath
|
916 ft²
|
$139,900
2 Bed
1 Bath
916 ft²
|
$139,900
12/28/2001
|
Julie Scott
Leading Edge Real Estate
| |
|
06/06/2000
|
2 Bed
|
1 Bath
|
1030 ft²
|
$140,000
2 Bed
1 Bath
1030 ft²
|
$140,000
07/10/2000
|
Robert Briggs
Coldwell Banker Residential Brokerage - Haverhill
|
Building Info
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