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Essex 01810
8 Iron Gate Drive
$540,000
● House - Off Market

8 Iron Gate Drive

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,562 Ft²
$1,344,751
RealtyHop Estimate
149.07%
Since Aug 1, 2002
National-US
Primary Model

About This Property

1992 HIP ROOF COLONIAL LOCATED IN W.ANDOVER SUB-DIVISION. MASTER BR WITH TRAY CELILING, JACUZZI, AND WALK-IN CLOSET CENTRAL A/C, CENTRAL VACUUM, ALARM, UNDERGROUND SPRINKLER EASY ACCESS TO RT93&495. WEST ELEM. AND WOOD HILL MIDDLE.
Unit Size
2,562 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$211
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1992

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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: 5 months ago (MLSPIN #30602693)

Price History

Date / Event Date Event Price
Jul 1, 2002 Sold
Premium
Sold
May 1, 2002 Listed by Re/max Walden Country, Inc. $539,900
Listed by Re/max Walden Country, Inc.
Nov 25, 1998 Sold
Premium
Sold
Jun 1, 1998 Listed by Re/max Walden Country, Inc. $349,900
Listed by Re/max Walden Country, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 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: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,574
  • Total Building Area: 2,558
  • Gross Building Area: 3,892
  • Building Area: 2,558
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,558
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IRONGATE I
  • Land Acres: 0000000794
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00105 B:00022 L:00000
  • Block: 22
  • Municipality: ANDOVER
  • Latitude: 42.6742
  • Longitude: -71.1795

    Address

  • Full Address: 8 Iron Gate Dr
  • Address - House Number: 8
  • Address - Street Name: Iron Gate
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C013
  • 4-Digit Zip Code: 1233
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,011,100

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 948,102
  • High Value: 1,109,871
  • Low Value: 786,334

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $740,200
  • Assessed Land Value: $380,900
  • Assessed Improvements Value: $359,300

    Sales

  • Current Sale Recording Date: Jul 01, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 25, 1998
  • Previous Sale Amount: $330,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2523 ft²

Average Home Age

72.6 years

Currently For Sale

1457 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: 5 months ago
Data Source: MLS PIN, MLS# 30602693

Frequently Asked Questions

When was property at 8 Iron Gate Drive built and last sold?
The property at 8 Iron Gate Drive was built in 1992 and last sold on Jan 1, 1970 for $540,000.
How much is this home worth?
The estimated value of the home located at 8 Iron Gate Drive is $558,873.
What are some comparable homes to 8 Iron Gate Drive?
There are currently no comparable homes to 8 Iron Gate Drive.
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