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Essex 01810
8 Newman Hill Dr
$891,750
● House - Off Market

8 Newman Hill Dr

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,565 Ft²
$1,797,504
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model

About This Property

Award-winning combination of tranquility & location! Stunning one-owner brick-front Col @  end of cul-de-sac w/ views of Baker's Meadow w/in  a mile town. Front-back LR w/FP, sunny Custom Kit w/large eat-in area, granite, island & bar sink; Fam Rm w/custom Italian built-ins, FP & access to deck, new 1/2 BTH w/marble & pedestal sink; 1st flr laundry & 1st flr office w/ private entrance. Large Master w WIC & exquisite new BTH. 2 of 3 BRMS have W/I closets. FABULOUS W/O LL w/GAMERM, BTH & cool Bar.
Unit Size
3,565 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$259
Property Type
House
Property Taxes
$1,256
HOA Dues
-
Year Built
1989

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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 #71493544)

Price History

Date / Event Date Event Price
May 10, 2013 Sold
Premium
Sold
Mar 14, 2013 Listed by Prudential Howe & Doherty $925,000
Listed by Prudential Howe & Doherty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • 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: 1,400
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,929
  • Total Building Area: 4,419
  • Gross Building Area: 6,331
  • Building Area: 4,419
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,419
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000940
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254401

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00092 B:00037 L:0000B
  • Block: 37
  • Lot: B
  • Municipality: ANDOVER
  • Latitude: 42.647
  • Longitude: -71.1597

    Address

  • Full Address: 8 Newman Hill Dr
  • Address - House Number: 8
  • Address - Street Name: Newman Hill
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C003
  • 4-Digit Zip Code: 4751
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,786,500

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,546,380
  • High Value: 1,810,229
  • Low Value: 1,282,531

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,307,800
  • Assessed Land Value: $591,100
  • Assessed Improvements Value: $716,700

    Sales

  • Current Sale Recording Date: May 10, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13207
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:

$699,500

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2546 ft²

Average Home Age

72.5 years

Currently For Sale

1487 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71493544

Frequently Asked Questions

When was property at 8 Newman Hill Drive built and last sold?
The property at 8 Newman Hill Drive was built in 1989 and last sold on Jan 1, 1970 for $891,750.
How much is this home worth?
The estimated value of the home located at 8 Newman Hill Drive is $953,762.
What are some comparable homes to 8 Newman Hill Drive?
There are currently no comparable homes to 8 Newman Hill Drive.
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