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Essex 01810
8 Olde Berry Rd
$385,500
● House - Off Market

8 Olde Berry Rd

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,265 Ft²
$685,614
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Don't miss this opportunity! Great split entry in a beautiful neighborhood. Partially finished basement with fireplace is an additional great living space. Living /Dining room combo. Off the dining room is an additional room with vaulted ceilings/trapezoid windows boasts great light - could be used as an office or family room. Granite counters in kitchen, efficient wall AC and so much more.
Unit Size
2,265 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$174
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1974

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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 #71772481)

Price History

Date / Event Date Event Price
Aug 28, 2015 Sold
Premium
Sold
Nov 28, 2014 Listed by Paul Bator $394,900
Listed by Paul Bator
Nov 17, 2014 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,252
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,307
  • Total Building Area: 2,265
  • Gross Building Area: 2,776
  • Building Area: 2,265
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 2,265
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000351
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254100

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00019 B:00128 L:0000S
  • Block: 128
  • Lot: S
  • Municipality: ANDOVER
  • Latitude: 42.672
  • Longitude: -71.138

    Address

  • Full Address: 8 Olde Berry Rd
  • Address - House Number: 8
  • Address - Street Name: Olde Berry
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C019
  • 4-Digit Zip Code: 2738
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $764,400

    Appraisal Valuation

  • Standard Deviation: 0.2084
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 788,597
  • High Value: 952,971
  • Low Value: 624,223

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $559,600
  • Assessed Land Value: $322,400
  • Assessed Improvements Value: $237,200

    Sales

  • Current Sale Recording Date: Aug 28, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22067
  • Previous Sale Recording Date: Nov 17, 2014
  • Previous Sale Amount: $591,525
  • Previous Sale Document Type: 34
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71772481

Frequently Asked Questions

When was property at 8 Olde Berry Road built and last sold?
The property at 8 Olde Berry Road was built in 1974 and last sold on Jan 1, 1970 for $385,500.
How much is this home worth?
The estimated value of the home located at 8 Olde Berry Road is $424,855.
What are some comparable homes to 8 Olde Berry Road?
There are currently no comparable homes to 8 Olde Berry Road.
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