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Essex 01810
8 Poplar Terrace
$600,000
● House - Off Market

8 Poplar Terrace

Andover, MA 01810
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,894 Ft²
$799,182
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Rare opportunity  a home in the sought after Wild Rose Estates  neighborhood and the Blue Ribbon Sanborn School District. Well-built 3 bedroom raised ranch is set back on a beautiful flat lot  Open flow is perfect for entertaining family an friends.  Hardwood floors in open fireplace living room, sunny and bright kitchen with skylight, updated bath, finished lower level fireplace  family room. A bonus room that is 18X11, gives you lots of options, home office/just great extra space.  Build equity and establish your roots, great bones and great curb appeal.  1 car garage and expansive yard ready for backyard fun and just waiting for a new family to enjoy the outdoors.  Room to grow in this home an town. Conveniently located close to Andover's bustling downtown, I-93, I-495, MBTA station.
Unit Size
1,894 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$327
Property Type
House
Property Taxes
$613
HOA Dues
-
Year Built
1963

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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 #72709006)

Price History

Date / Event Date Event Price
Dec 1, 2021 Sold
Premium
Sold
Oct 19, 2021 Listed by RE/MAX Encore $799,900
Listed by RE/MAX Encore
Jul 22, 2021 Sold
Premium
Sold
Jun 10, 2021 Listed by RE/MAX Encore $729,000
Listed by RE/MAX Encore
Oct 30, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,672
  • Total Building Area: 1,947
  • Gross Building Area: 3,431
  • Building Area: 1,947
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,947
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING GREEN SEC 03 SHEET 02
  • Land Acres: 0000000773
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254403

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00111 B:00055 L:00000
  • Block: 55
  • Municipality: ANDOVER
  • Latitude: 42.65
  • Longitude: -71.1715

    Address

  • Full Address: 8 Poplar Ter
  • Address - House Number: 8
  • Address - Street Name: Poplar
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Andover
  • Carrier Code: C012
  • 4-Digit Zip Code: 4609
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $906,600

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 840,727
  • High Value: 984,898
  • Low Value: 696,556

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $663,700
  • Assessed Land Value: $426,600
  • Assessed Improvements Value: $237,100

    Sales

  • Current Sale Contract Date: Dec 01, 2021
  • Current Sale Recording Date: Dec 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39263
  • Previous Sale Recording Date: Jul 22, 2021
  • Previous Sale Contract Date: Jul 22, 2021
  • Previous Sale Amount: $815,000
  • Previous Sale Document Type: O
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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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# 72709006

Frequently Asked Questions

When was property at 8 Poplar Terrace built and last sold?
The property at 8 Poplar Terrace was built in 1963 and last sold on Dec 1, 2021 for $830,000.
How much is this home worth?
The estimated value of the home located at 8 Poplar Terrace is $798,291.
What are some comparable homes to 8 Poplar Terrace?
There are currently no comparable homes to 8 Poplar Terrace.
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