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Essex 01810
8 Preston Circle
Photo of 8 Preston Circle
Sold on Oct 24, 2008

1

Map

$925,000
● House - Off Market

8 Preston Circle

Andover, MA 01810
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,954 Ft²
$1,961,623
RealtyHop Estimate
106.51%
Since Nov 1, 2008
MA-Boston
Primary Model

About This Property

The closest thing to Paradise! Spectacular 11-Room Colonial on prime lot in one of Andover's most desirable cul-de-sacs. 29' chef's granite kitchen with center island and SS appliances (incl. 2 dishwashers). Massive Great Room with cathedral ceilings and brick fireplace. Four bedrooms on 2nd fl, plus 5th room for jr playroom or guests. Add. 3 rooms plus full bath on LL for in-law or au pair.  Heated gunite pool. Professionally landscaped lot. Home Warranty.
Unit Size
4,954 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$192
Property Type
House
Property Taxes
$821
HOA Dues
-
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70785754)

Price History

Date / Event Date Event Price
Oct 24, 2008 Sold
Premium
Sold
Jun 30, 2008 Listed $949,900
Listed
May 31, 2005 Sold
Premium
Sold
Mar 16, 2005 Listed $879,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 2,154
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,361
  • Total Building Area: 5,162
  • Gross Building Area: 6,284
  • Building Area: 5,162
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,162
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESTON CIRCLE
  • Land Acres: 0000000697
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00198 B:00017 L:0000H
  • Block: 17
  • Lot: H
  • Municipality: ANDOVER
  • Latitude: 42.6427
  • Longitude: -71.1988

    Address

  • Full Address: 8 Preston Cir
  • Address - House Number: 8
  • Address - Street Name: Preston
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Andover
  • Carrier Code: R004
  • 4-Digit Zip Code: 4410
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,591,700

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,596,186
  • High Value: 1,843,783
  • Low Value: 1,348,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,165,200
  • Assessed Land Value: $413,000
  • Assessed Improvements Value: $752,200

    Sales

  • Current Sale Recording Date: Oct 24, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 27359
  • Previous Sale Recording Date: May 31, 2005
  • Previous Sale Amount: $865,000
  • 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:

$699,000

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70785754

Frequently Asked Questions

When was property at 8 Preston Circle built and last sold?
The property at 8 Preston Circle was built in 1995 and last sold on Jan 1, 1970 for $925,000.
How much is this home worth?
The estimated value of the home located at 8 Preston Circle is $1,008,757.
What are some comparable homes to 8 Preston Circle?
There are currently no comparable homes to 8 Preston Circle.
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