Essex
8 Robert Drive #24
$1,260,000
●
Condo -
Off Market
8 Robert Drive #24
Andover, MA 01833
3 Beds
5 Baths
4,040 Ft²
$1,360,293
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model
About This Property
MODEL HOME OPEN DAILY...Introducing Frenchman's Reserve at the
Andover Country Club...NEW CONSTRUCTION at it's absolute finest and
ready for the finishing touches. Quality exudes throughout these
beautifully appointed townhouse condominiums. Relax and work from
home in the tranquil setting. Well equipped gourmet kitchen,
laundry room, bright living/dining area and main bedroom all on the
first floor. Mid-level family room with fireplace leads to second
floor with two en-suite spacious bedrooms. Open and bright
walk-out lower level provides space for many options...office, home
theater, gym, game room, additional bedroom, work shop. Inviting
paver patio extends lower level living to the fresh outdoors.
Elevators available in certain units. This unit is currently
under construction, ready for occupancy summer 2021.
Unit Size
4,040 Ft²
Days on Market
-
Land Size
-
Price per sqft
$322
Property Type
Condo
Property Taxes
-
HOA Dues
$549
Year Built
-
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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 years ago (MLSPIN #72803762)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2022 | Sold | ||
| Sold | |||
| Mar 25, 2021 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $1,300,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: First
Features: Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cable Hookup, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Crown Molding
Level: Second
Features: Bathroom - 3/4, Walk-In Closet(s), Flooring - Stone/Ceramic Tile, Attic Access, Cable Hookup, Lighting - Overhead
Features: Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile, Cable Hookup
Level: Second
Features: Flooring - Hardwood, Open Floorplan, Lighting - Overhead, Crown Molding
Level: First
Features: Bathroom - 3/4, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Cable Hookup, Recessed Lighting, Lighting - Overhead, Crown Molding, Closet - Double
Level: First
Level: First
Features: Flooring - Hardwood, Cable Hookup, Open Floorplan, Recessed Lighting, Lighting - Overhead
Level: Second
Features: Ceiling Fan(s), Flooring - Hardwood, Recessed Lighting
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Bathroom - 3/4, Cable Hookup, Open Floor Plan, Recessed Lighting, Bedroom, Bonus Room, Central Vacuum
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Wine Refrigerator, Gas Water Heater, Tank Water Heaterless, Plumbed For Ice Maker, Utility Connections for Electric Oven, Utility Connections for Electric Dryer, Utility Connections Outdoor Gas Grill Hookup
Flooring Type: Tile, Carpet, Hardwood, Flooring - Wall to Wall Carpet
Laundry Features: Flooring - Stone/Ceramic Tile, Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Rooms: 8
Has Fireplace
Fireplace Features: Family Room, Living Room
Fireplaces: 2
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 1
Year Built Source: Builder
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Frenchman's Reserve
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck - Composite, Patio
Lead Paint: None
Lot Size Units: Acres
Parcel Number: 5003489
Water Source: Public
Utilities Details
Utilities: for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection, Outdoor Gas Grill Hookup
Cooling Type: Central Air, Individual, Unit Control
Heating Type: Forced Air, Natural Gas, Unit Control, Humidity Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Association Fee Frequency: Monthly
HOA Fee: $549
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School
Pets Allowed: Yes
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/25/2021
|
3 Bed
|
5 Bath
|
4040 ft²
|
$1,300,000
3 Bed
5 Bath
4040 ft²
|
$1,260,000
-3.08%
10/19/2022
|
Maura Cutting
Berkshire Hathaway HomeServices Commonwealth Real Estate
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017