Essex
8 Robert Drive #24
$1,260,000
●
Condo -
Off Market
8 Robert Drive #24
Andover, MA 01833
3 Beds
4 Baths,
1
Half Bath
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: 5 months 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 | |||
| | |||
|
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.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Open Floorplan, Recessed Lighting, Central Vacuum, Bathroom - 3/4, Cable Hookup, Bedroom, Bonus Room
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Wine Refrigerator, Plumbed For Ice Maker
Flooring Type: Tile, Carpet, Hardwood, Flooring - Wall to Wall Carpet
Laundry Features: Main Level, Electric Dryer Hookup, Washer Hookup, In Unit, Flooring - Stone/Ceramic Tile, First Floor
Rooms: 8
Has Fireplace
Fireplace Features: Family Room, Living Room
Fireplaces: 2
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 4040
Square Footage Source: $0
Year Built Source: Builder
Year Built: 2020
Building Name: Frenchman's Reserve
Building Area Total: 4040
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Patio, Deck - Composite
Lot Size Units: Acres
Water Source: Public
Utilities Details
Cooling Type: Central Air, Individual, Unit Control
Heating Type: Forced Air, Natural Gas, Humidity Control, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance, Reserve Funds
HOA Fee: $549
HOA Fee Frequency: Monthly
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
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017