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Essex 01810
8 Shepley St
$250,000
● House - Off Market

8 Shepley St

Andover, MA 01810
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$512,718
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

MOTIVATED SELLERS SAY BRING US AN OFFER.  Whether you're looking for a starter home or desire to downsize this home is a great choice.  Solid home with new roof and windows, oversized garage, patio, fenced yard, hardwood floors, pellet stove to curve heating costs, dead end street, partially finished basement w/ woodstove. Make some updates to this home with a little sweat equity. Homes in the immediate neighborhood recently sold for $350k, $365k, $357k.
Unit Size
1,120 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$246
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1950

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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 #71740942)

Price History

Date / Event Date Event Price
Jan 14, 2015 Sold
Premium
Sold
Sep 10, 2014 Listed by RE/MAX Encore $275,000
Listed by RE/MAX Encore

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,050
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,700
  • Total Building Area: 1,050
  • Gross Building Area: 2,242
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000269
  • 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:00034 B:00023 L:00000
  • Block: 23
  • Municipality: ANDOVER
  • Latitude: 42.6814
  • Longitude: -71.1509

    Address

  • Full Address: 8 Shepley St
  • Address - House Number: 8
  • Address - Street Name: Shepley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C010
  • 4-Digit Zip Code: 1309
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $509,800

    Appraisal Valuation

  • Standard Deviation: 0.1869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 457,509
  • High Value: 543,020
  • Low Value: 371,998

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $373,200
  • Assessed Land Value: $201,700
  • Assessed Improvements Value: $171,500

    Sales

  • Current Sale Recording Date: Jan 14, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 902
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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2532 ft²

Average Home Age

72 years

Currently For Sale

1468 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71740942

Frequently Asked Questions

When was property at 8 Shepley Street built and last sold?
The property at 8 Shepley Street was built in 1950 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 8 Shepley Street is $285,220.
What are some comparable homes to 8 Shepley Street?
There are currently no comparable homes to 8 Shepley Street.
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