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Essex 01810
8 Timothy Drive
Photo of 8 Timothy Drive
Sold on Oct 29, 2004

1

Map

$1,175,000
● House - Off Market

8 Timothy Drive

Andover, MA 01810
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,403 Ft²
$2,382,178
RealtyHop Estimate
83.95%
Since Nov 1, 2004
MA-Boston
Primary Model

About This Property

Character & charm abound in this handsome Colonial, located in Phillips Academy area on a quiet cul-de-sac within walking distance to town. Beautiful new granite kitchen with high end appliances, 4-5 bedrooms; remodeled baths; central a/c; in-ground pool; newly resurfaced tennis court; freshly painted in & out; professionally maintained landscaping; circular drive; abuts conservation. A fine Andover property that's a must see for the discriminating buyer.
Unit Size
5,403 Ft²
Days on Market
-
Land Size
0.81 acres
Price per sqft
$240
Property Type
House
Property Taxes
$692
HOA Dues
-
Year Built
1968

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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 #70076015)

Price History

Date / Event Date Event Price
Sep 16, 2021 Sold
Premium
Sold
Jul 14, 2021 Listed $1,579,000
Listed
Oct 29, 2004 Sold
Premium
Sold
Aug 11, 2004 Listed $1,295,000
Listed
Oct 27, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,965
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,449
  • Total Building Area: 5,600
  • Gross Building Area: 8,436
  • Building Area: 5,600
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 5,600
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DONEGAL ROAD
  • Land Acres: 0000000814
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254301

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00077 B:00005 L:00000
  • Block: 5
  • Municipality: ANDOVER
  • Latitude: 42.6364
  • Longitude: -71.1381

    Address

  • Full Address: 8 Timothy Dr
  • Address - House Number: 8
  • Address - Street Name: Timothy
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Andover
  • Carrier Code: C014
  • 4-Digit Zip Code: 4815
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,791,100

    Appraisal Valuation

  • Standard Deviation: 0.1551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,573,857
  • High Value: 1,817,990
  • Low Value: 1,329,724

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,311,200
  • Assessed Land Value: $570,800
  • Assessed Improvements Value: $740,400

    Sales

  • Current Sale Contract Date: Sep 16, 2021
  • Current Sale Recording Date: Sep 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30966
  • Previous Sale Recording Date: Oct 29, 2004
  • Previous Sale Amount: $1,175,000
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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# 70076015

Frequently Asked Questions

When was property at 8 Timothy Drive built and last sold?
The property at 8 Timothy Drive was built in 1968 and last sold on Sep 16, 2021 for $1,595,000.
How much is this home worth?
The estimated value of the home located at 8 Timothy Drive is $1,589,985.
What are some comparable homes to 8 Timothy Drive?
There are currently no comparable homes to 8 Timothy Drive.
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