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Essex 01810
8 Tobey Ln
$505,000
● House - Off Market

8 Tobey Ln

Andover, MA 01810
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,305 Ft²
$958,648
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

Attractive colonial sitting at the end of cul-de-sac and close to the center of town!  Two front entries; one with a nice size mudroom to remove wet shoes/jackets and a more formal front entry for guests.  Large eat in kitchen with pretty eating area overlooking the back yard.  Front to back living room featuring a masonry fireplace; dining room, cozy den with bow window and powder room complete the first floor.  Four generous bedrooms and a main bathroom and master bath on the second floor.  Hardwood floors have all been refinished and are gorgeous!  Lower level is walk out and there is a finished playroom/family room with fireplace. Beautiful back yard with patio area.  Attached two car garage.  Welcome home!!
Unit Size
2,305 Ft²
Days on Market
-
Land Size
0.86 acres
Price per sqft
$217
Property Type
House
Property Taxes
$574
HOA Dues
-
Year Built
1962

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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: 5 months ago (MLSPIN #71603801)

Price History

Date / Event Date Event Price
Jan 17, 2014 Sold
Premium
Sold
Nov 1, 2013 Listed by Coldwell Banker Residential Brokerage - Andover $500,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 924
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,335
  • Total Building Area: 2,361
  • Gross Building Area: 3,439
  • Building Area: 2,361
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,361
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000857
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00061 B:00054 L:00000
  • Block: 54
  • Municipality: ANDOVER
  • Latitude: 42.6256
  • Longitude: -71.1229

    Address

  • Full Address: 8 Tobey Ln
  • Address - House Number: 8
  • Address - Street Name: Tobey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Andover
  • Carrier Code: C024
  • 4-Digit Zip Code: 5710
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $996,000

    Appraisal Valuation

  • Standard Deviation: 0.1543
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 885,353
  • High Value: 1,022,031
  • Low Value: 748,675

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $729,100
  • Assessed Land Value: $438,200
  • Assessed Improvements Value: $290,900

    Sales

  • Current Sale Recording Date: Jan 17, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Apr 12, 2013
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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# 71603801

Frequently Asked Questions

When was property at 8 Tobey Lane built and last sold?
The property at 8 Tobey Lane was built in 1962 and last sold on Jan 1, 1970 for $505,000.
How much is this home worth?
The estimated value of the home located at 8 Tobey Lane is $525,006.
What are some comparable homes to 8 Tobey Lane?
There are currently no comparable homes to 8 Tobey Lane.
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