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Essex
81 Sawmill Rd
$895,000
● House - Off Market

81 Sawmill Rd

North Andover, MA 01845
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,301 Ft²
$881,923
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Large 4 bedroom/3 bath colonial with 2 car garage in highly sought after neighborhood! Over the past 6 months this home has gone through a beautiful renovation!  Fresh interior/exterior paint and new carpeting (fall 2021), new roof (Dec 2021).  January 2022 - all original hardwood in the living and dining rooms were refinished and new hardwood flooring was added to match in the hallway and kitchen.  A brand new kitchen featuring loads of white shaker style cabinets, quartz counters, recessed lighting, updated electrical and modern pendant lights added over the newly installed island. 3 bathrooms are all freshly updated. First floor features an enormous great room with gorgeous stone fireplace flanked by built in shelving and is open to the new kitchen, perfect for entertaining!
Unit Size
3,301 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$264
Property Type
House
Property Taxes
$751
HOA Dues
-
Year Built
1981

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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 #72946374)

Price History

Date / Event Date Event Price
Apr 26, 2022 Sold
Premium
Sold
Feb 24, 2022 Listed by Berkshire Hathaway HomeServices Verani Realty $870,000
Listed by Berkshire Hathaway HomeServices Verani Realty
Jan 18, 1982 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • 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: 3
  • 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: 1,873
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,301
  • Gross Building Area: 5,180
  • Building Area: 3,301
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,301
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Andover School District
  • School Tax School District: NO ANDOVER SD
  • Census Tract: 253205

Zoning

  • Zoning: R1

Geography

  • Account Number: M_236558_9
  • Parcel: NAND M:00104 B:B0108 L:00000
  • Block: B0108
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6834
  • Longitude: -71.0538

    Address

  • Full Address: 81 Sawmill Rd
  • Address - House Number: 81
  • Address - Street Name: Sawmill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: R007
  • 4-Digit Zip Code: 1435
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $982,400

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 807,803
  • High Value: 872,660
  • Low Value: 742,946

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $885,800
  • Assessed Land Value: $392,000
  • Assessed Improvements Value: $493,800

    Sales

  • Current Sale Contract Date: Apr 25, 2022
  • Current Sale Recording Date: Apr 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9969
  • Previous Sale Recording Date: Jan 18, 1982
  • Previous Sale Amount: $173,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2527 ft²

Average Home Age

71.9 years

Currently For Sale

1487 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72946374

Frequently Asked Questions

When was property at 81 Sawmill Road built and last sold?
The property at 81 Sawmill Road was built in 1981 and last sold on Apr 25, 2022 for $895,000.
How much is this home worth?
The estimated value of the home located at 81 Sawmill Road is $900,423.
What are some comparable homes to 81 Sawmill Road?
There are currently no comparable homes to 81 Sawmill Road.
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