83 Chestnut Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2023 | Sold | ||
| Sold | |||
| Jun 9, 2023 | In contract | - | |
| In contract | |||
| Jun 1, 2023 | Price Decreased |
$1,199,000
↓ $100K
(7.7%) | |
| Price Decreased | |||
| Apr 19, 2023 | Listed by Compass | $1,299,000 | |
| Listed by Compass | |||
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Located in the heart of Downtown Andover, this renovated c.1920 Victorian home blends classic charm with modern sophistication. The main level’s open floor plan fills with natural light, anchored by a stunning kitchen with a large center island and stainless steel appliances. The adjacent family room provides an intimate setting perfect for relaxation and entertaining. Upstairs, the primary bedroom features a luxurious bath with custom dual vanity and a rain head shower. Additional bedrooms on the second and third floor offer great versatility for family, guests, or work-from-home spaces. The legal in-law apartment has its own private entrance, a new kitchen, bedroom, and full bath. The new deck overlooks the impeccably level backyard - a seamless transition between indoor and outdoor living. Conveniently located less than a quarter mile to Andover's best shops, restaurants, train, and other amenities, this property is the perfect combination of classic elegance and modern convenience.
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| Oct 17, 2022 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017