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Essex
85 Putnam Road
$360,000
● House - Off Market

85 Putnam Road

North Andover, MA 01845
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,334 Ft²
$669,708
RealtyHop Estimate
86.03%
Since Apr 1, 2005
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION! LIBRARY AREA. GREAT POTENTIAL IN THIS 2 BEDROOM CAPE WITH POSSIBLE FUTURE 3RD BEDROOM IN UNFINISHED ROOM ON SECOND LEVEL. HARDWOOD FLOORS THROUGHOUT. TWO FULL BATHS, FIREPLACED LIVING ROOM, WALK OUT BASEMENT. FIRST FLOOR BEDROOM. GREAT YARD.  BRING YOUR DECORATING/UPDATING IDEAS AND MAKE THIS HOME A GEM!
Unit Size
1,334 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$270
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1955

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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 #70127832)

Price History

Date / Event Date Event Price
Mar 8, 2005 Sold
Premium
Sold
Dec 22, 2004 Listed by Harvest Of Homes, Inc. $360,000
Listed by Harvest Of Homes, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 884
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,424
  • Total Building Area: 1,248
  • Gross Building Area: 3,112
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000239
  • 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: 253100

Zoning

  • Zoning: R4

Geography

  • Account Number: M_230309_9
  • Parcel: NAND M:00021 B:00032 L:00000
  • Block: 32
  • Municipality: NORTH ANDOVER
  • Latitude: 42.6936
  • Longitude: -71.1301

    Address

  • Full Address: 85 Putnam Rd
  • Address - House Number: 85
  • Address - Street Name: Putnam
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Andover
  • Carrier Code: C043
  • 4-Digit Zip Code: 3820
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $600,000

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 626,369
  • High Value: 735,634
  • Low Value: 517,105

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $541,000
  • Assessed Land Value: $282,200
  • Assessed Improvements Value: $258,800

    Sales

  • Current Sale Recording Date: Mar 08, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7915
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70127832

Frequently Asked Questions

When was property at 85 Putnam Road built and last sold?
The property at 85 Putnam Road was built in 1955 and last sold on Jan 1, 1970 for $356,500.
How much is this home worth?
The estimated value of the home located at 85 Putnam Road is $372,928.
What are some comparable homes to 85 Putnam Road?
There are currently no comparable homes to 85 Putnam Road.
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