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Essex
88 Colgate Dr
$540,000
● House - Off Market

88 Colgate Dr

North Andover, MA 01845
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,868 Ft²
$832,884
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

This beautifully remodeled raised ranch full of charm and completely updated, is a must see. Located on a large flat lot this 6 room home features 3 bedrooms and 2 full bathrooms.  Seller has done a fantastic job of bringing this home back to modern standards.  Updates include a new kitchen with granite counter tops, tile backsplash, and new stainless steel appliances.  In addition both bathrooms have been remodeled, the hardwood on the main level has been refinished as well as new windows, roof, siding and HVAC system. This home offers plenty of natural light and a great floor plan that makes it a truly inviting space. All you need to do is move in!
Unit Size
1,868 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$305
Property Type
House
Property Taxes
$443
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: 4 months ago (MLSPIN #72527112)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Jun 17, 2021 Listed by Real Living Schruender Real Estate $599,900
Listed by Real Living Schruender Real Estate
Nov 21, 2019 Sold
Premium
Sold
Jun 28, 2019 Listed by Real Living Schruender Real Estate $569,000
Listed by Real Living Schruender Real Estate
Apr 17, 2019 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,025
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,140
  • Total Building Area: 1,862
  • Gross Building Area: 2,690
  • Building Area: 1,862
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,862
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000485
  • 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: 253201

Zoning

  • Zoning: R4

Geography

  • Account Number: M_231069_9
  • Parcel: NAND M:00081 B:00021 L:00000
  • Block: 21
  • Municipality: NORTH ANDOVER
  • Latitude: 42.7074
  • Longitude: -71.1207

    Address

  • Full Address: 88 Colgate Dr
  • Address - House Number: 88
  • Address - Street Name: Colgate
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: North Andover
  • Carrier Code: C023
  • 4-Digit Zip Code: 1807
  • Zip Code: 01845

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $700,600

    Appraisal Valuation

  • Standard Deviation: 0.206
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 685,995
  • High Value: 827,314
  • Low Value: 544,677

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,700
  • Assessed Land Value: $341,600
  • Assessed Improvements Value: $290,100

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31119
  • Previous Sale Recording Date: Nov 21, 2019
  • Previous Sale Contract Date: Nov 19, 2019
  • Previous Sale Amount: $540,000
  • Previous Sale Document Type: O
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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: 4 months ago
Data Source: MLS PIN, MLS# 72527112

Frequently Asked Questions

When was property at 88 Colgate Drive built and last sold?
The property at 88 Colgate Drive was built in 1962 and last sold on Sep 17, 2021 for $599,900.
How much is this home worth?
The estimated value of the home located at 88 Colgate Drive is $608,372.
What are some comparable homes to 88 Colgate Drive?
There are currently no comparable homes to 88 Colgate Drive.
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