Essex
88 Phillips Common
$698,000
●
House -
Off Market
88 Phillips Common
North Andover, MA 01845
4 Beds
2 Baths,
1
Half Bath
2,863 Ft²
$933,361
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
CHARMING CAPE with first floor master suite in desirable Phillips
Common! This delightful home offers an open main level featuring
white eat-in kitchen with stainless appliances, hardwood floors,
dining room with exterior deck and vaulted-ceiling living room with
skylights.The beautiful master suite showcases gleaming hardwood
floors and offers both custom built-in cabinetry as well as a
walk-in closet off the large two-room ensuite bathroom. Main level
is perfectly completed with lovely three-season sunroom, tasteful
half bath and mudroom/laundry off attached two-car garage. The
second floor has three well-sized bedrooms and full bathroom with
skylight. Finished lower level includes large carpeted family room,
pantry and extra room for office or exercise space. This special
property is nestled on a professionally landscaped lot and features
two large decks off the side and back of the home. Phillips Common
is supremely situated within North Andover near the Old Center and
town common.
Unit Size
2,863 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$244
Property Type
House
Property Taxes
$676
HOA Dues
$6
Year Built
1992
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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 #72699976)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2020 | Sold | ||
| Sold | |||
| Jul 29, 2020 | Listed by William Raveis R.E. & Home Services | $698,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| Oct 31, 2017 | Sold | ||
| Sold | |||
| Aug 9, 2017 | Listed by RE/MAX Partners | $624,900 | |
| Listed by RE/MAX Partners | |||
| | |||
|
Welcome home to Phillips Common! This bright, well maintained, updated 4 bedroom, 2.5 bath home has spacious rooms and beautiful architectural details. The welcoming entry foyer draws you into the open concept Dining Room/Living Room with 16ft. ceiling, cozy gas fireplace and access to the 3 season porch with deck overlooking the beautiful yard. The large, eat-in Kitchen has updated SS appliances and plenty of counter and cabinet space and a deck for year round grilling! Renovated half bath and Mud Room/Laundry at the garage entry for easy access with groceries! The 1st floor Master Suite offers a quiet retreat with updated private bath and plenty of closet space. The second floor has 3 large bedrooms, each with plenty of closet space and a full bath with skylight. The finished Lower Level has a large Family Room, Home Office and Pantry, along with an unfinished area for storage. This private, interior lot has sidewalks to The Olde Center and schools and is convenient to everything!
| |||
| Jan 15, 2004 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
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