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Andover 01810
89 Chestnut St
$620,000
● House - Off Market

89 Chestnut St

Andover, MA 01810
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,862 Ft²
$959,119
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

Looking for a downtown Andover location?  Beautifully renovated, 4-bedroom Colonial with a detached 2-car garage.  This home exudes the charm of yester-year with today's amenities.  Plenty of off-street parking, walk-up third level with plenty of storage space or an opportunity to finish, and a walk-out basement to a fabulously landscaped and level backyard.  Schedule your appointment today.  PROPERTY WILL NOT LAST!!!
Unit Size
1,862 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$333
Property Type
House
Property Taxes
$631
HOA Dues
-
Year Built
1916

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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: 4 months ago (MLSPIN #72253050)

Price History

Date / Event Date Event Price
Jan 22, 2018 Sold
Premium
Sold
Nov 8, 2017 Listed by Lillian Montalto Signature Properties $619,900
Listed by Lillian Montalto Signature Properties
Jan 13, 2012 Sold
Premium
Sold
Oct 21, 2011 Listed by Lillian Montalto Signature Properties $534,900
Listed by Lillian Montalto Signature Properties
Jan 29, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 824
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,460
  • Total Building Area: 1,862
  • Gross Building Area: 3,555
  • Building Area: 1,862
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,862
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: C E PLAN 109
  • Land Acres: 0000000309
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254200

Zoning

  • Zoning: SRA

Geography

  • Parcel: ANDO M:00039 B:00157 L:00000
  • Block: 157
  • Municipality: ANDOVER
  • Latitude: 42.6566
  • Longitude: -71.1323

    Address

  • Full Address: 89 Chestnut St
  • Address - House Number: 89
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Carrier Code: C015
  • 4-Digit Zip Code: 3638
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $963,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 881,658
  • High Value: 1,031,563
  • Low Value: 731,754

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $705,000
  • Assessed Land Value: $441,600
  • Assessed Improvements Value: $263,400

    Sales

  • Current Sale Recording Date: Jan 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1505
  • Previous Sale Recording Date: Jan 13, 2012
  • Previous Sale Amount: $515,000
  • 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 Andover

Stats & Trends

Median Asking:

$872,500

Sale Price/ft²

$417

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2796 ft²

Average Home Age

93.3 years

Currently For Sale

22 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72253050

Frequently Asked Questions

When was property at 89 Chestnut Street built and last sold?
The property at 89 Chestnut Street was built in 1916 and last sold on Jan 1, 1970 for $620,000.
How much is this home worth?
The estimated value of the home located at 89 Chestnut Street is $632,173.
What are some comparable homes to 89 Chestnut Street?
There are currently no comparable homes to 89 Chestnut Street.
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