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Essex 01810
9 Korinthian Way
$495,000
● House - Off Market

9 Korinthian Way

Andover, MA 01810
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,250 Ft²
$740,152
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

WELCOME HOME TO THIS METICULOUSLY MAINTAINED SPLIT LEVEL, IN SOUGHT AFTER ANDOVER LOCATION! Desirable neighborhood with easy access to Harold Parker State Forest & AVIS Trails. Enjoy eat-in, fully applianced Kitchen which opens to spacious Dining Room with sliders to 3 season porch. Light filled Living Room with large bay window & hardwoods, relax in spacious Family Room with brick fireplace & sliders to private yard. All bedrooms have hardwood floors, master bath updates. 2 car attached garage. Recent improvements include newer Harvey windows, vinyl siding, security system & freshly painted throughout. Excellent opportunity to own a quality, well maintained home, with convenient commute to Boston & North Shore. Wonderful neighborhood in new Bancroft School/ Doherty Middle School District.
Unit Size
2,250 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$222
Property Type
House
Property Taxes
$635
HOA Dues
-
Year Built
1974

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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 #72302846)

Price History

Date / Event Date Event Price
Jul 11, 2018 Sold
Premium
Sold
Apr 4, 2018 Listed by William Raveis R.E. & Home Services $499,900
Listed by William Raveis R.E. & Home Services
Sep 28, 1978 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,344
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,518
  • Total Building Area: 2,250
  • Gross Building Area: 2,908
  • Building Area: 2,250
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,250
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANDOVER
  • Land Acres: 0000001022
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254302

Zoning

  • Zoning: SRC

Geography

  • Parcel: ANDO M:00011 B:00001 L:0000F
  • Block: 1
  • Lot: F
  • Municipality: ANDOVER
  • Latitude: 42.6301
  • Longitude: -71.1012

    Address

  • Full Address: 9 Korinthian Way
  • Address - House Number: 9
  • Address - Street Name: Korinthian
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Andover
  • Carrier Code: C016
  • 4-Digit Zip Code: 2220
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $930,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 795,142
  • High Value: 930,924
  • Low Value: 659,359

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $680,800
  • Assessed Land Value: $435,200
  • Assessed Improvements Value: $245,600

    Sales

  • Current Sale Recording Date: Jul 11, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16367
  • Previous Sale Recording Date: Sep 28, 1978
  • Previous Sale Amount: $83,000
  • Previous Sale Document Type: 27
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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2534 ft²

Average Home Age

72.8 years

Currently For Sale

1454 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72302846

Frequently Asked Questions

When was property at 9 Korinthian Way built and last sold?
The property at 9 Korinthian Way was built in 1974 and last sold on Jan 1, 1970 for $495,000.
How much is this home worth?
The estimated value of the home located at 9 Korinthian Way is $525,811.
What are some comparable homes to 9 Korinthian Way?
There are currently no comparable homes to 9 Korinthian Way.
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