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Essex 01810
93 Spring Grove Road
$790,000
● House - Off Market

93 Spring Grove Road

Andover, MA 01810
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,923 Ft²
$1,161,747
RealtyHop Estimate
36.68%
Since Jul 1, 2020
MA-Boston
Primary Model

About This Property

Most sought after location!  Pike School and Phillips Academy area.  Breathtaking views....and magnificent sunsets.....overlooking West Hollow.  On a 1.3 acre lot...Surrounded by multi-million dollar homes..  Custom expanded cape. This home has so much to offer - gleaming hardwood floors, 5 bedrooms - 5 baths - 3 fireplaces -  Lower Level has a walkout to bluestone patio.  Many of the big ticket items have been addressed. Central Air - 3 zone - whole house generator!  Furnace -  3-zone - Andersen Replacement windows (in most of house).  Room for expansion.  Priced well below assessed value....waiting for your finishing touches!  Priced accordingly.
Unit Size
3,923 Ft²
Days on Market
-
Land Size
1.33 acres
Price per sqft
$217
Property Type
House
Property Taxes
$1,194
HOA Dues
-
Year Built
1960

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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 #72656075)

Price History

Date / Event Date Event Price
Jun 1, 2020 Sold
Premium
Sold
May 14, 2020 Listed by Coldwell Banker Residential Brokerage - Andover $850,000
Listed by Coldwell Banker Residential Brokerage - Andover
Sep 28, 2007 Sold
Premium
Sold
May 1, 2007 Listed by Coldwell Banker Residential Brokerage - Andover $849,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 3,223
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 57,935
  • Total Building Area: 4,057
  • Gross Building Area: 9,790
  • Building Area: 4,057
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,057
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001330
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Andover School District
  • Census Tract: 254301

Zoning

  • Zoning: SRB

Geography

  • Parcel: ANDO M:00098 B:00020 L:00000
  • Block: 20
  • Municipality: ANDOVER
  • Latitude: 42.6307
  • Longitude: -71.1376

    Address

  • Full Address: 93 Spring Grove Rd
  • Address - House Number: 93
  • Address - Street Name: Spring Grove
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Andover
  • Carrier Code: C014
  • 4-Digit Zip Code: 4880
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,622,000

    Appraisal Valuation

  • Standard Deviation: 0.1916
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 1,441,099
  • High Value: 1,717,213
  • Low Value: 1,164,984

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,187,400
  • Assessed Land Value: $562,000
  • Assessed Improvements Value: $625,400

    Sales

  • Current Sale Contract Date: May 26, 2020
  • Current Sale Recording Date: Jun 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 122161
  • Previous Sale Recording Date: Sep 28, 2007
  • Previous Sale Amount: $775,000
  • Previous Sale Document Type: 48
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72656075

Frequently Asked Questions

When was property at 93 Spring Grove Road built and last sold?
The property at 93 Spring Grove Road was built in 1960 and last sold on May 26, 2020 for $790,000.
How much is this home worth?
The estimated value of the home located at 93 Spring Grove Road is $853,143.
What are some comparable homes to 93 Spring Grove Road?
There are currently no comparable homes to 93 Spring Grove Road.
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