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Photo of Unit 8 at A3 Colonial Dr
Sold on Apr 30, 2025

29

Map

Photo of Unit 8 at A3 Colonial Dr
Photo of Unit 8 at A3 Colonial Dr
$330,000
● Condo - Off Market

A3 Colonial Dr #8

Andover, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
830 Ft²
$2,566
Est. Monthly
$631
HOA / Fees

About This Property

Beautifully Maintained 2 Bedroom in PET FRIENDLY sought after community.  Recently painted, new windows, updated bathroom, laminated flooring, granite countertops & stainless steel appliances.  Open Floor Plan w/ large picture window offering plenty of natural sunlight.  Wall AC units in both living room & main bedroom.  Amenities include in-ground pool, tennis courts, basketball court and fenced in dog park!  Laundry facilities in building - large storage area.  Unit comes with 2 deeded parking spaces (37 & 76 ).  Close to shopping and major highways for easy commute.   Condo Fees - Include heat & hot water.
Unit Size
830 Ft²
Days on Market
-
Land Size
-
Price per sqft
$397
Property Type
Condo
Property Taxes
$314
HOA Dues
$631
Year Built
-

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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: 2 years ago (MLSPIN #73339809)

Price History

Date / Event Date Event Price
Apr 30, 2025 Sold
Premium
Sold
Mar 12, 2025 In contract -
In contract
Feb 28, 2025 Listed $329,900
Listed

Property Highlights

Air Conditioning
Parking Available
Parking Details
Parking Features: Off Street, Assigned
Interior Details
Full Bathrooms: 1
Rooms: 4
Basement: N
Exterior Details
Square Footage: 830
Year Built Source: Public Records
Year Built: 1969
Building Name: Colonial Drive Condominium
Building Area Total: 830
Building Area Units: Square Feet
Construction Materials: Frame, Brick
Lot Size Units: Acres
Tax Lot: b038a
Water Source: Public
Financial Details
Tax Map Number: 85
Tax Assessed Value: $301,900
Tax Annual Amount: $3,771
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat
HOA/Condo/Coop Amenities: Hot Water
HOA Fee: $631
HOA Fee Frequency: Monthly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73339809
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