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$155,000
● Condo - Off Market

A4 Colonial Drive #3

Andover, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
792 Ft²
$294,993
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Come enjoy your summer at the POOL in this desirable Andover Colonial Drive unit! Private, back corner unit placement. Heat & HW included in condo fee. Small pets allowed with restrictions. Guest parking available. Coin-op laundry in building. Commuter convenient to Routes 28, 93, & 128. Close by to Martin's Pond where you can enjoy fishing, boating, volleyball, playground and a small beach! Shopping, restaurants, and banking also conveniently located to this complex.
Unit Size
792 Ft²
Days on Market
-
Land Size
-
Price per sqft
$201
Property Type
Condo
Property Taxes
$136
HOA Dues
$332
Year Built
-

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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: 6 months ago (MLSPIN #71691927)

Price History

Date / Event Date Event Price
Jul 31, 2014 Sold
Premium
Sold
Jun 3, 2014 Listed by Colonial Manor Realty $159,000
Listed by Colonial Manor Realty

Property Highlights

Air Conditioning
Parking Available
Parking Details
Has Open Parking
Parking Features: Off Street, Deeded, Guest, Paved
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher
Flooring Type: Carpet
Laundry Features: Common Area, In Building
Rooms: 4
Basement: N
Exterior Details
Has Property Attached
Square Footage: 792
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1969
Waterfront Features: Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
Building Name: Colonial Drive
Building Area Total: 792
Building Area Units: Square Feet
Window Features: Screens
Construction Materials: Frame
Pool Features: Association, In Ground
Pool is Private
Lot Size Units: Acres
Tax Lot: B043A
Water Source: Public
Financial Details
Tax Map Number: 00085
Tax Assessed Value: $107,200
Tax Annual Amount: $1,627
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Oil
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat, Road Maintenance
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Tennis Court(s)
HOA Fee: $332
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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71691927
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