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Photo of Unit 3 at A5 Colonial Drive
Sold on Apr 28, 2005

1

Map

$192,000
● Condo - Off Market

A5 Colonial Drive #3

Andover, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
792 Ft²
$357,324
RealtyHop Estimate
83.24%
Since May 1, 2005
National-US
Primary Model

About This Property

Bright, quiet first floor corner unit facing courtyard.  Everything updated within last 2 years including kitchen, bath and Pergo flooring in Living room.  Move in condition.  Low condo fee includes heat & hot water.  Lowest priced 2 bedroom unit in the complex.  Great commuting location.  Quick close possible.
Unit Size
792 Ft²
Days on Market
-
Land Size
-
Price per sqft
$246
Property Type
Condo
Property Taxes
$139
HOA Dues
$296
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: 6 months ago (MLSPIN #70163593)

Price History

Date / Event Date Event Price
Apr 28, 2005 Sold
Premium
Sold
Mar 28, 2005 Listed $195,000
Listed

Property Highlights

Air Conditioning
Parking Available
Parking Details
Has Open Parking
Parking Features: On Street, Assigned
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher
Flooring Type: Tile, Carpet, Other
Rooms: 4
Basement: N
Exterior Details
Square Footage: 792
Year Built Source: Public Records
Year Built: 1969
Building Name: Colonial Drive
Building Area Total: 792
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame, Brick
Pool Features: Association, In Ground
Lot Size Units: Acres
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $144,500
Tax Annual Amount: $1,663
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard
Sewer : Private Sewer, Private Sewerage
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Heat, Road Maintenance
HOA/Condo/Coop Amenities: Hot Water, Pool, Tennis Court(s)
HOA Fee: $296

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: 6 months ago
Data Source: MLS PIN, MLS# 70163593
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