$196,000
●
Condo -
Off Market
B1 Colonial Dr #3
Andover, MA
1 Bed
1 Bath
688 Ft²
$256,198
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
Welcome to this excellent condition lower level 1 bedroom unit in
the Colonial Drive Condominiums in Andover. Stainless steel kitchen
appliances. Open concept dining and living areas with large picture
window. Nicely sized bedroom with double closet. Vinyl replacement
windows. Premium parking spot #113 right next to the entrance of
building. Condo fee includes heat, hot water, water & sewer.
Colonial Drive Condominiums is pet friendly with dog park area,
in-ground pool, tennis & basketball courts, and plenty of visitor
parking, extra storage area in building & bike sheds outside.
Conveniently located on the North Reading line with easy access to
Route 93 and Harold Parker State Forest with trails, camping &
ponds for enjoying nature and the outdoors.
Unit Size
688 Ft²
Days on Market
-
Land Size
-
Price per sqft
$283
Property Type
Condo
Property Taxes
$184
HOA Dues
$358
Year Built
-
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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 years ago (MLSPIN #72743997)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2020 | Sold | ||
| Sold | |||
| Oct 16, 2020 | Listed by Keller Williams Realty Evolution | $195,000 | |
| Listed by Keller Williams Realty Evolution | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Width: 7
Length: 10
Features: Flooring - Laminate
Area: 70
Area: 35
Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Length: 7
Level: First
Width: 5
Width: 10
Features: Flooring - Laminate
Length: 10
Level: First
Area: 100
Length: 15
Level: First
Area: 180
Features: Flooring - Wall to Wall Carpet
Width: 12
Features: Flooring - Wall to Wall Carpet
Level: First
Length: 12
Width: 12
Area: 144
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Range Hood, Gas Water Heater, Utility Connections for Electric Range
Flooring Type: Tile, Carpet, Laminate
Laundry Features: In Building
Rooms: 3
Basement: N
Parking Details
Parking Features: Off Street, Assigned
Exterior Details
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Colonial Drive Condominiums
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: APT
Parcel Number: M:00085 B:00019 L:B013B, 1840830
Water Source: Public
Financial Details
Tax Map Number: 00085
Tax Assessed Value: $146,900
Tax Annual Amount: $2,205
Utilities Details
Utilities: for Electric Range
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Other
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Pool, Tennis Court(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $358
Pets Allowed: Yes w/ Restrictions
Management: Professional - On Site
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017