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$139,000
● Condo - Off Market

B3 Colonial Dr #3

Andover, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
688 Ft²
$237,337
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Great location and move in ready freshly painted 1 bedroom in Andover. All white kitchen cabinets. Updated bath with new vanity and toilet. Convenient location on 1st level near laundry. Back security door opens to the courtyard for walking or jogging. Fenced in dog park on premises. Located 2 miles from Phillips Academy and beautiful Andover Center offers many shops and restaurants. Great school system. Only 5 minutes to Route 114 and Merrimack College. Short distance to Pomp's Pond and recreation. A great place to call home and easy commute to wherever you are going! Management office on premises.
Unit Size
688 Ft²
Days on Market
-
Land Size
-
Price per sqft
$207
Property Type
Condo
Property Taxes
$142
HOA Dues
$351
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: 5 years ago (MLSPIN #72095137)

Price History

Date / Event Date Event Price
Feb 28, 2017 Sold
Premium
Sold
Nov 20, 2016 Listed by Austin Realty Group $142,500
Listed by Austin Realty Group

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: First
Level: First
Level: First
Level: First
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Electric Range
Flooring Type: Tile, Carpet
Laundry Features: First Floor, Common Area, In Building
Rooms: 4
Basement: N
Parking Details
Parking Features: Deeded, Off Street
Exterior Details
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Andover's Colonial Drive Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: APT
Parcel Number: M:00085 B:00019 L:B033B, 1840894
Water Source: Public
Financial Details
Tax Assessed Value: $114,900
Tax Annual Amount: $1,703
Utilities Details
Utilities: for Electric Range
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Pool, Tennis Court(s), Trail(s), Storage, Garden Area
Association Fee Frequency: Monthly
HOA Fee: $351
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Walk/Jog Trails, Golf, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - On Site

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: 5 years ago
Data Source: MLS PIN, MLS# 72095137
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