$170,000
●
Condo -
Off Market
B3 Colonial Drive #5
Andover, MA
1 Bed
1 Bath
719 Ft²
$243,188
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Nicely Renovated Bright & Sunny second level unit @ Colonial Drive
Condominiums in Andover. Kitchen with stainless steel
appliances & extra counter space built in. Open concept
Dining & Living areas feature Crown Molding, Dining area with
elegant Shadow Boxing & spacious living room with large picture
window. Nicely sized bedroom with double closet. Six panel doors &
Energy Efficient Windows. Premium Parking Spot, #134 right next to
the entrance! Condo fee INCLUDES Heat, Hot Water, Water &
Sewer!! Colonial Drive Condominiums is a Pet Friendly Complex
with dog park area, tennis & basketball courts, lots of visitor
parking, extra storage in building & bike sheds outside.
Conveniently located on the North Reading line with easy access to
Route 93 PLUS Harold Parker State Forest is very close by with
seemingly endless miles of trails, camping & ponds for year round
enjoyment! Due to Covid-19, Masks required to enter building.
Unit Size
719 Ft²
Days on Market
-
Land Size
-
Price per sqft
$250
Property Type
Condo
Property Taxes
$199
HOA Dues
$385
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 #72682323)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2020 | Sold | ||
| Sold | |||
| Jun 29, 2020 | Listed by True North Realty | $179,900 | |
| Listed by True North Realty | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Features: Flooring - Stone/Ceramic Tile
Features: Flooring - Stone/Ceramic Tile
Level: Second
Level: Second
Level: Second
Level: Second
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Utility Connections for Electric Oven
Flooring Type: Laminate
Laundry Features: Common Area, In Building
Rooms: 4
Basement: N
Parking Details
Parking Features: Assigned, Guest, Paved
Exterior Details
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Colonial Drive Condominiums
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: Apt
Parcel Number: 1840898
Water Source: Public
Financial Details
Tax Assessed Value: $158,900
Tax Annual Amount: $2,385
Utilities Details
Utilities: for Electric Oven
Cooling Type: Wall Unit(s)
Heating Type: Central, Common
Sewer : Other
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Tennis Court(s)
Association Fee Frequency: Monthly
HOA Fee: $385
Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Highway Access
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - On Site
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017