$285,000
●
Condo -
Off Market
B4 Colonial Dr #7
Andover, MA
1 Bed
1 Bath
719 Ft²
$264,428
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Here is your chance to own in Andover's desirable Colonial Drive
Condominiums. This clean and well-maintained unit features a
spacious open concept floor plan. Enjoy the large living room
with a picture window providing lots of natural sunlight and a
separate dining area. The kitchen offers plenty of cabinets space,
stainless steel appliances and oak cabinets. The sizable bedroom
offers double closets and more natural sunlight. Clean laundry room
and locked storage offered downstairs in building. Condo fee
includes heat, hot water, water & sewer. Enjoy other amenities
including the in-ground pool, tennis and basketball courts, dog
park and assigned parking with lots of visitor spots. Great
location with quick access to Rt 93, Harold Parker State Forest,
and the local restaurants and shops.
Unit Size
719 Ft²
Days on Market
-
Land Size
-
Price per sqft
$361
Property Type
Condo
Property Taxes
$228
HOA Dues
$393
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: 4 years ago (MLSPIN #73087488)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2023 | Sold | ||
| Sold | |||
| Mar 21, 2023 | In contract | - | |
| In contract | |||
| Mar 14, 2023 | Listed by Accurety, LLC | $259,900 | |
| Listed by Accurety, LLC | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Features: Flooring - Laminate, Stainless Steel Appliances
Features: Flooring - Laminate
Level: Second
Features: Bathroom - Full, Bathroom - Tiled With Tub
Level: Second
Features: Closet, Flooring - Laminate
Level: Second
Level: Second
Features: Closet, Flooring - Laminate, Window(s) - Picture
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Electric Oven
Flooring Type: Tile, Laminate
Laundry Features: In Basement, In Building
Rooms: 4
Basement: N
Parking Details
Parking Features: Assigned
Exterior Details
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Colonial Drive Condominium
Structure Type: Garden
Stories (Total): 3
Building Area Units: Square Feet
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: r
Parcel Number: 1840907
Water Source: Public
Financial Details
Tax Assessed Value: $200,000
Tax Annual Amount: $2,732
Utilities Details
Utilities: for Electric Oven
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Pool, Laundry, Tennis Court(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $393
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Walk/Jog Trails, Medical Facility, Highway Access, Public School
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