NOT LISTED FOR SALE

Estimated Value: $626,911 - $653,000

5 Beds
2 Baths
1,937 Sq Ft
$332/Sq Ft Est. Value

Last Sold December 05, 2024

Last sale price $650,000 $336 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,171/month

6 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Jogging Path
  • West Elementary School Rated A-
  • Wood Flooring
  • Bathtub with Shower

About This Home

As of December 2024

This well-maintained 2-family property in Andover, MA, offers excellent cash flow with a tenant in place. The first unit features 3 bedrooms and 1 bathroom, currently rented for $1,975 per month. The second unit has 2.5 bedrooms and 1 bathroom, rented for $1,775 per month. Located on a main road, this property is close to public transportation, grocery stores, and major highways, providing tenants with easy access to daily conveniences. Ideal for investors seeking immediate rental income in a prime location. Don’t miss out on this opportunity!

Last Listed By

Melvin Vieira

Listed on: 10/03/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,300

Year Built

  • Built in 1880

Lot Details

  • 7,710 Sq Ft Lot
  • Near Conservation Area
  • Level Lot

Home Design

  • Duplex
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,937 Sq Ft Home
  • Property has 2 Levels
  • Window Screens
  • Living Room
  • Washer and Dryer Hookup

Kitchen

  • Range with Range Hood
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Partial Basement
  • Block Basement Construction

Parking

  • 2 Car Parking Spaces
  • Common or Shared Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Aps Elementary And Middle School
  • Aps High School

Utilities

  • 2 Heating Zones
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $3,750
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:00038 B:00093 L:00000,1837505

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Insurance Expense $2,754
  • Water Sewer Expense $1,100
  • Operating Expense $3,854
  • Net Operating Income $41,146

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,300

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • Year Built: 1880
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood, Tile, Vinyl, Varies
  • Interior Amenities: Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room
  • Fireplace YN: No
  • Appliances: Range, Disposal, Range Hood
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer & Dryer Hookup
  • Basement: Partial, Bulkhead, Concrete, Unfinished
  • Living Area: 1937
  • Spa YN: No
  • Stories Total: 4
  • Window Features: Screens
  • MAIN LO: BB9927
  • LIST PRICE PER Sq Ft: 320.08
  • PRICE PER Sq Ft: 335.57
  • MAIN SO: G95022

Exterior Features

  • Exterior Features: Rain Gutters, Varies per Unit
  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Common, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Natural Gas
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: AWS
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1100

Lot Info

  • Parcel Number: M:00038 B:00093 L:00000,1837505
  • Zoning: SRA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7710
  • Lot Size Units: Acres
  • PAGE: 84
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Varies per Unit

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7300
  • Tax Book Number: 10946

Multi Family

  • Gross Income: 45000
  • Insurance Expense: 2754
  • Net Operating Income: 41146
  • Number Of Units Total: 2
  • Operating Expense: 3854
  • Total Actual Rent: 3750
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

MLS Schools

  • High School: Aps
  • Elementary School: Aps
  • Middle Or Junior School: Aps

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2011
Sold by
Jester Michellana Y and Robinson Shawne D
Bought by
Jasten Holdings Llc
Total Days on Market
6
Current Estimated Value
$642,478

Purchase Details

Closed on
Oct 22, 2007
Sold by
Deutsche Bank Natl T C
Bought by
Robinson Shawne D and Jester Michellana Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jasten Holdings Llc -- --
Jasten Holdings Llc -- --
Robinson Shawne D $230,000 --
Robinson Shawne D $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Ulises $638,226
Closed Perez Ulises $638,226
Previous Owner Robinson Shawne D $100,000
Previous Owner Robinson Shawne D $184,000
Previous Owner Deutsche Bank Natl T C $246,517
Previous Owner Heislein Susan A $230,000
Previous Owner Heislein Susan A $171,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $650,000 +4.8% $336 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
10/03/2024 10/03/24 For Sale $619,999 -- $320 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,302 $566,900 $219,900 $347,000
2023 $6,375 $466,700 $203,700 $263,000
2022 $5,536 $379,200 $172,700 $206,500
2021 $5,292 $346,100 $157,100 $189,000
2020 $4,952 $329,900 $153,200 $176,700
2019 $4,697 $307,600 $147,300 $160,300
2018 $4,473 $286,000 $139,000 $147,000
2017 $4,009 $264,100 $136,400 $127,700
2016 $3,671 $247,700 $136,400 $111,300
2015 $3,630 $242,500 $131,100 $111,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73298489

MLS Property Information Network (MLS PIN)

APN: ANDO-000038-000093