NOT LISTED FOR SALE

40 Colonial Dr Unit 6 Andover, MA 01810

Estimated Value: $316,000 - $346,000

2 Beds
1 Bath
934 Sq Ft
$499/ mo HOA Fee

Last Sold November 28, 2023

Last sale price $325,000 $348 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,490/month

5 Days on Market

Highlights

  • Medical Services
  • In Ground Pool
  • Property is near public transit and schools
  • South Elementary School Rated A
  • Open Floorplan
  • Wood Flooring

About This Home

As of November 2023

Get ready to be blown away by this fabulous condo in the heart of Andover, Massachusetts! We're talking about 2 bedrooms, 1 bathroom, and it's got a renovated bathroom that'll make you go "WOW!" This condo is the definition of "move-in ready." No need to lift a finger, just bring a toothbrush and start living the dream. And guess what? The condo fee covers all your utilities except electric! But wait, there's more! The association here is like no other. You've got an in-ground pool to soak up the sun, a dog park to let your furry friend run wild, and basketball and tennis courts for some friendly competition. It's like having a resort right at your doorstep! It also offers maintenance personnel on staff 24/ and commuting is a breeze being that you are close to I-93 and route 12. Andover, MA, is where you want to be.

Last Agent to Sell the Property

Nick Cuevas

Compass Listed on: 10/11/2023

Compass

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,232

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 16.83

HOA Fees

  • $499 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 2nd floor

Interior Spaces

  • 934 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Laundry in Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • In Ground Pool
  • Balcony

Location

  • Property is near public transit and schools

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number M:00085 B:00019 L:0B406,1840789

Community Details

Overview

  • Association fees include heat, gas, water, sewer, maintenance structure, road maintenance, ground maintenance, snow removal, trash
  • 220 Units
  • Colonial Drive Condominiums Community

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,232

Year Built

Built in 1974 | Remodeled

Lot Details

16.83 Acres

HOA Fees

$499 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1974
  • Entry Level: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Carpet, Hardwood
  • Entry Location: Unit Placement(Back)
  • Fireplace YN: No
  • Appliances: Range,Oven,Dishwasher,Microwave,Refrigerator, Utility Connections for Gas Range
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Wall to Wall Carpet
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Wall to Wall Carpet
  • Room Master Bedroom Level: First
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Remodeled
  • Bathroom 1 Level: First
  • Room Dining Room Features: Flooring - Stone/Ceramic Tile
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Stainless Steel Appliances
  • Laundry Features: In Basement, In Building
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Hardwood, Balcony / Deck, Open Floorplan
  • Basement: N
  • Living Area: 934
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN2383
  • MAIN SO: H11111

Exterior Features

  • Exterior Features: Balcony
  • Home Warranty YN: No
  • Pool Features: Association, In Ground
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Wall Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Laundry, Tennis Court(s), Park
  • Association Fee: 499.05
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School
  • Senior Community YN: No
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Gas, Water, Sewer, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Parcel Number: M:00085 B:00019 L:0B406,1840789
  • Zoning: APT
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3232

Multi Family

  • Number Of Units Total: 220
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Nov 28, 2023
Sold by
Barreto Andres F and Kuo Fushan
Bought by
Mikhil Michael
Seller's Agent
Nick Cuevas
Compass
Buyer's Agent
Non Member
Non Member Office
List Price
$289,900
Sold Price
$325,000
Premium/Discount to List
$35,100
12.11%
Views
110
Current Estimated Value
$328,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,693
Avg. Annual Appreciation
0.49%
Original Mortgage
$245,000
Outstanding Balance
$240,628
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$88,065

Purchase Details

Listed on
Nov 5, 2020
Closed on
Jan 13, 2021
Sold by
Wetterskog Keith G
Bought by
Barreto Andres F and Kuo Fu-Shan
Seller's Agent
Chris Barnard
Barnard Real Estate Advisors, LLC
Buyer's Agent
Chinatti Realty Group
Chinatti Realty Group, Inc.
List Price
$229,900
Sold Price
$235,000
Premium/Discount to List
$5,100
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.96%
Original Mortgage
$188,000
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2010
Sold by
Jones Megan S and Citimortgage Inc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 19, 2005
Sold by
Zeng Qi and Guo Qunhui
Bought by
Shankey Brian P and Shankey Jessica F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2005
Sold by
Shankey Brian P and Shankey Jessica F
Bought by
Jones Megan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 1999
Sold by
Marengi Joseph P and Marengi Kristen A
Bought by
Shankey Brian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,200
Interest Rate
7.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mikhil Michael $325,000 None Available
Barreto Andres F $235,000 None Available
Barreto Andres F $235,000 None Available
Federal National Mortgage Association $184,006 --
Federal National Mortgage Association $184,006 --
Shankey Brian P $499,000 --
Shankey Brian P $499,000 --
Jones Megan S $229,000 --
Jones Megan S $229,000 --
Shankey Brian P $109,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mikhil Michael $245,000
Previous Owner Barreto Andres F $188,000
Previous Owner Jones Megan S $209,000
Previous Owner Shankey Brian P $87,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/28/2023 11/28/23 Sold $325,000 +12.1% $348 / Sq Ft
10/17/2023 10/17/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $289,900 +23.4% $310 / Sq Ft
01/15/2021 01/15/21 Sold $235,000 +2.2% $252 / Sq Ft View Prior Sale
11/24/2020 11/24/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $229,900 0.0% $246 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $229,900 -- $246 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $3,371 $261,700 $0 $261,700
2023 $3,232 $236,600 $0 $236,600
2022 $3,227 $221,000 $0 $221,000
2021 $3,151 $206,100 $0 $206,100
2020 $2,994 $199,500 $0 $199,500
2019 $2,674 $175,100 $0 $175,100
2018 $2,559 $163,600 $0 $163,600
2017 $2,392 $157,600 $0 $157,600
2016 $2,260 $152,500 $0 $152,500
2015 $2,171 $145,000 $0 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73169216

MLS Property Information Network (MLS PIN)

APN: ANDO-000085-000019-B000406

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