NOT LISTED FOR SALE

Estimated Value: $1,058,000 - $1,177,000

4 Beds
3 Baths
2,622 Sq Ft
$425/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $1,075,000 $410 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,745/month

4 Days on Market

Highlights

  • Deck
  • Property is near public transit and schools
  • Loft
  • West Elementary School Rated A-
  • Wood Flooring
  • Home Office

About This Home

As of August 2023

REAR UNIT unable to be shown at this time. This stately multi-family home features 3 units with rooms flowing with natural light and high ceilings. Unit 1 boasts a sizable kitchen, a large bedroom, a formal dining room, and a living room containing floor-to-ceiling windows. Unit 2 is on the second floor and contains a large living room, office space, primary bedroom with private roof deck access, sizable eat-in kitchen, and second bedroom. Unit 3 is located in the rear of the home and provides a comfortable living room, efficient kitchen, bedroom, full bath, and bonus loft space. Each unit has its own private porch or deck, as well as a washer and dryer. The yard is professionally landscaped and all three furnaces were replaced in 2018 with an on-demand hot water system. This home is conveniently located within close proximity to Phillips Academy, the commuter rail & downtown Andover.

Last Agent to Sell the Property

Abigail Harris

Coldwell Banker Realty - Andovers/Readings Regional Listed on: 06/01/2023

Coldwell Banker Realty - Andovers/Readings Regional

Last Buyer's Agent

The North Star Group

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,010

Year Built

  • Built in 1930

Lot Details

  • 7,876

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,622 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Dining Room
  • Home Office
  • Loft
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Separate Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Schools

  • Bancroft Elementary School
  • Doherty Middle School
  • Andover High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 220 Volts

Additional Features

  • 7,876 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $4,800
  • Assessor Parcel Number 1837462

Community Details

Recreation

  • Park

Building Details

  • Insurance Expense $1,500
  • Water Sewer Expense $450
  • Operating Expense $2,950
  • Net Operating Income $19,200

Additional Features

  • 3 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,010

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1930
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Carpet, Laminate, Hardwood, Stone/Ceramic Tile
  • Interior Amenities: Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room, Office/Den, Loft
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Microwave
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 2622
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN6181
  • MAIN SO: C95098

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: None
  • Heating: Hot Water, Natural Gas, Baseboard
  • Cooling Y N: No
  • Electric: 220 Volts
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tankless

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, Private School, Public School
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 450

Lot Info

  • Parcel Number: 1837462
  • Zoning: SRA
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7876
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9010

Multi Family

  • Insurance Expense: 1500
  • Net Operating Income: 19200
  • Number Of Units Total: 3
  • Operating Expense: 2950
  • Total Actual Rent: 4800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

MLS Schools

  • High School: Andover
  • Elementary School: Bancroft
  • Middle Or Junior School: Doherty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Aug 31, 2023
Sold by
Trumbore Lewis
Bought by
Ogun Oladipo
Seller's Agent
Abigail Harris
Coldwell Banker Realty - Andovers/Readings Regional
Buyer's Agent
The North Star Group
Keller Williams Realty Evolution
List Price
$999,000
Sold Price
$1,075,000
Premium/Discount to List
$76,000
7.61%
Views
171
Current Estimated Value
$1,133,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,000
Avg. Annual Appreciation
1.46%
Original Mortgage
$1,098,112
Outstanding Balance
$1,071,868
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$41,465

Purchase Details

Closed on
Oct 31, 2002
Sold by
Lundergan Robert M Ex and Lundergan Charles Jj
Bought by
Trumbore Lewis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ogun Oladipo $1,075,000 None Available
Trumbore Lewis $500,000 --
Trumbore Lewis $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ogun Oladipo $1,098,112
Previous Owner Trumbore Lewis $384,000
Previous Owner Trumbore Lewis $63,000
Previous Owner Trumbore Lewis $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $1,075,000 +7.6% $410 / Sq Ft
06/06/2023 06/06/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $999,000 0.0% $381 / Sq Ft
06/04/2023 06/04/23 Off Market $999,000 -- --
06/01/2023 06/01/23 For Sale $999,000 -- $381 / 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 $10,256 $796,300 $320,700 $475,600
2023 $9,010 $659,600 $297,000 $362,600
2022 $7,858 $538,200 $251,700 $286,500
2021 $7,520 $491,800 $228,700 $263,100
2020 $7,047 $469,500 $223,100 $246,400
2019 $6,491 $425,100 $200,700 $224,400
2018 $6,190 $395,800 $189,200 $206,600
2017 $5,560 $366,300 $185,600 $180,700
2016 $5,101 $344,200 $185,600 $158,600
2015 $5,045 $337,000 $178,400 $158,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73118598

MLS Property Information Network (MLS PIN)

APN: ANDO-000038-000066