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16 Balmoral St # 405, Andover MA 01810

Andover, MA 01810
$286,000
Est. $2,393/month
1
Beds
1
Baths
709
Sq Ft
$403
Price/Sq Ft
1925
Year Built
83
Days on Market
Closed Listed Feb 13, 2024 • MLS# 73201953 Copied!

About this home

BACK ON THE MARKET!!! What an exceptional opportunity to customize your own condo in the Balmoral Building in Shawsheen Village. This unit will need some TLC but with your creativity you can transform the unit and bring out the history, charm, character, and elegance. Located on the top floor, this 1 bedroom 1 bath bright and open concept floor plan boasts high ceilings, wainscotting and tall windows. Storage area, coin operated laundry facilities in basement as well as one deeded parking space. Conveniently located close to highways and downtown Andover. This is a NON SMOKING building and is pet restricted.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1925
Bedrooms
1
Full Bathrooms
1
Living Area
709 sq ft
Total Rooms
3
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $350,000
Final Sale Price: $286,000
Difference: $64,000 (-18.3%)
Performance Metrics
81.7%
List to Sale Ratio
Sold below asking price
83
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $494
Sale $/sq ft: $403
This property sold for $403 per square foot
Sale Summary

This property sold for 18.3% below the original asking price.

The property spent 83 days on market before selling.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$403/sq ft
Area Average
$321/sq ft
Difference
+25.5%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1925
Living Area 709 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Carpet, Laminate
Appliances None
Fireplace None
Basement N
Laundry Common Area, In Building
Features None

Exterior

Construction Brick, Stone
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Deeded
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,363
Assessed Value $246,200

Interior Features

Flooring: Carpet, Laminate
Appliances:
Interior Features:
Windows:
Basement: N
Laundry: Common Area, In Building
Security:

Construction & Materials

Year Built: 1925
Structure Type: Garden
Exterior Materials: Brick, Stone
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded

Location

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Neighborhood

16 Balmoral St # 405, Andover MA 01810

Andover, MA 01810

Walkability

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Nearby Schools

School District
Andover School District local
A+
School Safety 2024-25
0.4% Low
0.4% Suspensions 0.1% In-School
5.1% below state avg
E

Elementary Schools

3 schools
Saint Augustine School
1.3 mi
Grades PK-08
C
Robert Frost School
1.3 mi | #602 of 824 | Score: 40.8
Dropped 33 spots from last year
-17.4 below state avg
568 students Less Diverse
Grades K-04
Shawsheen School
1.4 mi
85 students Diverse
Grades PK
M

Middle Schools

3 schools
A
Andover West Middle School
0.9 mi | #49 of 352 | Score: 57.0
Dropped 33 spots from last year
-1.2 below state avg
508 students Diverse
Grades 06-08
C-
Frost Middle School
1.3 mi | #297 of 352 | Score: 31.7
Improved 28 spots from last year
-26.5 below state avg
508 students Less Diverse
Rising School
Grades 05-08
A
Doherty Middle School
1.4 mi | #41 of 352 | Score: 58.5
Improved 13 spots from last year
+0.3 above state avg
493 students Moderate
Strong Attendance
Grades 06-08
H

High Schools

3 schools
A+
Andover High School
1.1 mi | #24 of 346 | Score: 72.8
Improved 10 spots from last year
+14.6 above state avg
1,609 students Diverse
20 sports • 2,968 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
C
Lawrence High School
1.3 mi | #270 of 346 | Score: 44.4
Improved 37 spots from last year
-13.8 below state avg
3,453 students Less Diverse
13 sports • 1,440 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
Phillips Academy
1.7 mi
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $280
Homeowners Insurance $200
HOA Fee $467/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

3.1%
Price Range
76
Total Days on Market

Property Timeline

Sold
May 23, 2024
$286,000
Property sold
Days on Market: 76
🏠
Listed for Sale
Feb 13, 2024
$295,000
Original listing
Agent: Christopher Chiang Office: NextHome Tradition

Price & Status History

Date Event Price Change
Feb 13, 2024 New Listing Added $295,000

Market Statistics

Days on Market
83 days
Price per Sq Ft
$403

Tax History

Year Taxes Assessment
2023 $3,363 $246,200

Financial Details

Annual Property Tax
$3,363
Tax Year 2023
HOA Fee
$467
Monthly
Assessed Value
$246,200

Listing Information

Listing Office NextHome Tradition
Agent MLS ID CT005246
Office MLS ID AN7890
Listing Data Updated May 25, 2024 12:48 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Andover, MA

Real-time market trends and pricing data for this area

16 Balmoral St # 405, Andover MA 01810 - Photo 1 16 Balmoral St # 405, Andover MA 01810 - Photo 2 16 Balmoral St # 405, Andover MA 01810 - Photo 3
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