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40 Michael Way; Andover, MA Property Details

40 Michael Way, Andover, MA is a Condominium that was built in 1989. This property is currently a cash purchase and is not for sale. Our records show that 40 Michael Way has 2 bedrooms, and 1.5 bathrooms, and a total of 936 square feet. The lot size of 40 Michael Way is 365,395 square feet.

Off market
40 Michael Way Andover, MA 01810
$385,400 Estimated Value
2 Beds
1.5 Baths
936 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1989
  • Open Loans: 1
  • Est. Equity / %: $570,000 / 100%
  • Gross Yield: 5.589%
  • APN: ANDO M:00093 B:00004 L:00025
  • Situs County: Essex
  • Length Of Ownership: 13 years, 3 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 4
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 2
  • Exterior Wall Type: Wood Siding
  • Building Condition: Average
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 936/SqFt
  • Lot: 365,395/SqFt
  • Gross: 1,440/SqFt
  • Living: 936/SqFt
  • Basement: 480/SqFt
  • Building: 936/SqFt
  • Basement Unfinished: 480/SqFt
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: A / High Risk
  • School District: Andover School District
  • Lat / Lon: 42.645557 / -71.155136
  • Property Class: Residential
  • Zoning: SRB
  • County Use Code: 102

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4746
  • Cooling: Yes
  • Heating: Forced air unit

HOA

  • H O A One Type: Condo  Owner Association

Ownership Info

40 Michael Way has no associated ownership info
40 Michael Way has no associated ownership info.

Taxes

40 Michael Way has 8 associated Taxes items

40 Michael Way, Andover, MA pays taxes in Essex County, MA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $385,400. The APN we've located for 40 Michael Way is ANDO M:00093 B:00004 L:00025.

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Taxes
  • Assessed Value:  $385,400
  • Assessed Year:  2025
  • Assessed County:  Essex
  • APN:  ANDO M:00093 B:00004 L:00025
  • Tax Amount:  4814
  • Tax Year:  2025
  • Market Value:  412395
  • Market Year:  2025

Tax History

40 Michael Way has 11 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $385,400 Land Value Improvement Value $385,400 Tax Amount $4,814 Change Rate +0.133239% Assessed CR Tax Rate +0.012491%
Year 2024 Assessed Value $329,800 Land Value Improvement Value $329,800 Tax Amount $4,248 Change Rate +0.033828% Assessed CR Tax Rate +0.012881%
Year 2023 Assessed Value $300,800 Land Value Improvement Value $300,800 Tax Amount $4,109 Change Rate +0.520725% Assessed CR Tax Rate +0.01366%
Year 2022 Assessed Value $185,100 Land Value Improvement Value $185,100 Tax Amount $2,702 Change Rate -0.016739% Assessed CR Tax Rate +0.014598%
Year 2021 Assessed Value $179,700 Land Value Improvement Value $179,700 Tax Amount $2,748 Change Rate +0.033938% Assessed CR Tax Rate +0.015292%
Year 2020 Assessed Value $176,100 Land Value Improvement Value $176,100 Tax Amount $2,657.8 Change Rate -0.018077% Assessed CR Tax Rate +0.015093%
Year 2019 Assessed Value $174,100 Land Value Improvement Value $174,100 Tax Amount $2,706.73 Change Rate -0.00378% Assessed CR Tax Rate +0.015547%
Year 2018 Assessed Value $173,700 Land Value Improvement Value $173,700 Tax Amount $2,717 Change Rate +0.031511% Assessed CR Tax Rate +0.015642%
Year 2017 Assessed Value $173,500 Land Value Improvement Value $173,500 Tax Amount $2,634 Change Rate +0.016596% Assessed CR Tax Rate +0.015182%
Year 2016 Assessed Value $174,800 Land Value Improvement Value $174,800 Tax Amount $2,591 Change Rate +0.102553% Assessed CR Tax Rate +0.014823%
Year 2015 Assessed Value $157,000 Land Value Improvement Value $157,000 Tax Amount $2,350 Change Rate Assessed CR Tax Rate +0.014968%