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5 Michael Way; Andover, MA Property Details

5 Michael Way, Andover, MA is a Condominium that was built in 1988. This property is currently Financed and is not for sale. Our records show that 5 Michael Way has 2 bedrooms, and 1.5 bathrooms, and a total of 1,176 square feet. The lot size of 5 Michael Way is 365,395 square feet.

Off market
5 Michael Way Andover, MA 01810
$430,100 Estimated Value
2 Beds
1.5 Baths
1,176 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1988
  • Purchase Price: $225,000
  • Open Loans / Balance: 1 / $121,182
  • Est. Equity / %: $538,818 / 81.64%
  • Inv. Liens / Amount: 1 / $1,291
  • Gross Yield: 6.282%
  • APN: ANDO M:00093 B:00004 L:00043
  • Situs County: Essex
  • Length Of Ownership: 14 years, 3 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 5
  • 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: 1,176/SqFt
  • Lot: 365,395/SqFt
  • Gross: 1,440/SqFt
  • Living: 1,176/SqFt
  • Basement: 480/SqFt
  • Building: 1,176/SqFt
  • Basement Unfinished: 240/SqFt
  • Price Per Square Foot: $191.33
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: 4747
  • Cooling: Yes
  • Heating: Forced air unit

HOA

  • H O A One Type: Condo  Owner Association

Ownership Info

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

Taxes

5 Michael Way has 8 associated Taxes items

5 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 $430,100. The APN we've located for 5 Michael Way is ANDO M:00093 B:00004 L:00043.

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Taxes
  • Assessed Value:  $430,100
  • Assessed Year:  2025
  • Assessed County:  Essex
  • APN:  ANDO M:00093 B:00004 L:00043
  • Tax Amount:  5372
  • Tax Year:  2025
  • Market Value:  483455
  • Market Year:  2025

Tax History

5 Michael Way has 11 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $430,100 Land Value Improvement Value $430,100 Tax Amount $5,372 Change Rate +0.130947% Assessed CR Tax Rate +0.01249%
Year 2024 Assessed Value $368,800 Land Value Improvement Value $368,800 Tax Amount $4,750 Change Rate +0.034408% Assessed CR Tax Rate +0.01288%
Year 2023 Assessed Value $336,200 Land Value Improvement Value $336,200 Tax Amount $4,592 Change Rate +0.065429% Assessed CR Tax Rate +0.013659%
Year 2022 Assessed Value $295,200 Land Value Improvement Value $295,200 Tax Amount $4,310 Change Rate -0.017104% Assessed CR Tax Rate +0.0146%
Year 2021 Assessed Value $286,800 Land Value Improvement Value $286,800 Tax Amount $4,385 Change Rate +0.039592% Assessed CR Tax Rate +0.015289%
Year 2020 Assessed Value $281,000 Land Value Improvement Value $281,000 Tax Amount $4,218 Change Rate -0.005658% Assessed CR Tax Rate +0.015011%
Year 2019 Assessed Value $277,800 Land Value Improvement Value $277,800 Tax Amount $4,242 Change Rate -0.021453% Assessed CR Tax Rate +0.01527%
Year 2018 Assessed Value $277,200 Land Value Improvement Value $277,200 Tax Amount $4,335 Change Rate +0.032389% Assessed CR Tax Rate +0.015639%
Year 2017 Assessed Value $276,600 Land Value Improvement Value $276,600 Tax Amount $4,199 Change Rate +0.015969% Assessed CR Tax Rate +0.015181%
Year 2016 Assessed Value $278,900 Land Value Improvement Value $278,900 Tax Amount $4,133 Change Rate +0.097451% Assessed CR Tax Rate +0.014819%
Year 2015 Assessed Value $251,600 Land Value Improvement Value $251,600 Tax Amount $3,766 Change Rate Assessed CR Tax Rate +0.014968%