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7 Michael Way; Andover, MA Property Details

7 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 7 Michael Way has 2 bedrooms, and 1.5 bathrooms, and a total of 1,094 square feet. The lot size of 7 Michael Way is 365,395 square feet.

Off market
7 Michael Way Andover, MA 01810
$427,300 Estimated Value
2 Beds
1.5 Baths
1,094 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1988
  • Purchase Price: $339,900
  • Open Loans / Balance: 1 / $61,316
  • Est. Equity / %: $628,684 / 91.11%
  • Gross Yield: 5.007%
  • APN: ANDO M:00093 B:00004 L:00042
  • Situs County: Essex
  • Length Of Ownership: 23 years, 1 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: 1,094/SqFt
  • Lot: 365,395/SqFt
  • Gross: 1,440/SqFt
  • Living: 1,094/SqFt
  • Basement: 480/SqFt
  • Building: 1,094/SqFt
  • Basement Unfinished: 322/SqFt
  • Price Per Square Foot: $310.69
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

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

Taxes

7 Michael Way has 8 associated Taxes items

7 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 $427,300. The APN we've located for 7 Michael Way is ANDO M:00093 B:00004 L:00042.

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Taxes
  • Assessed Value:  $427,300
  • Assessed Year:  2025
  • Assessed County:  Essex
  • APN:  ANDO M:00093 B:00004 L:00042
  • Tax Amount:  5337
  • Tax Year:  2025
  • Market Value:  604390
  • Market Year:  2025

Tax History

7 Michael Way has 11 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $427,300 Land Value Improvement Value $427,300 Tax Amount $5,337 Change Rate +0.13096% Assessed CR Tax Rate +0.01249%
Year 2024 Assessed Value $366,400 Land Value Improvement Value $366,400 Tax Amount $4,719 Change Rate +0.033961% Assessed CR Tax Rate +0.012879%
Year 2023 Assessed Value $334,100 Land Value Improvement Value $334,100 Tax Amount $4,564 Change Rate +0.065857% Assessed CR Tax Rate +0.013661%
Year 2022 Assessed Value $293,300 Land Value Improvement Value $293,300 Tax Amount $4,282 Change Rate -0.017439% Assessed CR Tax Rate +0.014599%
Year 2021 Assessed Value $285,000 Land Value Improvement Value $285,000 Tax Amount $4,358 Change Rate +0.034179% Assessed CR Tax Rate +0.015291%
Year 2020 Assessed Value $279,200 Land Value Improvement Value $279,200 Tax Amount $4,213.97 Change Rate -0.017613% Assessed CR Tax Rate +0.015093%
Year 2019 Assessed Value $276,000 Land Value Improvement Value $276,000 Tax Amount $4,289.52 Change Rate -0.004059% Assessed CR Tax Rate +0.015542%
Year 2018 Assessed Value $275,400 Land Value Improvement Value $275,400 Tax Amount $4,307 Change Rate +0.032606% Assessed CR Tax Rate +0.015639%
Year 2017 Assessed Value $274,800 Land Value Improvement Value $274,800 Tax Amount $4,171 Change Rate +0.015583% Assessed CR Tax Rate +0.015178%
Year 2016 Assessed Value $277,100 Land Value Improvement Value $277,100 Tax Amount $4,107 Change Rate +0.097248% Assessed CR Tax Rate +0.014821%
Year 2015 Assessed Value $250,000 Land Value Improvement Value $250,000 Tax Amount $3,743 Change Rate Assessed CR Tax Rate +0.014972%