
1 Homestead Circle Andover — Photo 1 of 42
$1,195,000
Investment Analysis — 1 Homestead Circle
Andover, MA 01810 — 2 Cul-de-sacs, 11 beautiful homes, just a bit over 1 mile to town center at Chestnut & Main Street!
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 1.73% cap rate and $20,642/yr in estimated NOI at the $1,195,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
3,061
Style
Single Family
Built
1976
Convenient, Comfortable, & Class! What makes this special? 1. Buyers looking in this price range, know, it's practically impossible to find a beautiful forever home, only about 1 mile to town center, on a private, pretty, Cul-De-Sac. 2. Tucked away, yet conveniently located. You can get everywhere quickly from this location, route 93, schools, shopping, train, etc. 3. It's eye catching from the exterior. Classic, charming, curb appeal, with nature surround, definitely will capture your attention. 4. It's the perfect size. Not too huge, & not too small. There's a bonus room off the 4th bedroom, which can be a quiet home office, hobby room or 5th bedroom in a pinch. There's a fun enclosed porch, great place for summer dinners, overlooking the peaceful backyard. The unfinished basement has future potential for finished area if desired. 5. There's a whole house generator, heated garage, wood burning fireplace, hardwood floors throughout, & town sewer. So loved & cared for, by the same family for 50 years. Buy a home & inherit a legacy of love! This is Special!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,061 sq ft principal dwelling). Lot size: 45,346 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Park • Walk/Jog Trails • Conservation Area • Highway Access • House of Worship • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 23
Flooring - Wall to Wall Carpet
Dining Room
Lvl First13 x 13
Flooring - Wall to Wall Carpet
Kitchen
Lvl First13 x 23
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Recessed Lighting, Gas Stove, Crown Molding
Family Room
Lvl First14 x 23
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Cable Hookup, Recessed Lighting, Slider, Crown Molding
Master Bedroom
Lvl Second12 x 20
Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet, Closet - Double
Bedroom 2
Lvl Second17 x 17
Bedroom 3
Lvl Second13 x 13
Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second10 x 12
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First5 x 5
Bathroom - Half, Flooring - Stone/Ceramic Tile, Pedestal Sink
Bathroom 2
Lvl Second8 x 10
Bathroom - 3/4, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second6 x 12
Bathroom - 3/4, Flooring - Stone/Ceramic Tile
Listing Agent: Carla Burns
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73573221
