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1 Homestead Circle Andover — Photo 1 of 42

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.

View Standard Listing

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

Original Price$1,195,000
Annual Taxes$14,835

Parking

Garage2
Off-Street7

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Hardwood
BasementFull, Interior Entry, Bulkhead, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres1.04
SqFt Lot45,346
Lot FeaturesCul-De-Sac, Corner Lot, Wooded, Easements

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

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

13 x 23

Flooring - Wall to Wall Carpet

Dining Room
Lvl First

13 x 13

Flooring - Wall to Wall Carpet

Kitchen
Lvl First

13 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 First

14 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 Second

12 x 20

Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet, Closet - Double

Bedroom 2
Lvl Second

17 x 17

Bedroom 3
Lvl Second

13 x 13

Closet, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

10 x 12

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

5 x 5

Bathroom - Half, Flooring - Stone/Ceramic Tile, Pedestal Sink

Bathroom 2
Lvl Second

8 x 10

Bathroom - 3/4, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

6 x 12

Bathroom - 3/4, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Carla Burns

Listing Office: Coldwell Banker Realty - Andovers/Readings Regional

MLS® Number: 73573221