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22 Days on market
1 Powder Mill Square #107 Andover — Photo 1 of 29

1 Powder Mill Square #107 Andover — Photo 1 of 29

$599,900

Investment Analysis — 1 Powder Mill Square #107

Andover, MA 01810 — In Town

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01810 carries an estimated $2,940/mo in gross rent — about a 1.88% cap rate and $11,304/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,362

Style

Condominium

Built

2004

Stylish, sun-filled condo in the Heart of Andover! The comfort and convenience can't be beat. An elevator building, open concept floor plan with 10 foot high ceilings, new walnut luxury vinyl planking, and oversized windows that fill this home with natural light. Recessed lighting in the high ceilings flow throughout the unit. The kitchen has beautiful granite countertops with plenty of work space and breakfast bar, young stainless appliances, compliment the ample storage space the cabinets provide. Open to the dining and living room areas, the cook is always part of the fun. The main bedroom ensuite has a generous walk-in closet, and a spacious bathroom with a large walk-in shower. The second bedroom is on the other end of the condo offering added privacy. Second bedroom has a spacious closet and the guest bathroom - a full bath just across the hall. Freshly painted. The hot water heater has a moisture alarm to protect against a leak. The foyer welcomes you with a large coat closet. Benefit from the $50,000 in upgrades seller has made in past few years. Enjoy the brand new heating and A/C unit, the new rich walnut colored easy care luxury vinyl planking, and bathroom updates. One deeded parking space inside the garage near the elevator, and plenty of outside visitor parking for second car. Pets allowed with restrictions. 2 dogs under 35 lbs. larger Dog requires trustee approval. This condo is ideally located. It faces into the courtyard. No traffic noise from nearby Main St, and an expansive view overlooking the courtyard. Sunsets are very pretty. Gym with new equipment in Bldg 4. Responsive professional association management. Close to the center of town, the commuter train, both Whole Foods & Stop ‘n Shop, the post office, many restaurants, banks, churches and Memorial Hall Library. This home makes it easy to enjoy the Andover lifestyle just minutes from your front door.

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.

Property Details

Financials

Original Price$599,900
Annual Taxes$7,457
HOA Fee$670.95

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms5
FireplacesNone
Flooring--
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas, Unit Control
CoolingCentral Air, Unit Control
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofShingle
Foundation--
ZoningMU

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Highway Access • House of Worship • T-Station

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl First

20 x 12

Flooring - Vinyl, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

15 x 14

Flooring - Vinyl, Open Floorplan, Recessed Lighting

Kitchen
Lvl First

13 x 8

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Stainless Steel Appliances, Lighting - Pendant

Master Bedroom
Lvl First

19 x 14

Bathroom - 3/4, Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl First

12 x 11

Bathroom 1
Lvl First

11 x 6

Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Ceiling Fan(s)

Bathroom 2
Lvl First

9 x 5

Bathroom - Full, Bathroom - With Tub, Ceiling Fan(s), Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: The Carroll Group

Listing Office: RE/MAX Partners

MLS® Number: 73558684