Active
30 Days on market
10B Colonial Dr #1B Andover — Photo 1 of 25

10B Colonial Dr #1B Andover — Photo 1 of 25

$299,900

Investment Analysis — 10B Colonial Dr #1B

Andover, MA 01810

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a home in 01810 carries an estimated $2,030/mo in gross rent — about a 3.84% cap rate and $11,505/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

--

Baths

1

SqFt

470

Style

Condominium

Built

1973

Enjoy the perfect balance of privacy and convenience in this beautifully maintained, fully furnished first-floor condominium nestled among mature trees and expansive green lawns. With its own private covered entrance and bright, move-in-ready interior, this home offers a unique residential feel rarely found in condominium living. Thoughtfully designed, the studio layout provides exceptional flexibility, allowing the living and sleeping areas to function as either one expansive open space or two distinct areas separated by a stylish curtain divider. Open the divider to maximize the bright, airy feel of the home, or close it to create added privacy and the feel of a separate bedroom. A wall-mounted TV on an extended articulating bracket can be easily adjusted for comfortable viewing from either space. The renovated kitchen features quartz countertops with a stunning waterfall peninsula offering seating for up to three, updated cabinetry with designer black and gold hardware, white appliances, and both above- and under-cabinet lighting. Modern bamboo vinyl plank flooring flows throughout, complemented by recessed lighting, custom blackout shades, and a stylish electric fireplace with adjustable lighting and a custom black wood mantel that adds warmth and character to the home. A custom walk-in closet by Closets by Design offers exceptional storage with built-in shelving and cabinetry, complemented by a second closet for even more storage space. The full bath features a granite-topped vanity and a bath-fitter tub/shower with ample built-in shelving and glass. Residents enjoy exceptional community amenities, including a swimming pool, tennis courts, basketball court, bike storage, dog park, walking paths, abundant green space, and ample guest parking. Easy access to the laundry facility, just steps away. PLENTY of guest and visitor parking that both owners and guests can use for their own vehicles. Even better, the condo fee covers nearly all utilities, with owners responsible only for electric. A wonderful opportunity to enjoy low-maintenance living in a scenic Andover setting close to shopping, dining, and major commuter routes. More than a condominium, this is a turnkey lifestyle offering comfort, convenience, privacy, and outstanding amenities in one of Andover's most desirable communities.

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$299,900
Annual Taxes$2,233
HOA Fee$398

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms2
FireplacesNone
Flooring--
BasementN

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWall Unit(s)
WaterPublic
SewerOther

Building & Exterior

Construction--
Roof--
Foundation--
ZoningAPT

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl First
Bathroom 1
Lvl First
Listing Provided By

Listing Agent: Jeffrey Borstell

Listing Office: J. Borstell Real Estate, Inc.

MLS® Number: 73563073