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27 Algonquin Ave Andover — Photo 1 of 42

27 Algonquin Ave Andover — Photo 1 of 42

$1,099,000

Investment Analysis — 27 Algonquin Ave

Andover, MA 01810

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01810 carries an estimated $3,530/mo in gross rent — about a 1.69% cap rate and $18,589/yr in estimated NOI at the $1,099,000 list price. Adjust every assumption in the calculator below.

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Beds

3

Baths

3

SqFt

2,808

Style

Single Family

Built

1976

Classic Andover ranch in the prestigious Indian Ridge Country Club neighborhood! Available for the first time in 37 years, this beautifully maintained home combines comfortable living with exceptional flexibility. It offers a wonderful single-level floor plan with 3 first-floor bedrooms and 2 full baths. The heart of the home is the inviting family room, featuring an impressive 11-foot cathedral ceiling, two skylights, and a floor-to-ceiling wood-burning fireplace. The family room opens directly to the chef’s kitchen, creating a warm and welcoming space for everyday living and entertaining. The kitchen features stainless steel Thermador appliances, updated cabinetry, and an expansive 8' x 5' quartz center island. The finished lower level adds valuable living space with two large, flexible rooms and another full bath. Perfect for a playroom, home office, guest bedroom, exercise space, or whatever best suits your needs, this level offers tremendous versatility. At the rear of the home, a shaded three-season porch provides a peaceful spot to relax and leads to a spacious patio, ideal for outdoor entertaining and enjoying the surrounding setting. For those interested in membership, a short walking path provides convenient access to the Indian Ridge Country Club parking lot. A rare opportunity to own a well-loved Andover home in an exceptional location, with a flexible floor plan, beautifully appointed kitchen, inviting outdoor spaces, and easy access to one of Andover’s premier country club communities.

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 2,808 sq ft principal dwelling). Lot size: 36,917 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.

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Property Details

Financials

Original Price$1,099,000
Annual Taxes$13,605

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Vinyl, Carpet, Hardwood, Flooring - Stone/Ceramic Tile
BasementPartially Finished, Walk-Out Access, Interior Entry, Garage Access, Concrete

Climate & Utilities

HeatingCentral, Baseboard, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.85
SqFt Lot36,917
Lot FeaturesWooded, Other

Amenities & Appliances

Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Freezer • Washer • Dryer • Water Treatment • Range Hood

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenFamily RoomMaster BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Basement
OfficeBathroom 3
Living Room
Lvl First

21 x 14

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Pocket Door

Dining Room
Lvl First

8 x 14

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Kitchen
Lvl First

16 x 14

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting

Office
Lvl Basement

22 x 12

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting, Closet - Double

Family Room
Lvl First

25 x 12

Skylight, Cathedral Ceiling(s), Flooring - Hardwood, Lighting - Overhead

Master Bedroom
Lvl First

23 x 14

Bathroom - Full, Closet, Flooring - Hardwood, Dressing Room, Closet - Double

Bedroom 2
Lvl First

14 x 11

Bedroom 3
Lvl First

14 x 11

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

10 x 6

Bathroom - With Shower Stall, Closet - Linen, Flooring - Vinyl

Bathroom 2
Lvl First

9 x 7

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting

Bathroom 3
Lvl Basement

8 x 7

Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: The Carroll Group

Listing Office: RE/MAX Partners

MLS® Number: 73573466