Active
45 Days on market
59 Bannan Dr North Andover — Photo 1 of 42

59 Bannan Dr North Andover — Photo 1 of 42

$1,175,000

Investment Analysis — 59 Bannan Dr

North Andover, MA 01845

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01845 carries an estimated $3,960/mo in gross rent — about a 2.31% cap rate and $27,118/yr in estimated NOI at the $1,175,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

3,200

Style

Single Family

Built

1975

Welcome to this exceptional, fully renovated home where timeless design meets modern luxury. Open-concept 3,200 square foot home with two primary suites, four fireplaces (three gas), and a heated inground pool, located at the end of a cul-de-sac. Fully renovated and updated, including additions in 2014 and 2022. Stunning great room with cathedral ceilings, skylights, a contemporary fireplace, French doors, and windows on all sides overlooking the inground pool. Contemporary primary suite with cathedral ceilings, skylights, a three-sided fireplace, large glass walk-in shower, heated marble floors, and two walk-in closets. Additional lower-level ensuite bedroom with a fireplace and separate entrance, ideal for in-laws, an au pair, or long-term guests. Heated three-car garage situated on a private lot, at the end of a cul-de-sac, abutting conservation land. Pool house with TV and two patios overlooking the heated inground pool with LED lighting. Located in the Sargent School District. New furnace (2019), hot water heater (2025), upgraded 200-amp electrical service, 5-zone forced hot water heating, and Andersen 400 & 200 Series windows.

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 3,200 sq ft principal dwelling). Lot size: 24,829 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.

Immersive Experience

Property Details

Financials

Original Price$1,175,000
Annual Taxes$8,997

Parking

Garage3
Off-Street13

Interior Specifications

Total Rooms9
Fireplaces4
FlooringTile, Carpet, Marble, Hardwood, Flooring - Wall to Wall Carpet, Laminate, Flooring - Hardwood
BasementFull, Finished, Walk-Out Access, Interior Entry, Garage Access, Sump Pump

Climate & Utilities

HeatingBaseboard, Natural Gas, Fireplace(s)
CoolingWall Unit(s), Dual
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR3

Property & Lot

Acres0.57
SqFt Lot24,829
Lot FeaturesCul-De-Sac, Easements, Level

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Microwave

Neighborhood

Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenFamily RoomMaster BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Basement
OfficeBedroom 4Bathroom 3
Living Room
Lvl First

16 x 14

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

Dining Room
Lvl First

13 x 12

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Pendant

Kitchen
Lvl First

13 x 12

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded

Office
Lvl Basement

11 x 8

Flooring - Hardwood, Lighting - Overhead

Family Room
Lvl First

19 x 19

Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, French Doors

Master Bedroom
Lvl First

26 x 12

Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box

Bedroom 2
Lvl First

18 x 7

Bedroom 3
Lvl First

10 x 10

Closet, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Basement

18 x 18

Bathroom - Full, Fireplace, Flooring - Wall to Wall Carpet, Slider

Bathroom 1
Lvl First

12 x 7

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

11 x 6

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Fireplace, Skylight, Cathedral Ceiling(s), Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Basement

9 x 6

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

Listing Provided By

Listing Agent: Team Lillian Montalto

Listing Office: Lillian Montalto Signature Properties

MLS® Number: 73556566

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