
3 Newman Hill Dr Andover — Photo 1 of 42
Recent Drop: $50,000
$1,899,900
Investment Analysis — 3 Newman Hill Dr
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 5-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 0.74% cap rate and $13,985/yr in estimated NOI at the $1,899,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
7,005
Style
Single Family
Built
1990
Exceptional Custom Colonial! Meticulously maintained and beautifully appointed, this impressive five-bedroom Colonial is nestled on a quiet cul-de-sac in the highly desirable and newly built West Elementary School district! Designed for both elegant entertaining and comfortable everyday living, this home offers exceptional craftsmanship, generous living spaces, and timeless appeal. The main level features a sought-after first-floor primary suite with fireplace, two custom walk-in closets and a spa-like bath with a whirlpool tub. At the heart of the home is a gourmet kitchen appointed with quartz countertops, Wolf 6 burner range, Gaggenau double wall ovens, Sub-Zero refrigerator, abundant cabinetry, and a sun-filled kitchen bay window overlooking the backyard. A dramatic two-story living room with fireplace creates an impressive focal point, while the inviting family room offers custom-built-in shelving and fireplace. Plantation shutters, central air, central vacuum, and a home security system further enhance comfort and convenience. The finished lower level provides 2,500 +/- square feet of additional living space with carpeting, offering endless possibilities for recreation, media, and fitness. A spacious storage room on the bedroom level provides exceptional organization. Outside, enjoy a beautifully enclosed backyard with a storage shed, ideal for outdoor living and play. Additional highlights include a three-car garage, newer roof and heating system, and an exceptional location in a sought-after cul-de-sac neighborhood close to schools, parks, and commuter routes. A rare opportunity to own a thoughtfully designed home offering space, quality, and an outstanding lifestyle in one of Andover's most desirable neighborhoods.
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 7,005 sq ft principal dwelling). Lot size: 30,000 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Oven • Dishwasher • Disposal • Trash Compactor • Range • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 30
Cathedral Ceiling(s), Flooring - Hardwood
Dining Room
Lvl First13 x 14
Vaulted Ceiling(s), Flooring - Hardwood
Kitchen
Lvl First17 x 23
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting
Family Room
Lvl First24 x 19
Closet/Cabinets - Custom Built, Flooring - Hardwood
Primary Bedroom
Lvl First19 x 20
Bathroom - Full, Cathedral Ceiling(s), Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second16 x 17
Bedroom 3
Lvl Second15 x 16
Flooring - Hardwood
Bedroom 4
Lvl Second15 x 16
Flooring - Hardwood
Bedroom 5
Lvl Second14 x 12
Flooring - Hardwood
Bathroom 1
Lvl First4 x 7
Bathroom - Half, Flooring - Hardwood
Bathroom 2
Lvl First19 x 11
Bathroom - Full, Skylight, Closet - Linen, Flooring - Stone/Ceramic Tile, Hot Tub / Spa
Bathroom 3
Lvl Second9 x 9
Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Property History
$1,899,900
Was $1,949,900
Aug 24, 2026
MLS® 73560103
$1,949,900
Aug 6, 2026
MLS® 73560103
Listing Agent: The Carroll Group
Listing Office: RE/MAX Partners
MLS® Number: 73560103