Active
31 Days on market
378 Salem Street Andover — Photo 1 of 42

378 Salem Street Andover — Photo 1 of 42

$1,749,000

Investment Analysis — 378 Salem Street

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 0.98% cap rate and $17,218/yr in estimated NOI at the $1,749,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

4

SqFt

4,582

Style

Single Family

Built

2022

Welcome to this stunning 4-year-old, 5-bedroom home, beautifully positioned to take advantage of its picturesque water views and serene setting. Thoughtfully designed with exceptional craftsmanship, elegant finishes, and an abundance of living space, this remarkable residence offers the perfect blend of sophistication, comfort, and everyday functionality. From the moment you arrive, the inviting farmers porch welcomes you into a home designed for both gracious entertaining and relaxed living. At the heart of the home is the spectacular eat-in kitchen, featuring an impressive amount of cabinetry, upgraded appliances, a spacious walk-in pantry, and a large center island—perfect for gathering with family and friends. The kitchen flows seamlessly into the stunning fireplaced living room, where the beautiful, coffered ceiling adds architectural character and elegance. A formal dining room provides an ideal setting for memorable meals and special occasions, while the spacious first-floor bedroom with a full bath offers exceptional flexibility for guests, extended family, or comfortable one-level living. Upstairs, the luxurious primary suite offers a private bath and two walk-in closets, creating a peaceful retreat at the end of the day. Two additional bedrooms provide generous space for family and guests, while a spacious family room and separate office offer the perfect balance of work, relaxation, and everyday living. The third floor adds an incredible level of versatility with a generous bonus room, full bath, and fifth bedroom. Whether used as a private guest suite, teen retreat, media room, home gym, or peaceful getaway, this additional living space offers endless possibilities. Outside, take in the beautiful water views from the multiple patios or relax on the welcoming farmers porch. These outdoor spaces create the perfect backdrop for morning coffee, entertaining, summer gatherings, or quiet evenings enjoying the peaceful surroundings. Additional highlights include central air conditioning, a whole-house generator, and an oversized three-car garage offering abundant space for vehicles, storage, and hobbies. With its beautiful water views, exceptional floor plan, spacious and flexible living areas, and impressive attention to detail, this extraordinary Andover home offers a lifestyle that is both elegant and comfortable. Move-in ready and designed for today’s way of living, this is a truly special property you’ll be proud to call home.

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 4,582 sq ft principal dwelling). Lot size: 67,518 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.

Property Details

Financials

Original Price$1,749,000
Annual Taxes$18,259.32

Parking

Garage3
Off-Street11

Interior Specifications

Total Rooms11
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
BasementFull, Partially Finished

Climate & Utilities

HeatingForced Air, Propane
CoolingCentral Air
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRes

Property & Lot

Acres1.55
SqFt Lot67,518
Lot Features--

Amenities & Appliances

Water Heater • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Walk/Jog Trails • Bike Path • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 5
Second
OfficeFamily RoomMaster BedroomBedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBedroom 2Bathroom 1
Living Room
Lvl First

Coffered Ceiling(s), Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

Flooring - Hardwood, Wainscoting, Lighting - Overhead, Crown Molding

Kitchen
Lvl First

Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Overhead, Crown Molding, Tray Ceiling(s)

Office
Lvl Second

Flooring - Hardwood, Lighting - Overhead

Family Room
Lvl Second

Flooring - Wall to Wall Carpet, Recessed Lighting

Master Bedroom
Lvl Second

Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Lighting - Overhead, Closet - Double

Bedroom 2
Lvl First
Bedroom 3
Lvl Second

Walk-In Closet(s), Flooring - Hardwood, Lighting - Overhead

Bedroom 4
Lvl Second

Walk-In Closet(s), Flooring - Hardwood, Lighting - Overhead

Bedroom 5
Lvl Third

Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Lighting - Overhead

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity

Bathroom 3
Lvl Second

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

Listing Provided By

Listing Agent: The Joe & Cindy Team

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73562685