Active
94 Days on market
48 Reservation Road Andover — Photo 1 of 35

48 Reservation Road Andover — Photo 1 of 35

Recent Drop: $251,000

$2,250,000
$1,999,000

$1,999,000

Investment Analysis — 48 Reservation Road

Andover, MA 01810

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 0.77% cap rate and $15,409/yr in estimated NOI at the $1,999,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

5.5

SqFt

4,838

Style

Single Family

Built

2014

Elegant and impressive yet warm and welcoming. A unique flow lends itself to entertaining or cozy evenings reading by the fire. As you enter the soaring two story foyer you will immediately be impressed by the unique design and quality of build. A home office is privately located just off the foyer. An optional primary en suite bedroom is a few steps down from the main level. The dining room is a dinner host's dream with it's dramatic cathedral ceiling, floor to ceiling windows and stunning chandelier. The family and living rooms are both inviting and architecturally interesting. Last but not least, the kitchen has a thoughtful layout, high end appliances, wine refrigerator and a generously sized pantry. The second floor hosts the main en suite bedroom with a walk in closet. The 3rd and 4th bedrooms have private baths. In the lower level you will find a bonus room, workout room, full bath and an enormous storage area. And the yard! Absolutely gorgeous slate patio with an outdoor kitchen complete with a tankless propane grill, sink, refrigerator, granite countertop and storage drawers. There is an outdoor eating area as well as a sitting area with a stunning outdoor fireplace. A hot tub and storage shed complete the fully fenced in back yard. 2.4 miles from downtown. Generator has been installed.

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 4,838 sq ft principal dwelling). Lot size: 36,590 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.

Open Houses

Property Details

Financials

Original Price$2,250,000
Annual Taxes$20,068

Parking

Garage3
Off-Street9

Interior Specifications

Total Rooms10
Fireplaces2
FlooringCarpet, Hardwood, Flooring - Hardwood, Flooring - Wall to Wall Carpet
BasementPartially Finished

Climate & Utilities

HeatingForced Air, Fireplace
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.84
SqFt Lot36,590
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Dishwasher • Wine Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 3Bedroom 4
First
Dining RoomKitchenFamily RoomBedroom 2
Main
Office
Dining Room
Lvl First

16.6 x 12.1

Vaulted Ceiling(s), Flooring - Hardwood

Kitchen
Lvl First

28.3 x 18.6

Flooring - Hardwood, Dining Area, Pantry, Countertops - Upgraded, Kitchen Island, Stainless Steel Appliances, Wine Chiller

Office
Lvl Main

13.6 x 11.1

Ceiling - Vaulted, Flooring - Hardwood

Family Room
Lvl First

16.1 x 16.9

Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood

Primary Bedroom
Lvl Second

14.11 x 13.4

Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl First

14.11 x 12.2

Bedroom 3
Lvl Second

14 x 13.4

Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

13.11 x 12.1

Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet

Property History

Price Drop
$1,999,000

Was $2,250,000

Sep 8, 2026

MLS® 73534450

Listed
$2,250,000

Jun 11, 2026

MLS® 73534450

Listing Provided By

Listing Agent: Angela Sweeney

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

MLS® Number: 73534450