Active
25 Days on market
49 Salem St Andover — Photo 1 of 40

49 Salem St Andover — Photo 1 of 40

$2,699,000

Investment Analysis — 49 Salem St

Andover, MA 01810 — Phillips Academy

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 0.56% cap rate and $15,135/yr in estimated NOI at the $2,699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

5.5

SqFt

5,517

Style

Single Family

Built

1850

Welcome to 49 Salem St where historic character meets modern luxury. The circa-1850 William H. Foster House is a distinguished Federal Colonial set on a beautifully landscaped 1-acre lot abutting the renowned Phillips Academy campus. This remarkable residence offers 5 bedrooms, 4 full and 3 half baths, and 7 fireplaces. The original barn has been transformed into a dramatic family room with fireplace and adjoining game room, creating an ideal setting for entertaining. The expansive kitchen features custom cabinetry, soapstone counters, a 6 burner cooktop, double wall oven, 2 dishwashers, Sub-Zero refrigerator, 2 sinks and a fireside sitting area. The living room opens to a screened porch overlooking the private grounds. Outdoors, enjoy a heated in-ground pool with retractable cover, spa and stone fireplace surrounded by landscaping designed by Laura Bibler. A spectacular 2-story pool house offers living space, kitchenette, full bath and laundry with exciting ADU potential. A 3-car garage completes this exceptional property moments from downtown Andover. Easy access to routes 93 and the commuter rail to Boston.

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 5,517 sq ft principal dwelling). Lot size: 43,560 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$2,699,000
Annual Taxes$20,342

Parking

Garage9
Off-Street11

Interior Specifications

Total Rooms15
Fireplaces7
FlooringTile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Flooring - Hardwood
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Electric Baseboard, Natural Gas, Ductless
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber, Metal
FoundationStone
ZoningSRB

Property & Lot

Acres1
SqFt Lot43,560
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 5
Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

27 x 21

Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Chair Rail, Recessed Lighting, Lighting - Sconce, Crown Molding

Dining Room
Lvl First

18 x 13

Flooring - Hardwood, French Doors, Chair Rail, Crown Molding

Kitchen
Lvl First

20 x 13

Skylight, Beamed Ceilings, Recessed Lighting

Family Room
Lvl First

25 x 15

Cathedral Ceiling(s), Ceiling Fan(s), Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Exterior Access

Primary Bedroom
Lvl Second

16 x 15

Bathroom - Full, Bathroom - Double Vanity/Sink, Cathedral Ceiling(s), Closet - Linen, Walk-In Closet(s), Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second

13 x 12

Bedroom 3
Lvl Second

14 x 13

Bathroom - Half, Fireplace, Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

13 x 11

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

Bedroom 5
Lvl Third

15 x 10

Bathroom - Full, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

7 x 5

Bathroom - Half, Flooring - Hardwood

Bathroom 2
Lvl Second

13 x 11

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Walk-In Closet(s), Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

13 x 8

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Vinyl

Property History

Listed
$2,699,000

Aug 19, 2026

MLS® 73565423

Listed
$2,699,000

Jul 26, 2026

MLS® 73555052

Terminated
$2,699,000

Jul 26, 2026

MLS® 73555052

Terminated
$2,799,000

Jul 17, 2026

MLS® 73487353

Listed
$2,799,000

Mar 16, 2026

MLS® 73487353

Listing Provided By

Listing Agent: The Deborah Lucci Team

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

MLS® Number: 73565423