
55 Lucerne Dr Andover — Photo 1 of 42
$1,375,000
Investment Analysis — 55 Lucerne Dr
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 1.83% cap rate and $25,162/yr in estimated NOI at the $1,375,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
4,121
Style
Single Family
Built
1955
Welcome to this beautifully transformed and expanded Ranch in one of Andover’s most sought-after locations, within the highly desirable Bancroft School District. Thoughtfully designed with an abundance of space, natural light, and versatile living areas, this home offers a unique floor plan that is anything but ordinary. Enter through the impressive cathedral-ceiling foyer, creating a welcoming first impression and providing access to a convenient laundry room and ¾ bath. From the foyer, stairs lead to a spacious living room which takes center stage. Vaulted ceilings, skylights, and an abundance of windows fill the room with natural light, creating a bright and inviting space for relaxing or entertaining. The main level offers three bedrooms and a full bath, providing comfortable one-level living for family and guests. The heart of the home is the well-appointed kitchen, featuring crisp white cabinetry, stainless steel appliances, and a functional layout that opens seamlessly into the dining room. A unique additional bedroom tucked into the finished attic space above the kitchen offers incredible flexibility, ideal for a private guest room, home office, playroom, or retreat. The partially finished lower level expands the living space even further, featuring a comfortable family room and a dedicated theatre room, perfect for movie nights, game days, or entertaining friends and family. Step outside and discover your own private backyard oasis. The expansive patio provides the perfect setting for summer gatherings and outdoor dining, while the sparkling inground pool invites you to relax and enjoy the warmer months. The spacious, fully fenced yard offers plenty of room for play, pets, gardening, or simply enjoying the outdoors in privacy. Ideally located just minutes from downtown Andover, this home offers easy access to the town’s renowned restaurants, shops, cafes, schools, parks, and community amenities. With its exceptional location, flexible floor plan, beautiful outdoor spaces, and thoughtful updates, this expanded Ranch offers a wonderful opportunity to enjoy all that Andover has to offer.
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 4,121 sq ft principal dwelling). Lot size: 18,400 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Golf • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First28 x 27
Flooring - Hardwood, Window(s) - Picture, Crown Molding
Dining Room
Lvl First20 x 16
Flooring - Hardwood
Kitchen
Lvl First20 x 14
Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Lighting - Pendant, Decorative Molding
Family Room
Lvl Basement20 x 23
Flooring - Vinyl, Recessed Lighting
Master Bedroom
Lvl First12 x 14
Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 2
Lvl First11 x 14
Bedroom 3
Lvl First12 x 13
Flooring - Hardwood, Crown Molding
Bathroom 1
Lvl First7 x 10
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl First6 x 6
Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: The Deborah Lucci Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73575643