
129 Summer Street Andover — Photo 1 of 37
$1,395,000
Investment Analysis — 129 Summer Street
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01810 carries an estimated $3,530/mo in gross rent — about a 1.25% cap rate and $17,449/yr in estimated NOI at the $1,395,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,486
Style
Single Family
Built
2009
Ideally located near downtown Andover, this custom built three bedroom, 2.5 bath home, completed in 2009, pairs comfort and craftsmanship with room to grow. Beautifully landscaped grounds framed by classic New England stonewalls surround the property, and a covered front porch welcomes you inside. The sunlit, open main level showcases hardwood floors throughout, crown molding and detailed trimwork at every turn. The dramatic living room offers a cathedral ceiling, ceiling fan and a gas log fireplace with a granite surround, while a second floor loft overlooks the space and sliders lead to the back deck and sylvan backyard. The granite and stainless kitchen centers on a large island with seating for four, with custom cabinetry and a six burner dual fuel range, and it flows to a formal dining room with a bay window and elegant crystal chandelier. The first floor primary suite is a true retreat, with a spa like bath featuring a steam shower and double sink vanity, plus a custom walk in closet. A laundry room with abundant cabinetry and granite counters, along with a pantry, makes everyday living effortless. Upstairs, the loft includes a large family room, two spacious bedrooms and a full bath with dual sinks and custom cabinetry. Outside, the back deck with automatic awning overlooks a private yard with a hot tub in the gazebo, a storage shed, and peaceful wooded land abutting the property. A two car garage and parking for eight or more vehicles make entertaining easy, and the 1,400+/- sf walkout basement is ready to be finished for even more living space. A rare combination of location, quality and potential. This one truly must be seen in person.
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 2,486 sq ft principal dwelling). Lot size: 12,414 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 • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First21 x 14
Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, French Doors, Cable Hookup, Exterior Access, Open Floorplan
Dining Room
Lvl First16 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl Main,First21 x 12
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Primary Bedroom
Lvl First14 x 14
Coffered Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Dressing Room, Recessed Lighting
Bedroom 2
Lvl Second14 x 14
Bedroom 3
Lvl Second14 x 14
Ceiling Fan(s), Closet, Flooring - Hardwood, Recessed Lighting
Bathroom 1
Lvl First12 x 9
Bathroom - Full, Bathroom - Double Vanity/Sink, Flooring - Stone/Ceramic Tile, Steam / Sauna
Bathroom 2
Lvl First8 x 5
Bathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second10 x 8
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Closet - Linen
Listing Agent: Michael V. Cannuscio
Listing Office: Sagan Harborside Sotheby's International Realty
MLS® Number: 73579870

