Active
4 Days on market
15 Sheridan Road Andover — Photo 1 of 42

15 Sheridan Road Andover — Photo 1 of 42

$960,000

Investment Analysis — 15 Sheridan 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 2.41% cap rate and $23,166/yr in estimated NOI at the $960,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,804

Style

Single Family

Built

1961

Welcome to the darling neighborhood of Sheridan Road, perfectly situated in the desirable Bancroft School District in a location convenient for commuting, enjoying Harold Parker State Forest and visiting the acclaimed downtown Andover. This classic Colonial style residence boasts glistening hardwood floors and soft toned walls creating a pleasing backdrop for customization. Attractive granite front steps and marble entry lead to open-concept living and dining rooms connecting to a light-filled, renovated kitchen showcasing white cabinets, tasteful granite counters, subway tiled backsplash and stainless appliances. Kitchen offers a peninsular with ample seating for four as well as a spacious dining area with cozy fireplace suitable for a large table or grouping of conversational chairs. Abundant with windows, the bright and sunny kitchen provides views and easy access to the private backyard which features a brick patio, decorative stonewalls and layered landscaping. Upstairs, beautiful hardwood floors continue into four well-proportioned bedrooms with the main bedroom offering double closets and an ensuite bathroom. Additional full bathroom and extra closets complete the second level. Thoughtfully finished lower level offers fresh and sleek versatile space including a large family room, designated full laundry room, and bonus room ideal for a home office or gym with walkout to backyard. Situated on a generous one acre lot, this property offers expansive outdoor potential. Other notable features include attached, oversized, two-car garage, central air, irrigation system and portable generator. Imagine the possibilities while perusing the included sampling of virtually staged photos for an exciting glimpse as to how a few simple touches can beautifully elevate and personalize this inviting residence!

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 2,804 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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$960,000
Annual Taxes$12,311

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms10
Fireplaces1
FlooringTile, Marble, Hardwood, Flooring - Marble, Flooring - Vinyl
BasementFull, Finished, Walk-Out Access, Interior Entry, Sump Pump

Climate & Utilities

HeatingForced Air, Electric Baseboard, Natural Gas
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRC

Property & Lot

Acres1
SqFt Lot43,560
Lot Features--

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBathroom 1
Basement
Family Room
Living Room
Lvl First

22 x 14

Flooring - Hardwood, Exterior Access, Open Floorplan

Dining Room
Lvl First

13 x 11

Flooring - Hardwood, Lighting - Overhead

Kitchen
Lvl First

26 x 13

Closet, Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Pendant, Crown Molding

Family Room
Lvl Basement

29 x 13

Closet, Flooring - Vinyl, Exterior Access, Recessed Lighting

Primary Bedroom
Lvl Second

15 x 13

Bathroom - Full, Flooring - Hardwood, Closet - Double

Bedroom 2
Lvl Second

13 x 11

Bedroom 3
Lvl Second

16 x 11

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

13 x 11

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

4 x 4

Flooring - Marble, Lighting - Overhead, Pedestal Sink

Bathroom 2
Lvl Second

9 x 4

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 3
Lvl Second

11 x 8

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Listing Provided By

Listing Agent: The Peggy Patenaude Team

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

MLS® Number: 73578616