282 Blue Ridge Rd North Andover — Photo 1 of 42
$1,300,000
Investment Analysis — 282 Blue Ridge Rd
North Andover, MA 01845
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01845 carries an estimated $3,960/mo in gross rent — about a 1.70% cap rate and $22,059/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
4,660
Style
Single Family
Built
1993
Welcome to this classic Colonial, ideally situated in the highly sought-after Newcastle Estates neighborhood. Offering a blend of flexible living space, privacy, and outdoor enjoyment, this home is designed for both everyday living and entertaining. Step inside to an expansive foyer that leads to a spacious kitchen and inviting family room, complete with a large fireplace. A bright sunroom provides additional living space and offers the perfect spot to enjoy the seasons year-round. The first floor also has a dedicated office, bathroom, and formal living room, currently being used as a game room. The lower-level is finished for additional flexibility as a playroom, home gym, or flex space and features a cedar/wine closet. Upstairs, the spacious primary suite offers a true retreat with plenty of room to relax and unwind. Three additional well-sized bedrooms and a full bathroom with laundry complete the second floor. Outside, enjoy your own private backyard oasis with a deck, inground pool, cabana complete with a bathroom and an outdoor shower, ideal for summer gatherings, entertaining, or simply relaxing at home. Set on a large lot in a peaceful, private setting, this home offers a desirable layout, versatile living spaces, and an unbeatable location close to shopping, restaurants, schools, and major highways. With plenty of room to live, entertain, and make it your own, this is the space, privacy, and lifestyle you've been waiting for. SHOWINGS BEGIN AT THE OPEN HOUSE WEDNESDAY 9/16 4:30-6:00
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 4,660 sq ft principal dwelling). Lot size: 57,064 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 • Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20 x 15
Flooring - Hardwood
Dining Room
Lvl First15 x 13
Flooring - Hardwood
Kitchen
Lvl First24 x 13
Flooring - Hardwood, Countertops - Stone/Granite/Solid
Office
Lvl First13 x 11
Flooring - Hardwood
Family Room
Lvl First25 x 16
Flooring - Wall to Wall Carpet
Primary Bedroom
Lvl Second25 x 15
Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Double Vanity
Bedroom 2
Lvl Second17 x 13
Bedroom 3
Lvl Second14 x 11
Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second14 x 11
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First7 x 5
Bathroom - Half
Bathroom 2
Lvl Second11 x 11
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Jacuzzi / Whirlpool Soaking Tub
Bathroom 3
Lvl Second13 x 9
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower
Listing Agent: Sharon Coskren
Listing Office: Leading Edge Real Estate
MLS® Number: 73577261
