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303 Chestnut St North Andover — Photo 1 of 42

303 Chestnut St North Andover — Photo 1 of 42

$1,450,000

Investment Analysis — 303 Chestnut St

North Andover, MA 01845 — Old Center

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 $24,699/yr in estimated NOI at the $1,450,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

3,497

Style

Single Family

Built

2024

Set on a corner lot framed by natural stone walls, this custom built home pairs the character and craftsmanship of a classic Colonial with the ease and efficiency of new construction. From the 12-over-12 windows to the cobblestone walk illuminated by a granite post, every detail is thoughtfully considered. A bright foyer with tile flooring and a brass-capped newel post welcomes you inside, while French doors open to a spacious dining room accented by custom millwork. The kitchen is timelessly elegant, featuring Dacora inset cabinetry, quartz countertops and a full-slab quartz backsplash. A commercial grade ILVE dual fuel range and brass pot filler elevate both form and function. Just beyond, a tiled entryway from the 3 car attached garage creates an informal mudroom with double closets, a must for New England winters. An informal dining area, anchored by a box bay window fills with natural light and flows seamlessly into the family room, where a gas fireplace and deck access invite relaxed everyday living.Upstairs, the primary suite is a true sanctuary with dual walk in closets and a beautifully appointed bath with a soaking tub and custom tiled shower. An adjacent unfinished room offers flexibility for a future home office, nursery, dressing room or ultimate walk in closet. Three additional bedrooms, a full bath with double vanity and a gorgeous laundry room complete the second floor. The walk up attic offers approximately 1,400 square feet of unfinished potential, ready to become additional living space, a home gym, or playroom. Ideally located in the desirable Old Center, minutes from the Town Common and Drummond Park, this exceptional home delivers the best of both worlds: timeless Colonial character, sophisticated finishes and the comfort of new construction.

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 3,497 sq ft principal dwelling). Lot size: 31,198 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

Original Price$1,450,000
Annual Taxes$11,416

Parking

Garage3
Off-Street11

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Hardwood
BasementFull, Bulkhead, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR3

Property & Lot

Acres0.72
SqFt Lot31,198
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Trash Compactor • Microwave • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Highway Access

Geography

Floorplan Breakdown

Structural Layout

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

18.583333333 x 14.333333333

Ceiling Fan(s), Flooring - Hardwood, French Doors, Open Floorplan, Crown Molding

Dining Room
Lvl First

18.666666666 x 14.416666666

Flooring - Hardwood, French Doors, Chair Rail, Open Floorplan, Lighting - Overhead, Crown Molding, Decorative Molding

Kitchen
Lvl First

21.333333333 x 18.166666666

Closet/Cabinets - Custom Built, Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Pot Filler Faucet, Lighting - Pendant, Beadboard, Crown Molding, Closet - Double

Family Room
Lvl First

16.25 x 16.75

Ceiling Fan(s), Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting, Crown Molding

Primary Bedroom
Lvl Second

18.666666666 x 18.416666666

Bathroom - Full, Bathroom - Double Vanity/Sink, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Closet - Double

Bedroom 2
Lvl Second

16.333333333 x 14.166666666

Bedroom 3
Lvl Second

16.333333333 x 14.333333333

Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Crown Molding

Bedroom 4
Lvl Second

13.25 x 13.583333333

Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead, Crown Molding

Bathroom 1
Lvl First

4.916666666 x 9.5

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Lighting - Sconce

Bathroom 2
Lvl Second

8.666666666 x 10.25

Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Double Vanity, Lighting - Sconce

Bathroom 3
Lvl Second

11.25 x 10.166666666

Bathroom - Full, Bathroom - Tiled With Shower Stall, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Double Vanity, Lighting - Sconce, Soaking Tub

Listing Provided By

Listing Agent: Melissa Silva

Listing Office: RE/MAX 360

MLS® Number: 73577750