Active
74 Days on market
15 Somerset Drive Andover — Photo 1 of 37

15 Somerset Drive Andover — Photo 1 of 37

Recent Drop: $50,000

$2,989,000
$2,939,000

$2,939,000

Investment Analysis — 15 Somerset Drive

Andover, MA 01810

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 7-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 0.64% cap rate and $18,799/yr in estimated NOI at the $2,939,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

7

Baths

6.5

SqFt

10,633

Style

Single Family

Built

1997

NEW PRICE! Exceptional opportunity in one of Andover’s most desirable locations. This extensively rebuilt and reconfigured contemporary offers exceptional scale, privacy, and flexibility on 1.06 acres abutting 18+ acres of conservation land. Designed for today’s lifestyle, the home features soaring ceilings, oversized windows, generous living and entertaining spaces, and a seamless modern layout throughout. The main level is anchored by a spacious two-tone kitchen with quartz counters, a double-waterfall island, and open flow to dining and living areas. Multiple bedroom suites, tiled baths, flexible bonus rooms, and a private first-floor guest suite provide comfort and versatility. A rare opportunity to enjoy substantial living space, modern design, and a peaceful natural backdrop in one of Andover’s sought-after neighborhoods. Back on market due to previous buyer circumstances unrelated to the property.

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 10,633 sq ft principal dwelling). Lot size: 46,348 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.

Property Details

Financials

Original Price$2,989,000
Annual Taxes$16,678

Parking

Garage4
Off-Street14

Interior Specifications

Total Rooms14
Fireplaces3
FlooringTile, Marble, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Hardwood
BasementFull, Partially Finished, Walk-Out Access, Garage Access, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas, Fireplace
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningSRC

Property & Lot

Acres1.06
SqFt Lot46,348
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Range • Oven • Dishwasher • Microwave • Refrigerator • Freezer • Range Hood

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 4Bedroom 5Bathroom 1
First
Living RoomDining RoomKitchenFamily RoomBedroom 2Bedroom 3Bathroom 2Bathroom 3
Living Room
Lvl First

44 x 28

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

28 x 18

Coffered Ceiling(s), Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl First

22 x 17

Coffered Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Deck - Exterior, Exterior Access, Recessed Lighting, Stainless Steel Appliances

Family Room
Lvl First

18 x 25

Flooring - Hardwood, Window(s) - Bay/Bow/Box, French Doors, Deck - Exterior, Exterior Access, Recessed Lighting

Primary Bedroom
Lvl Second

23 x 45

Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Balcony - Exterior, Dressing Room, Recessed Lighting, Slider

Bedroom 2
Lvl First

18 x 25

Bedroom 3
Lvl First

23 x 16

Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Recessed Lighting

Bedroom 4
Lvl Second

18 x 17

Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 5
Lvl Second

18 x 14

Closet, Flooring - Hardwood, Recessed Lighting

Bathroom 1
Lvl Second

12 x 17

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Recessed Lighting, Soaking Tub

Bathroom 2
Lvl First

11 x 14

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Recessed Lighting, Soaking Tub

Bathroom 3
Lvl First

8 x 7

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

Property History

Price Drop
$2,939,000

Was $2,989,000

Sep 8, 2026

MLS® 73541231

Listed
$2,989,000

Jul 3, 2026

MLS® 73541231

Listing Provided By

Listing Agent: Keegan Smith

Listing Office: Lyv Realty

MLS® Number: 73541231