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1401 Great Pond Road #2 North Andover — Photo 1 of 29

1401 Great Pond Road #2 North Andover — Photo 1 of 29

$319,000

Investment Analysis — 1401 Great Pond Road #2

North Andover, MA 01845

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01845 carries an estimated $2,280/mo in gross rent — about a 3.79% cap rate and $12,081/yr in estimated NOI at the $319,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

783

Style

Condominium

Built

1900

Welcome home to The Colonnade, an 18-unit, pet-friendly community where historic charm, modern updates, and a welcoming neighborhood come together in a picturesque hilltop setting. Tucked away across from Brooks School, this immaculate 1-bedroom, 1-bath condo offers the opportunity to enjoy low-maintenance living in a community rich in character and charm. Step inside to a sunken living room with soaring ceilings and oversized windows that fill the space with natural light. The updated kitchen features white shaker cabinetry, granite countertops, black stainless steel appliances, a breakfast bar for easy mornings and a separate dining area perfect for everyday meals or a home office nook. Freshly painted throughout, this move-in ready home offers a bright, refreshed feel. The bedroom features a loft area offering flexible space for a cozy retreat, guest sleeping or storage. Generous closet space throughout. Enjoy the convenience of your own dedicated exterior entrance, a garage with additional storage just steps away, laundry conveniently located down the hall, and a private outdoor space ideal for morning coffee, evening relaxation, or unwinding with a good book. Life at The Colannade is about more than just the home. You'll enjoy a friendly community and you'll love having the nearby conservation land for so much outdoor fun. Just minutes down the road are restaurants, a gourmet butcher, coffee shops, ice cream & more. Move right in and experience the perfect blend of character, community, and convenience at The Colonnade!

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$319,000
Annual Taxes$3,937
HOA Fee$398

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms3
FireplacesNone
FlooringVinyl
BasementN

Climate & Utilities

HeatingElectric
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningRES

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Shopping • Walk/Jog Trails • Golf • House of Worship • Private School • Public School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomPrimary BedroomBathroom 1
Main,First
Kitchen
Living Room
Lvl First

Ceiling Fan(s), Flooring - Vinyl, Exterior Access, Lighting - Overhead

Kitchen
Lvl Main,First

Flooring - Vinyl, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Peninsula, Lighting - Overhead

Primary Bedroom
Lvl First

Flooring - Vinyl, Closet - Double

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead

Property History

Listed
$319,000

Sep 30, 2026

MLS® 73584308

Sold
$115,000

Sep 21, 2011

MLS® 71245409

Listed
$125,000

Jun 8, 2011

MLS® 71245409

Listing Provided By

Listing Agent: Elizabeth Salamone

Listing Office: Coldwell Banker Realty - Andovers/Readings Regional

MLS® Number: 73584308