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4 Chippy Ln Andover — Photo 1 of 42

4 Chippy Ln Andover — Photo 1 of 42

$1,499,900

Investment Analysis — 4 Chippy Ln

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 1.26% cap rate and $18,950/yr in estimated NOI at the $1,499,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

4,268

Style

Single Family

Built

1990

Custom-Built Home on a Cul-de-Sac in South Andover! Ideally located in the sought-after South/Doherty School District, this beautifully maintained home offers a thoughtfully designed floor plan with quality finishes and generous living space. The updated eat-in kitchen features granite countertops, high-end appliances, a center island for casual dining, and a spacious eating area with slider access to the rear deck and patio. The kitchen opens to the adjacent family room, featuring a cathedral ceiling, gas fireplace, and second staircase to the upper level. The formal living and dining rooms provide comfortable spaces for entertaining, with the living room featuring a fireplace and both rooms accented by crown molding. A private home office with French doors and a wall of built-in shelving offers an ideal work-from-home space. A half bath and first-floor laundry complete the main level. Upstairs, four spacious bedrooms and two newly updated baths provide plenty of room for family and guests. The primary suite features a brand-new bath with soaking tub, walk-in glass shower, dual vanities with quartz countertops, and a generous walk-in closet. The finished lower level adds valuable living space with a game room, playroom, full bath, and second family room with built-in cabinetry, offering flexibility for recreation, guests, or additional living needs. Outside, a large deck and patio overlook the private backyard, framed by a beautiful canopy of mature trees. Additional features include a 2-car garage and desirable cul-de-sac setting. A wonderful opportunity to enjoy space, privacy, and modern updates in one of Andover’s most desirable locations.

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 4,268 sq ft principal dwelling). Lot size: 30,000 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

No longer available to tour

Property Details

Financials

Original Price$1,499,900
Annual Taxes$16,527

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms11
Fireplaces3
FlooringTile, Vinyl, Carpet, Hardwood, Flooring - Hardwood, Flooring - Vinyl
BasementFull, Partially Finished, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingCentral, Baseboard, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.69
SqFt Lot30,000
Lot FeaturesCul-De-Sac, Wooded

Amenities & Appliances

Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Golf

Geography

Floorplan Breakdown

Structural Layout

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

16 x 15

Flooring - Hardwood, Crown Molding

Dining Room
Lvl First

14 x 16

Flooring - Hardwood, Crown Molding

Kitchen
Lvl First

28 x 21

Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Stainless Steel Appliances

Office
Lvl First

11 x 13

Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors

Family Room
Lvl First

16 x 16

Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet

Primary Bedroom
Lvl Second

16 x 21

Walk-In Closet(s), Cedar Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

17 x 24

Bedroom 3
Lvl Second

12 x 17

Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

14 x 12

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

7 x 5

Bathroom - Half, Flooring - Hardwood

Bathroom 2
Lvl Second

14 x 12

Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile, Soaking Tub

Bathroom 3
Lvl Second

10 x 9

Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: The Carroll Group

Listing Office: RE/MAX Partners

MLS® Number: 73582605