
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First16 x 15
Flooring - Hardwood, Crown Molding
Dining Room
Lvl First14 x 16
Flooring - Hardwood, Crown Molding
Kitchen
Lvl First28 x 21
Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Stainless Steel Appliances
Office
Lvl First11 x 13
Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors
Family Room
Lvl First16 x 16
Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet
Primary Bedroom
Lvl Second16 x 21
Walk-In Closet(s), Cedar Closet(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second17 x 24
Bedroom 3
Lvl Second12 x 17
Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second14 x 12
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First7 x 5
Bathroom - Half, Flooring - Hardwood
Bathroom 2
Lvl Second14 x 12
Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile, Soaking Tub
Bathroom 3
Lvl Second10 x 9
Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Listing Agent: The Carroll Group
Listing Office: RE/MAX Partners
MLS® Number: 73582605
No longer available to tour








