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361-363 N Main St, Andover (Shawsheen Village), MA, 01810 | $1,990,000
363 N Main is one half of a 3 unit multi family. This 'SF listing' is intended for anyone interested in a 3 story, 3br SF, 2200sf residence that also generates $5100 month in rental income from 2 additional units at 361 N Main. This home, in the heart of Shawsheen Village is move in ready after numerous upgrades and renovations over the last 2 years. Hardwood floors throughout, 2 fireplaces, 2 spacious fenced backyards, a 2 car garage, 4 assigned parking spaces and easy access to Route 495, Route 93, and downtown Andover. This classic 2-story Dutch Colonial Gambrel blends character with modern improvements, making it an attractive opportunity for both investors and owner-occupants. With limited inventory in the area, this property stands out as a rare offering. Ideal for those seeking strong cash flow, long-term appreciation, or a live-in investment opportunity.
Features
- Town: Andover
- Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
- Rooms: 18
- Bedrooms: 7
- Baths: 5 full
- Laundry: First Floor, Electric Dryer Hookup, Washer Hookup
- Style: Colonial
- Year Built: 1917
- Garage: 2-car Detached
- Basement: Full, Finished, Interior Entry, Sump Pump
- Approx Sq. Feet: 4,200
- Acreage: 0.44
- Est. Taxes: $15,739
- Appliances: Gas Water Heater, Range, Oven, Microwave, Refrigerator, Freezer, Washer, Dryer, Washer/Dryer
- MLS#: 73498005
- Website: https://www.raveis.com
/eprop/73498005/361363nmainst_andover_ma?source=qrflyer
Listing by Henry Gourdeau courtesy of Gibson Sotheby's International Realty
Room Information
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 2 | Closet, Flooring - Hardwood, Lighting - Overhead | 13.0 x 14.0 | Second |
| Bedroom 3 | Closet, Flooring - Hardwood, Lighting - Overhead | 12.0 x 10.0 | Second |
| Bedroom 4 | Closet, Flooring - Laminate, Lighting - Overhead | 21.0 x 12.0 | Basement |
| Dining Room | Flooring - Hardwood, Crown Molding | 13.0 x 12.0 | First |
| Kitchen | Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Remodeled, Gas Stove, Lighting - Overhead | 12.0 x 11.0 | First |
| Living Room | Flooring - Hardwood, Exterior Access, Crown Molding | 13.0 x 24.0 | Main,First |
| Master Bedroom | Closet, Flooring - Hardwood, Lighting - Overhead | 13.0 x 17.0 | Second |
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 38342
978.314.1072
Joanne.OKeefe@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
361-363 N Main St, Andover (Shawsheen Village), MA, 01810
$1,990,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Joanne O'Keefe
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,592,000 | $1,592,000 | $1,592,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.689% |
| Monthly Tax Payment | $1,312 | $1,312 | $1,312 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,668 | $9,417 | $13,114 |
| Total Monthly Payment | $10,105 | $10,854 | $14,551 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630