Attention builders and developers, or rehab loan users! Presenting a rare opportunity at 347 Lowell Street – a property that holds immense potential for your next project. This is the first time this home has ever been on the market, making it a unique chance to acquire a prime piece of real estate in a desirable location. Nestled on an expansive 2+ acre lot, this property offers endless possibilities for redevelopment. Whether you envision constructing a stunning new residence or exploring other development opportunities, the generous lot size provides ample space to bring your vision to life. The existing home, featuring 2 bedrooms and 1.5 bathrooms, spans 1,682 square feet and is in need of significant renovation. However, the true value lies in the land and the potential it offers. The lot's size and location make it an attractive option for those looking to build a custom home. Don't miss out on this exceptional opportunity to transform this lot into something extraordinary.
The median home value in Andover, MA is $805,000. This is higher than the county median home value of $572,900. The national median home value is $338,100. The average price of homes sold in Andover, MA is $805,000. Approximately 78.27% of Andover homes are owned, compared to 17.88% rented, while 3.86% are vacant. Andover real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Andover real estate agent to arrange a tour today!
Andover, Massachusetts has a population of 36,323. Andover is more family-centric than the surrounding county with 42.48% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Andover, Massachusetts is $155,252. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Andover is 42.7 years.
The average high temperature in July is 82.8 degrees, with an average low temperature in January of 17.3 degrees. The average rainfall is approximately 47.6 inches per year, with 51.6 inches of snow per year.