NOT LISTED FOR SALE
13 Beds
10 Baths
11,159 Sq Ft
1.98 Acre Lot

Sale Details

Date Sold: March 31, 2022

Last sale price $2,714,285 $243 Per Sq Ft

10 Days on Market

Highlights

  • Medical Services
  • 1.98 Acre Lot
  • Property is near golf course, public transit, and schools
  • South Elementary School Rated A
  • Deck
  • Wooded Lot

About This Home

As of March 2022

Take advantage of this Amazing and Rare investment opportunity to own the Lincolnshire, a stunning ten unit, multi-family Victorian mansion in the sought after Phillips Academy area. This fantastic investment property or condo conversion is situated on 2 acres of land in one of the most prestigious neighborhoods in Andover. Marvel at this property's period architectural design details including its beautiful millwork and expansive vaulted foyer which boasts a brick fireplaced seating area complemented by a period tile floor. This spacious home's charm and original character continues throughout the property with beautiful moldings, hardwood floors, high ceilings, elegant chandeliers and ornate fireplaces. It's located within walking distance to all of the fabulous shops, restaurants and parks that down-town Andover has to offer. Enjoy Andover's Hiking Trails and Pomps Pond for seasonal fun! Andover offers a terrific school system and easy access to the Commuter Rail/RTE's 93 and 495.

Last Agent to Sell the Property

Sherri DiBarri

Hancock Realty Group LLC License #456016451 Listed on: 11/28/2021

Last Buyer's Agent

Sherri DiBarri

Hancock Realty Group LLC License #456016451 Listed on: 11/28/2021

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,361

Year Built

  • Built in 1898

Lot Details

  • 1.98 Acre Lot
  • Stone Wall
  • Level Lot
  • Wooded Lot
  • Garden

Home Design

  • Stone Foundation
  • Shingle Roof
  • Stone

Interior Spaces

  • 11,159 Sq Ft Home
  • Crown Molding
  • 9 Fireplaces
  • Wood Burning Fireplace
  • Storage

Kitchen

  • Range
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 10 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 25 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Location

  • Property is near golf course, public transit, and schools

Schools

  • Bancroft Elementary School
  • Doherty Middle School
  • Andover High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Total Actual Rent $14,225
  • Assessor Parcel Number M:00078 B:00005 L:00000,1840351

Community Details

Overview

  • 10 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,361

Year Built

Built in 1898

Lot Details

1.98 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Side by Side
  • Year Built: 1898
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Wood,Tile,Varies Per Unit, Hardwood Floors, Wood Flooring
  • Interior Amenities: Storage, Crown Molding, Stone/Granite/Solid Counters, High Speed Internet Hookup, Internet Available - Broadband, Internet Available - Fiber-Optic, Other (See Remarks)
  • Fireplace Features: Wood Burning
  • Fireplace YN: Yes
  • Fireplaces: 9
  • Appliances: Range, Refrigerator, Gas Water Heater
  • Total Bedrooms: 13
  • Full Bathrooms: 10
  • Total Bathrooms: 10
  • Laundry Features: Laundry Room, Washer & Dryer Hookup
  • Basement: Full, Walk-Out Access, Interior Entry
  • Living Area: 11159
  • Stories Total: 5
  • Window Features: Picture Window
  • MAIN LO: AN1124
  • MAIN SO: AN1124

Exterior Features

  • Exterior Features: Garden, Stone Wall, Balcony/Deck
  • Construction Materials: Stone
  • Foundation Details: Stone
  • Patio And Porch Features: Porch, Deck - Wood, Covered
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 25

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School

Lot Info

  • Parcel Number: M:00078 B:00005 L:00000,1840351
  • Zoning: SRB
  • Farm Land Area Units: Square Feet
  • Lot Features: Wooded, Level
  • Lot Size Acres: 1.98
  • Lot Size Sq Ft: 86248.8
  • Lot Size Units: Acres
  • LOT SIZE: 86249

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 31361

Multi Family

  • Number Of Units Total: 10
  • Total Actual Rent: 14225
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y

MLS Schools

  • High School: Andover Hs
  • Elementary School: Bancroft
  • Middle Or Junior School: Doherty

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2021
Closed on
Mar 31, 2022
Sold by
Bought by
Seller's Agent
Sherri DiBarri
Hancock Realty Group LLC
Buyer's Agent
Sherri DiBarri
Hancock Realty Group LLC
List Price
$4,300,000
Sold Price
$2,714,285
Premium/Discount to List
-$1,585,715
-36.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Outstanding Balance
$1,746,175
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,714,286 None Available
$18,000,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,900,000
Previous Owner $750,000
Previous Owner $14,400,000
Previous Owner $1,800,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $2,714,285 -36.9% $243 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
11/28/2021 11/28/21 For Sale $4,300,000 -- $385 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $33,065 $2,647,300 $900,000 $1,747,300
2024 $32,704 $2,539,100 $812,500 $1,726,600
2023 $34,614 $2,534,000 $812,500 $1,721,500
2022 $29,946 $2,051,100 $650,000 $1,401,100
2021 $31,361 $2,051,100 $650,000 $1,401,100
2020 $30,787 $2,051,100 $650,000 $1,401,100
2019 $28,986 $1,898,200 $600,000 $1,298,200
2018 $28,010 $1,790,900 $600,000 $1,190,900
2017 $26,410 $1,739,800 $600,000 $1,139,800
2016 $22,999 $1,551,900 $545,500 $1,006,400
2015 $20,006 $1,336,400 $330,000 $1,006,400
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72923174

MLS Property Information Network (MLS PIN)
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