8 Penobscot Way Andover, MA 01810
Estimated payment $4,435/month
Highlights
- Scenic Views
- Waterfront
- No HOA
- South Elementary School Rated A
- Property is near public transit
- Jogging Path
About This Lot
Outstanding opportunity for builders and developers to acquire a prime 29,055 sq ft lot in one of Andover’s most desirable neighborhoods. Located on a cul-de-sac with direct access to walking trails & views of Field Pond, this wooded site offers both privacy & marketable lifestyle appeal. Gently sloping terrain offers design flexibility & possible walkout. TITLE V APPROVED w/ a 4-bedroom septic system design on file. The existing 1-bedroom, 1.5-bath structure, built in 1970, is ready for teardown, clearing the way for a high-end new construction project. Conveniently located just minutes from I-93 via Route 125, this property is ideal for commuters & offers strong resale potential in a sought-after area. Town water & natural gas are onsite, reducing development costs & complexity. All permitting & approvals to be secured by the buyer. Rarely does a lot of this quality & location become available so bring your plans & capitalize on a high-demand neighborhood w/ strong upside potential.
Property Details
Property Type
- Land
Est. Annual Taxes
- $10,135
Lot Details
- 0.67 Acre Lot
- Waterfront
- Property fronts an easement
- Near Conservation Area
- Cul-De-Sac
- Gentle Sloping Lot
- Property is zoned SRC
Property Views
- Pond
- Scenic Vista
Location
- Property is near public transit
- Property is near schools
Schools
- Bancroft Elementary School
- Doherty Middle School
- AHS High School
Utilities
- Electricity To Lot Line
- Private Sewer
Listing and Financial Details
- Tax Block 00004
- Assessor Parcel Number 1838291
Community Details
Overview
- No Home Owners Association
Recreation
- Jogging Path
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $9,782 | $759,500 | $528,500 | $231,000 |
| 2023 | $9,339 | $683,700 | $475,900 | $207,800 |
| 2022 | $8,737 | $598,400 | $414,000 | $184,400 |
| 2021 | $8,336 | $545,200 | $376,400 | $168,800 |
| 2020 | $8,012 | $533,800 | $367,300 | $166,500 |
| 2019 | $7,620 | $499,000 | $335,600 | $163,400 |
| 2018 | $7,410 | $473,800 | $322,600 | $151,200 |
| 2017 | $7,097 | $467,500 | $316,400 | $151,100 |
| 2016 | $6,948 | $468,800 | $316,400 | $152,400 |
| 2015 | $6,717 | $448,700 | $304,200 | $144,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $650,000 | -18.7% | -- |
| 07/09/2025 07/09/25 | For Sale | $799,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | $172,000 | -- | |
| Deed | $172,000 | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73401931
APN: ANDO-000050-000004
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