Andover Condos

Overview

With the banks of the Merrimack River serving as the northwestern boundary of the city and small pockets of green space and ponds scattered throughout the rest of the area, this town has an ample supply of nature mixed with an established and thriving downtown business center. Both Interstate 495 and 93 cross through the area, and the Haverhill/Reading line of the MBTA Commuter Rail has two stops within the city limits. This makes the town highly accessible while helping it to preserve its singular beauty and urban density. The average purchase price for a condo here is $300 per square foot, with typical monthly association fees ranging from $300 to $600. On average, a listing in this area finds a buyer within one to two months of being placed on the market. The housing stock is divided fairly evenly between older units built around 1920 or before, and a fleet of new construction that was completed within the last five years. Mid-century listings also frequently pepper the market.

Our Services

To help buyers and sellers navigate this market, we’ve created a service that provides tailored, up to the minute listings combined with an easy viewing appointment system that significantly reduces the time in finding the ideal property or buyer. Those who wish to buy or list a condo in Andover will benefit from signing up for our service, which is designed to suggest listings based on individual criteria such as the ideal type of property, its location relative to public transit and other cultural amenities, and a budgetary range. We have developed the system after years of receiving feedback from satisfied homeowners. We understand how to list properties in a way that highlights their best features and makes them irresistible to buyers. We also have learned the art of scheduling and keeping in touch without overwhelming our clients with messages. There’s a difference between receiving helpful updates and being barraged with too much information. Our service strikes the right balance, keeping our clients informed without taking up their time.

Inside the Market

As an example, we can help our clients find a vintage property with specific period details thanks to our search parameters. Many of the older properties in town have been fully renovated and now combine the charm of their initial construction with the latest in appliances, fixtures, and finishes. These older units traditionally feature a brick exterior, although in some cases they are stand alone properties located on a large lot either near trees or the waterfront. The interiors are traditionally well lit by banks of windows, and can feature high ceilings and vintage hardwood floors. Wooden cabinets are typical, although in some cases the remodel will replace the opaque doors with glass insets, creating a transparent and visually dynamic display.

The newer units in town are usually grouped in clusters of three to four units on large lots. These groupings can sometimes be designed around a central recreation space or courtyard, such as a enclosed pool or an outdoor landscaped area. In almost all cases, these small clusters of townhouses feature attached garages that can double as storage space. Gabled roofs are a frequent design choice, and main entryways with a sheltered portico are common. The interior floor plan usually features an open plan with very few interior walls for the dining, living, and kitchen areas. The bedrooms are often grouped together on a different floor, although sometimes a central mezzanine or other open space is added to help provide a sense of shared spaciousness among the bedrooms. Master bedroom and bathroom suites are common, especially in units that have more than two floors. Luxurious furnishings, including marble countertops, stainless steel appliances, custom light fixtures, and varnished hardwood floors, are usually provided in newer construction.

In terms of an investment strategy, the city of Andover is on a path to keep adding new facilities and redevelop underused parcels. A number of large corporations and tech companies have moved into the area over the past few years, bringing with them numerous employees and needs for new restaurants, local businesses, and additional housing. Those investors who are wise enough to buy now will likely find their property significantly increasing in value as more companies move into the area. Those who are selling, especially if they have owned property here for years or are providing a new luxurious unit, will also see a considerable return on their initial financial outlay. Many of the units in the city, whether they are residential or commercial, are offering build to suit options, making it easy for future residents to customize their dream property before they even set foot in the door.

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