Attention builders and developers! 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 a promising piece of property into something extraordinary.
347 Lowell St, Andover, MA, 01810
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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