150 Salem St, Andover, MA, 01810 | $2,099,999

Price Adjustment! Move-in ready, architect-designed, new construction at 150 Salem Street, Andover! Thoughtfully crafted for sustainability and modern living. Located just 1 mile from Historic Phillips Academy and Bancroft with easy access to Routes 125 and 93, this 5, 100 sq. ft. eco-friendly residence offers a state of the art Mitsubishi heat pump system for efficient heating and cooling, enhanced by ductless units. The gourmet kitchen features a Bosch appliance package, including an induction range. Wrapped in durable James Hardie siding, the home boasts a first-floor primary suite and a nearly identical second-floor main bedroom, each with en-suite baths. The second level also includes two bedrooms with a sitting area, while above the kitchen, there are two more bedrooms and a full bath—ideal for guests, or an in-law/au-pair setup with office space. A three-car garage with 220V electric vehicle plugs and solar capability completes this exceptional property.

Features

  • Rooms: 17
  • Bedrooms: 6
  • Baths: 4 full / 1 half
  • Laundry: Electric Dryer Hookup, Washer Hookup, First Floor
  • Style: Colonial
  • Year Built: 2024
  • Garage: 3-car Attached
  • Heating: Central, Forced Air, Heat Pump, Electric, Ductless
  • Cooling: Central Air, Heat Pump, Ductless
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Garage Access
  • Approx Sq. Feet: 5,177
  • Acreage: 0.7
  • Est. Taxes: $0
  • Lot Desc: Gentle Sloping
  • Appliances: Electric Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Range Hood
  • MLS#: 73302793
  • Buyer Broker Compensation: 1.00%
  • Website: https://www.raveis.com
    /mls/73302793/150salemst_andover_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Room Information

Type DescriptionDimensionsLevel
Bedroom 2 Bathroom - 3/4, Walk-In Closet(s), Flooring - Wood19.0 x 25.0Second
Bedroom 3 Closet, Flooring - Wood15.0 x 16.0Second
Bedroom 4 Closet, Flooring - Wood16.0 x 19.0Second
Dining Room Flooring - Wood12.0 x 19.0First
Kitchen Flooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded16.0 x 17.0First
Master Bedroom Walk-In Closet(s), Flooring - Hardwood, Cable Hookup, Deck - Exterior17.0 x 16.0Main,First

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

John SullivanREALTOR

508.633.0588

John.Sullivan@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 38342

978.314.1072

Joanne.OKeefe@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance

978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

150 Salem St, Andover, MA, 01810

$2,099,999

John Sullivan

REALTOR

William Raveis Real Estate

Phone: 508.633.0588

John.Sullivan@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,679,999 $1,679,999 $1,679,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.723% 6.284%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,938 $10,757 $14,290
Total Monthly Payment $10,063 $10,882 $14,415

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.