150 Salem St, Andover, MA, 01810 | $1,999,000

This new construction colonial is in a prime location within a mile of Phillips Academy and Bancroft Elementary, and just two miles from downtown Andover. Rich, designer finishes and abundant natural light fill the over-sized rooms and open spaces. It has six bedrooms, a gigantic family room (w/ coffered ceiling) and two primary suites including one on the first floor. Two of the bedrooms are located in a wing of the house which may be perfect for a home office or in-law apartment. The gourmet, high-end kitchen boasts stainless steel appliances and quartz countertops. The floors are maple hardwood and most rooms have 8 or 9 foot ceilings. Off the walkout finished lower level is a three car garage and all three bays have electric vehicle 220V plugs. This home offers everything you would expect from luxury new construction and is ready for the electrical needs of the years to come.

Features

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Rooms: 12
  • Bedrooms: 6
  • Baths: 4 full / 1 half
  • Laundry: Dryer Hookup - Electric, Washer Hookup, Electric Dryer Hookup
  • Style: Colonial
  • Year Built: 2024
  • Garage: 3-car Attached
  • Basement: Partially Finished, Walk-Out Access, Interior Entry, Garage Access
  • Approx Sq. Feet: 5,177
  • Acreage: 0.7
  • Est. Taxes: $0
  • Appliances: Electric Water Heater, Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Range Hood, Plumbed For Ice Maker
  • MLS#: 73326073
  • Website: https://www.raveis.com
    /eprop/73326073/150salemst_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.
Listing by The Carroll Group courtesy of RE/MAX Partners   Phone: 978-475-2100

Room Information

Type DescriptionDimensionsLevel
Bedroom 2 Walk-In Closet(s), Flooring - Hardwood17.0 x 20.0Second
Bedroom 3 Walk-In Closet(s), Flooring - Hardwood, Attic Access15.0 x 16.0Second
Bedroom 4 Closet, Flooring - Hardwood10.0 x 12.0Second
Dining Room Flooring - Hardwood12.0 x 19.0First
Kitchen Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances16.0 x 17.0First
Master Bedroom Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Balcony / Deck16.0 x 17.0Main,First

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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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
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

150 Salem St, Andover, MA, 01810

$1,999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@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 $1,599,200 $1,599,200 $1,599,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.697% 6.597% 6.158%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,333 $10,108 $13,495
Total Monthly Payment $9,458 $10,233 $13,620

* 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.