SOLD

SALE PRICE

$385,000

 

Lot for sale North Andover MA. Buildable 1.04 Acre lot in North Andover! This rare buildable lot is located in a quiet location amongst many handsome single family homes with many newly constructed homes over the past few years. 150 feet of street frontage. This lot is level with a slope at the rear of the property and wooded with easy access to RT 125 and then to I93.

This location is convenient for recreational hiking, biking and fishing at the Harold Parker State Forest or simply a refreshing walk through the woods. The Town of North Andover has this property zoned as Residence 2 with electric and water at the street. Why buy used when you have the opportunity to build new! Don’t miss the opportunity to build your dream home. Buyers and buyers agents to do their own due diligence as information gathered has come from third parties.

TYPE of PROPERTY LAND / LOT ID: 107.D-0051-0000.0
ACRES 1.04 ZONED R2

 

Town of North Andover MA MAP GEO

 

Lot for sale North Andover MA

150 Feet of street frontage

Lot for sale North Andover MA

Town of North Andover MA wetlands map

 

North Andover Property Card

 

Boston Street Walk through video

 

 

 

First time buyer tips. Doing something for the first time is always a challenge. The same goes for buying your first home (or helping someone you know with their first home purchase). Today, that can be even more challenging, with competition from more buyers for fewer homes. Here’s how to succeed in making homeownership a reality.

Find out your credit score. Go to annualcreditreport.com, the only source for free credit reports authorized by federal law. You can now get one free report weekly from each of the three major credit bureaus. Lenders use this score to determine your viability as a borrower. Here’s more information if you need to improve your credit score.

Calculate your DTI. Your DTI (debt-to-income ratio) is also important when applying for a mortgage. It shows the percent of your income that’s used to pay your bills. Divide your monthly debts by your monthly income. For example, if you make $6,000 per month and have $2,700 in monthly debts, that’s a DTI of 45%.

Familiarize yourself with mortgage terminology. The mortgage lending process uses some special terms that will be unfamiliar to newcomers. Here are the definitions of the key mortgagefirst time buyer tips terms you may come across, provided by the federal government’s Consumer Financial Protection Bureau.

Learn about different loan options. We’re happy to talk to you about the various loan options available. You can get a head start on the conversation by looking at some background information. Here’s more on loan options from the Consumer Financial Protection Bureau.

Don’t forget closing costs. In addition to the cost of the home, there are charges involved with the buying process—items such as an appraisal, home inspection, credit reporting, title work, origination fees, and more. Closing costs are typically about 3% to 6% of the purchase price. You can either plan to pay these costs, or finance them as part of the mortgage.

First time buyer tips

Save what you need for a down payment. While a 20% down payment isn’t required to buy a home, if you put down less, you might have to pay for private mortgage insurance (PMI). Depending on your circumstances, you could qualify for a loan with lower down payment options like: a fixed-rate conventional loan; an FHA loan; a VA loan for active military and veterans; a USDA loan with programs for people who live in rural areas who meet certain income qualifications. A lender can help research these loans, as well as first-time homebuyer programs from Fannie Mae, Freddie Mac, and government resources. These can help with a down payment or give you additional low down payment options.

HOW FIRST-TIME HOMEBUYERS CAN SUCCEED

Tibbetts real estate buyer tips

Experienced representation

Think about how to make a competitive offer. You should absolutely show credit worthiness and your mortgage pre-approval with your offer. Additionally working with an experienced real estate broker or agent is key when forming your offer to purchase. An experienced broker can guide you through the paperwork, current market situation and the nuances of making an offer. When it comes time to bid on a property, you can include or remove items in your offer to purchase that strengthen your position as a buyer.

Tour and find your new home by attending an Andover MA open house.

 

 

What is an Andover MA open house?

An open house is an event during which potential buyers can tour a home that’s on the market. It’s usually hosted by the seller’s listing agent, or by the seller themselves, in case of a for-sale-by-owner (FSBO) listing. Open houses usually take place on weekends, during a set range of hours — typically midday.

Open house benefits for buyers

No scheduling required: Unlike a private showing, you don’t need to set up a specific appointment to see a home. Simply show up during the open house hours and view the home at your own pace.

Scope out the competition: If you’re interested in a home, attending the open house can help you gauge interest from other buyers. This can be helpful when determining how quickly you need to submit an offer and how much you should offer.

All Andover MA homes for sale.

Understand current home values: Seeing what homes are selling for in your area and what you can buy at a particular price point can be helpful if you’re just starting your search.

Redefine your nonnegotiable home features: Checking out homes in person can help you redefine your list of must-haves: Do you really need that extra bedroom? What does a backyard of this size really look like?

How do open Andover MA open house work?

Not every seller or listing agent will hold one, but here’s the typical process for sellers setting up an open house:

The seller and their agent determine a day and time for the open house.
The agent lists the open house on the local MLS.
The agent advertises the open house on social media, online and with print ads or flyers.
The agent prepares for the open house — purchasing refreshments, printing flyers, setting up signs and adding little touches to make the home feel welcoming to buyers. (Yes, as a shopper, you can eat the cookies.)
The agent hosts the event, greeting buyers and answering questions about the property and community.
Buyers remove their shoes, tour the home, take pictures and video (if allowed) and jot down important notes.
Any buyer who liked the house will contact their own agent. They’ll then set up a private showing to see the home again or they’ll submit an offer right away — the latter is common in fast-moving real estate markets.

All Andover MA condominiums for sale

Who hosts an open house?

The person hosting an open house could be any one of the following:

Listing agent: As the person hired to sell the home, the listing agent should be an expert Andover MA open house agent of the property.
Listing agent’s team member or associate: A busy listing agent may also send another agent in their place — either someone on their team or another agent in their office. They should be experts in the local market, but may not be as familiar with the individual home.

Andover MA homes for sale

Find the latest Andover MA open houses in 01810 Single family homes and condominiums for saleAndover homes for sale. For sale on great streets like Balmoral, Overlook, Maple, Francis Drive, Andover Country Club, Spring Valley, Powder Mill Square, Ivana Drive.  Search homes for sale in quaint Andover neighborhoods of Ballardvale, Shawsheen Village, South Andover MA and West Andover MA.

For additional Andover MA real estate for sale or rent click Andover MA luxury homes for saleAndover MA condominiums for saleAndover MA Multi-familyAndover MA real estate for rent and Andover MA commercial real estate.

All Andover MA Open House for sale listings come directly from the Massachusetts MLS and list condominiums for sale that are currently active and on the market to view. Contact Randy Tibbetts.