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40 Colonial Drive # 8, Andover MA 01810

Andover, MA 01810
$165,000
Est. $1,677/month
2
Beds
1
Baths
934
Sq Ft
$177
Price/Sq Ft
1974
Year Built
80
Days on Market
Closed Listed Sep 30, 2015 • MLS# 71912109 Copied!

About this home

Private placement of desirable building #40 located to the rear of the complex and at the end of the road. Sunny, bright and maintained corner top level unit with replacement Pella sliders to covered balcony. Freshly painted interior. Open floor plan featuring a large living room with newer wall A/C, dining area and kitchen with new stainless steel appliances, Oak cabinets and tile backsplash. Two spacious bedrooms each having a wall of closets. Bathroom with tile floor & shower, plus a sparkling white freshly re-glazed tub! Well managed, maintained & landscaped complex with many amenities including a complex pool and tennis courts. Being a pet friendly complex it even has a fenced dog park/play area. Fee includes heat & hot water. Two-car parking adjacent to building 40, spaces 198 & 200. Lower level laundry facilities and extra storage. Professionally managed complex. A great opportunity to own and avoid rising rents!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1974
Bedrooms
2
Full Bathrooms
1
Living Area
934 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $169,900
Final Sale Price: $165,000
Difference: $4,900 (-2.9%)
Performance Metrics
97.1%
List to Sale Ratio
Sold below asking price
80
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $182
Sale $/sq ft: $177
This property sold for $177 per square foot
Sale Summary

This property sold for 2.9% below the original asking price.

The property spent 80 days on market before selling.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$177/sq ft
Area Average
$255/sq ft
Difference
30.6%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1974
Living Area 934 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard, Common, Unit Control
Cooling Wall Unit(s), Unit Control
Flooring Tile, Vinyl, Carpet
Appliances Range, Dishwasher, Refrigerator, Range Hood, Plumbed For Ice Maker
Fireplace None
Basement N
Laundry In Basement, Common Area, In Building
Features None

Exterior

Construction Brick, Stone
Architecture None
Roof None
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Assigned, Guest
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Icemaker Connection

Financial

Annual Tax $2,171
Assessed Value $145,000

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances: Range, Dishwasher, Refrigerator, Range Hood, Plumbed For Ice Maker
Interior Features:
Windows:
Basement: N
Laundry: In Basement, Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1974
Effective Year (Renovated): 1987
Structure Type: Garden
Exterior Materials: Brick, Stone
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Common, Unit Control
Heating Zones: 1
Cooling: Wall Unit(s), Unit Control
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Assigned, Guest

Location

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Neighborhood

40 Colonial Drive # 8, Andover MA 01810

Andover, MA 01810

Walkability

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Nearby Schools

School District
Andover School District local
A+
School Safety 2024-25
0.4% Low
0.4% Suspensions 0.1% In-School
5.1% below state avg
E

Elementary Schools

10 schools
Andover School of Montessori
1.3 mi
Grades PK-08
The Pike School Inc
2.1 mi
Grades PK-09
Anderson School
3.6 mi
Grades PK-07
Saint Augustine School
3.7 mi
Grades PK-08
Melmark New England School
7.5 mi
Grades PK-12
A+
South Elementary School
2.2 mi | #58 of 824 | Score: 61.7
Dropped 8 spots from last year
+3.5 above state avg
438 students Diverse
Strong Attendance
Grades K-05
A+
Henry C Sanborn Elementary School
4.0 mi | #27 of 824 | Score: 64.1
Improved 14 spots from last year
+5.9 above state avg
332 students Diverse
Strong Attendance
Grades K-05
Shawsheen School
5.1 mi
85 students Diverse
Grades PK
A
West Elementary School
5.1 mi | #138 of 824 | Score: 57.4
Improved 139 spots from last year
-0.8 below state avg
605 students Diverse
Rising School
Grades K-05
A+
High Plain Elementary School
6.1 mi | #49 of 824 | Score: 62.4
Improved 50 spots from last year
+4.2 above state avg
505 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

3 schools
A
Doherty Middle School
3.6 mi | #41 of 352 | Score: 58.5
Improved 13 spots from last year
+0.3 above state avg
493 students Moderate
Strong Attendance
Grades 06-08
A
Andover West Middle School
4.2 mi | #49 of 352 | Score: 57.0
Dropped 33 spots from last year
-1.2 below state avg
508 students Diverse
Grades 06-08
A
Wood Hill Middle School
6.8 mi | #69 of 352 | Score: 53.8
Dropped 38 spots from last year
-4.5 below state avg
317 students Diverse
Diverse Student Body Strong Attendance
Grades 06-08
H

High Schools

3 schools
Phillips Academy
3.4 mi
Grades 09-12
A+
Andover High School
4.2 mi | #24 of 346 | Score: 72.8
Improved 10 spots from last year
+14.6 above state avg
1,609 students Diverse
20 sports • 2,968 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
B+
Greater Lawrence Regional Vocational Technical School
7.6 mi | #140 of 346 | Score: 56.5
Improved 48 spots from last year
-1.7 below state avg
1,837 students Moderate
High Graduation Rate Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $181
Homeowners Insurance $200
HOA Fee $462/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

98.9%
Price Range
81
Total Days on Market
1
Previous Sales

Property Timeline

Current Active Listing - MLS #73486991
Full transaction history available when tracking began
🏡
Currently Listed
Mar 16, 2026
$2,350
MLS #73486991 - Active
Previous Transaction - MLS #72218100
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 25, 2017
$205,000
MLS #72218100
Sold
Jan 27, 2016
$165,000
Property sold
Days on Market: 81
🏠
Listed for Sale
Sep 30, 2015
$167,000
Original listing
Agent: Doug Morrow Office: RE/MAX Advantage Real Estate

Price & Status History

Date Event Price Change
Mar 20, 2026 Sold $2,350
Mar 14, 2026 Sold $2,350
Sep 25, 2017 Sold $205,000
Sep 30, 2015 New Listing Added $167,000

Market Statistics

Days on Market
80 days
Price per Sq Ft
$177

Tax History

Year Taxes Assessment
2015 $2,171 $145,000

Financial Details

Annual Property Tax
$2,171
Tax Year 2015
HOA Fee
$462
Monthly
Assessed Value
$145,000

Listing Information

Listing Agent Doug Morrow
Listing Office RE/MAX Advantage Real Estate
Agent MLS ID C8523211
Office MLS ID C95260
Listing Data Updated Jan 27, 2016 10:02 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Andover, MA

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