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7 Fernview Ave # 7, North Andover MA 01845

North Andover, MA 01845
$281,000
Est. $2,360/month
2
Beds
1
Baths
850
Sq Ft
$331
Price/Sq Ft
1967
Year Built
16
Days on Market
Closed Listed May 16, 2025 • MLS# 73376256 Copied!

About this home

Attention Investors! Opportunity knocks with this first-floor 2-bedroom, 1-bath unit, a true blank canvas ready for your vision. This property offers incredible potential to build equity with the right updates. A recently renovated 2-bedroom in the complex just sold for $360,000, don't miss your chance to capitalize! Enjoy a full suite of association amenities, including an inground pool, fitness center, community room with billiards, tennis and basketball courts, a playground, and convenient parking. Located just minutes from I-495 and I-93, and a short drive to the shopping and dining options in tax free Salem, NH. Whether you're looking to flip, rent, or personalize—this is the opportunity you've been waiting for!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1967
Bedrooms
2
Full Bathrooms
1
Living Area
850 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $275,000
Final Sale Price: $281,000
Difference: +$6,000 (+2.2%)
Performance Metrics
102.2%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $324
Sale $/sq ft: $331
This property sold for $331 per square foot
Sale Summary

This property sold for 2.2% above the original asking price, indicating strong buyer demand.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 11 similar properties sold within 0.5 miles in the last 90 days

This Property
$331/sq ft
Area Average
$153/sq ft
Difference
+116.2%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1967
Living Area 850 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling None
Flooring Tile, Concrete
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

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

Parking

Features Common
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $3,030
Assessed Value $273,200

Interior Features

Flooring: Tile, Concrete
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: In Building
Security:

Construction & Materials

Year Built: 1967
Structure Type: Garden
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Common

Location

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Neighborhood

7 Fernview Ave # 7, North Andover MA 01845

North Andover, MA 01845

Walkability

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Nearby Schools

School information not available for this location.

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 $253
Homeowners Insurance $200
HOA Fee $487/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

2.1%
Price Range
17
Total Days on Market

Property Timeline

Sold
Jun 3, 2025
$281,000
Property sold
Days on Market: 17
🏠
Listed for Sale
May 16, 2025
$275,000
Original listing
Agent: Melissa Silva Office: RE/MAX Beacon

Price & Status History

Date Event Price Change
May 16, 2025 New Listing Added $275,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$331

Tax History

Year Taxes Assessment
2024 $3,030 $273,200

Financial Details

Annual Property Tax
$3,030
Tax Year 2024
HOA Fee
$487
Monthly
Assessed Value
$273,200

Listing Information

Listing Agent Melissa Silva
Listing Office RE/MAX Beacon
Agent MLS ID CN205068
Office MLS ID AN8509
Listing Data Updated Jun 4, 2025 3:30 AM EDT
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 North Andover, MA

Real-time market trends and pricing data for this area

7 Fernview Ave # 7, North Andover MA 01845 - Photo 1 7 Fernview Ave # 7, North Andover MA 01845 - Photo 2 7 Fernview Ave # 7, North Andover MA 01845 - Photo 3 7 Fernview Ave # 7, North Andover MA 01845 - Photo 4 7 Fernview Ave # 7, North Andover MA 01845 - Photo 5 7 Fernview Ave # 7, North Andover MA 01845 - Photo 6 7 Fernview Ave # 7, North Andover MA 01845 - Photo 7 7 Fernview Ave # 7, North Andover MA 01845 - Photo 8 7 Fernview Ave # 7, North Andover MA 01845 - Photo 9 7 Fernview Ave # 7, North Andover MA 01845 - Photo 10 7 Fernview Ave # 7, North Andover MA 01845 - Photo 11 7 Fernview Ave # 7, North Andover MA 01845 - Photo 12 7 Fernview Ave # 7, North Andover MA 01845 - Photo 13 7 Fernview Ave # 7, North Andover MA 01845 - Photo 14 7 Fernview Ave # 7, North Andover MA 01845 - Photo 15 7 Fernview Ave # 7, North Andover MA 01845 - Photo 16 7 Fernview Ave # 7, North Andover MA 01845 - Photo 17 7 Fernview Ave # 7, North Andover MA 01845 - Photo 18 7 Fernview Ave # 7, North Andover MA 01845 - Photo 19
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