5 Old South Lane, Andover, MA, 01810 | $1,075,000

LOCATION IS EVERYTHING! Welcome to 5 OLD SOUTH LANE. Do not miss this rare opportunity to live on one of the most desirable streets in Andover! Embrace the pedestrian lifestyle in the heart of downtown, minutes to Phillips Academy, schools & everything Andover! This classic 3 bedroom, cape style home, features a great flexible floor plan with a cathedral ceiling granite/stainless eat in kitchen at the heart of the home. Access to the deck and screened porch is steps away making this ideal for entertaining family and friends. A living room, dining room, primary bedroom w/gas fireplac & full bath complete this level. Upstairs you will find 2 generous bedrooms & a full bath. The walk-out lower level boasts a family room with kitchenette, home office, full bath, laundry & storage. Beautifully crafted stone walkways, patios & stone wall terraces greet you at every turn as you explore the outside. 2 car garage, central air & so much more make this a home you don't want to miss!

Features

  • Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: In Basement, Washer Hookup
  • Style: Cape
  • Year Built: 1956
  • Garage: 2-car Attached
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
  • Approx Sq. Feet: 2,292
  • Acreage: 0.58
  • Est. Taxes: $12,209
  • Lot Desc: Corner Lot, Wooded
  • Appliances: Gas Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • MLS#: 73300220
  • Website: https://www.raveis.com
    /eprop/73300220/5oldsouthlane_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 Kara Ross courtesy of Coldwell Banker Realty - Andover   Phone: 978-475-2201

Room Information

Type DescriptionLevel
Bedroom 2 Closet, Flooring - HardwoodSecond
Bedroom 3 Closet, Flooring - HardwoodSecond
Dining Room Flooring - Hardwood, Window(s) - PictureFirst
Kitchen Vaulted Ceiling(s), Flooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Deck - Exterior, Exterior Access, Recessed Lighting, Remodeled, SliderMain,First
Living Room Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Recessed LightingFirst
Master Bedroom Walk-In Closet(s)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
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5 Old South Lane, Andover, MA, 01810

$1,075,000

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 $860,000 $860,000 $860,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.004% 6.738% 6.307%
Monthly Tax Payment $1,017 $1,017 $1,017
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,019 $5,507 $7,315
Total Monthly Payment $6,161 $6,649 $8,457

* 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.