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$600,000

  • Sold
  • Closed
  • Land Residential
  • 0.67 Acres
See This Home
Save This Home
See This Home
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Outstanding opportunity for builders and developers to acquire a prime 29,055 sq ft lot in one of Andover's most desirable neighborhoods. Located on a cul-de-sac with direct access to walking trails & views of Field Pond, this wooded site offers both privacy & marketable lifestyle appeal. Gently sloping terrain offers design flexibility & possible walkout. TITLE V APPROVED w/ a 4-bedroom septic system design on file. The existing 1-bedroom, 1.5-bath structure, built in 1970, is ready for teardown, clearing the way for a high-end new construction project. Conveniently located just minutes from I-93 via Route 125, this property is ideal for commuters & offers strong resale potential in a sought-after area. Town water & natural gas are onsite, reducing development costs & complexity. All permitting & approvals to be secured by the buyer. Rarely does a lot of this quality & location become available so bring your plans & capitalize on a high-demand neighborhood w/ strong upside potential.

Full Property Details for 8 Penobscot Way

General

  • Sold For: $600,000
  • Taxes: $10,135 (2025)
  • Status: Closed
  • Type: Land Residential
  • MLS ID: 73401931
  • Added to Site: 218 day(s) ago

Location

  • County: Essex

Lot Features

  • Lot Size (Acres): 0.67

Financial Considerations

  • Tax Amount: $10,135
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Property sold AS-IS, WHERE-IS. Buyer to obtain all permits. Title V approval is conditional upon repairs which seller is in the process of taking care of.
  • Property ID: 1838291
  • Block/Lot/Section: 4

Listed by William Raveis R.E. & Home Services, The Peggy Patenaude Team and Peggy Patenaude
Sold by Compass, The Lisa Sevajian Group

Listing agents

— 8 Penobscot Way —

  • The Peggy Patenaude Team

    William Raveis R.E. & Home Services

  • Peggy Patenaude

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8 Penobscot Way

School District:Andover School District, Andover, MA
NameGradesDistance
South Elementary School, Andover, MA
55 Woburn Street, Andover, MA 01810
K-52.7 mi
Andover High School
80 Shawsheen Road, Andover, MA 01810
9-124.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8 Penobscot Way

Date
Details
Price
Change
Source
8/22/2025
Sold
$600,000
-7.69%
MLS
7/21/2025
Price Reduced
$650,000
-18.74%
MLS
7/09/2025
Listed
$799,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by William Raveis R.E. & Home Services, The Peggy Patenaude Team and Peggy Patenaude
Sold by Compass, The Lisa Sevajian Group

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8 Penobscot Way, Andover, MA 01810 (MLS# 73401931) is a Land Residential property that was sold at $600,000 on August 22, 2025. Want to learn more about 8 Penobscot Way? Do you have questions about finding other Land Residential real estate for sale in Andover? You can browse all Andover real estate or contact a Coldwell Banker agent to request more information.