Property details
About 8 Penobscot Way
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.
Highlights
Summary
- Waterfront: Waterfront, Pond
- View: Other
- List Price: $799,900
- Annual Tax Amount: $9,782
- Tax Year: 2024
- Lot: Easement, Gentle Sloping, Cul-De-Sac
- Directions: Rte 125 to Gould (behind State Police Barracks), left on Farrwood, right on Penobscot
- Lot Size: 0.67 Acres
- MLS Number: 73401931
- MLS Name: MLS Property Information Network
- Office Name: William Raveis R.E. & Home Services
- Office Phone: (978) 475-5100
- Listing Agent: The Peggy Patenaude Team
Disclaimer: 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/14/2025, 6:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 16, 1993 | Home Sold | $172,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $759,500 | $9,782 |
| 2023 | $683,700 | $9,339 |
| 2022 | $598,400 | $8,737 |
| 2021 | $545,200 | $8,336 |
| 2020 | $533,800 | $8,012 |
| 2019 | $499,000 | $7,620 |
History based on county public records data.
Nearby schools
9
J. Turner Hood Elementary School
Public District KG-5
1.1 mi
•298A Haverhill St
8
Bancroft Elementary School
Public District KG-5
2.5 mi
•15 Bancroft Rd
10
L.D. Batchelder Elementary School
Public District KG-5
2.5 mi
•175 Park St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $98,661. The majority of Andover, MA residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
College Football
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Best Buy
Where do the neighbors go to eat?
Panera
Cracker Barrel
Texas Roadhouse
What do the neighbors drive?
Infiniti
Lexus
Ram
What do the neighbors listen to?
Adult Hits
Oldies
Contemporary Christian
Frequently asked questions
About 8 Penobscot Way
The listing price of 8 Penobscot Way property is $799,900.
The property 8 Penobscot Way is land located in Andover, Massachusetts, 01810.
Active Listing: 8 Penobscot Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8 Penobscot Way are: J. Turner Hood Elementary School (GreatSchools Rating 9/10), Bancroft Elementary School (GreatSchools Rating 8/10), L.D. Batchelder Elementary School (GreatSchools Rating 10/10), North Reading Middle School (GreatSchools Rating 7/10), Doherty Middle School (GreatSchools Rating 9/10), West Middle School (GreatSchools Rating 7/10), North Reading High School (GreatSchools Rating 7/10), Andover High School (GreatSchools Rating 7/10), Wilmington High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $9,782 (source: MLS/based on county public records data).
The last sale was on December 16, 1993 for $172,000 (source: MLS/tax record).
The property 8 Penobscot Way is 0.67 acres.
This home is located at 8 Penobscot Way in Andover, MA and zip code 01810. Features: 0 bathroom. It has been listed on Rocket Homes since July 9, 2025 and is currently priced at $799,900.
Andover, MA housing market in June 2025 saw over 32 listings sold above listed price, more than 4 sold at listed price and over 12 sold below. The number of listings in Andover, MA increased by 9.1% between May and June 2025. In June 2025, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $926,250.