By Lisa Sevajian, Realtor · Last updated October 16, 2026 · 8 min read

Powder Mill Square Condos in Andover MA: What Do They Sell For?

Your payment has to fit your life, not just your approval letter.

At Powder Mill Square, your payment includes a condo fee that's higher than most in town. That fee also covers more than most.

You've found a condo here and you love it. Newer buildings, close to downtown, a river out back. Now you're staring at the fee and wondering if it's worth it.

If you're stuck on this, you aren't alone. It's the exact question my partners and I help you answer. Here's what Powder Mill Square really sells for, what the fee pays for, and what to check before you write an offer.

A higher fee isn't good or bad. It's a list. Read the list.

Where is Powder Mill Square?

Powder Mill Square is on North Main Street, also called Route 28, in the Marland Village area of Andover MA, zip code 01810.

The complex sits on 4.77 acres by the Shawsheen River, per the town's historic building records. Some units look out over the river, per local news.

The downtown Andover MA commuter rail stop is a short drive. Trains run on the MBTA line into North Station in Boston. Main Street shops and Memorial Hall Library are close too.

The Andover MA public schools serve the complex. The class of 2025 graduated at 98.1 percent, per the state's official report. Look up the exact school for the unit on the state's school profiles site.

The FY2026 tax rate is $12.31 per $1,000 of assessed value, per the town. A condo assessed at $600,000 would pay about $7,400 a year.

What kinds of homes are in Powder Mill Square?

You'll find a mix of townhouses, garden style flats and loft style units, per MLS PIN listings.

The town's housing chart lists 60 ownership units. Four buildings, A to D, make up the complex, per the town's records. There's elevator access, per local news.

The land you'd live on has a story. Samuel Phillips built a gunpowder mill here to supply the Continental Army, per the town library. It blew up in 1778, was rebuilt, then blew up again in 1796 and became a paper mill. The site is part of a historic district on the National Register, so you're buying into a piece of the town's past.

Units that sold ran from 1,250 to 2,425 square feet, with one to three bedrooms. So ask for the floor plan of each one you like, and picture your own furniture in it.

How much do condos in Powder Mill Square sell for?

Two Powder Mill Square condos sold from October 2024 to October 2026, per MLS PIN, at a median of $624,000.

Source: MLS PIN, condo sales in Powder Mill Square, Andover MA, October 2024 to October 2026, pulled October 16, 2026. Aggregates only. The town's housing chart lists 2008 for the complex. One MLS PIN listing shows an older build year.

Two sales is a very small group. The two homes were very different in size, so the average is really just the middle of two different homes. Use these as a starting point, then look at the exact size and floor of the unit you like.

Homes sold close to the final asking price, at 99.4 percent on average. That can give you a little more room to talk terms than in some other complexes in town.

What does the condo fee cover?

Your fee covers the outside, the grounds, your water and sewer, and flood insurance, per MLS PIN listings.

Listings show the fee includes:

• Master insurance on the buildings
• Flood insurance
• Exterior maintenance
• Landscaping and snow removal
• Water and sewer
• Trash pickup
• An exercise room and trails

The median fee was $838 a month, with a range of $671 to $1,006. Ask for the fee on the exact unit. Flood insurance is a big one for you. Near a river, you'd want to know it's covered, and how much of it you'd carry yourself.

What amenities are there?

You get an exercise room and trails, per MLS PIN fee listings, plus elevator access, per local news.

Listings also note shopping, parks, golf, a conservation area and highway access nearby. That's the area around you, not the complex itself. Ask the management company for the current list of shared spaces and their rules, so you know what you're paying for.

Is Powder Mill Square a 55+ community?

No. Powder Mill Square isn't age restricted, so you don't need to meet an age rule to buy.

The town's chart lists it as not restricted, with 9 deed restricted affordable units. Those sell under their own rules and price limits. If you're looking at one, ask about those rules first.

What are the pros and tradeoffs?

Here's how I'd lay it out for you.

The pros:

• Newer buildings close to downtown Andover MA and the train.
• Elevator access, and one floor living in the flats.
• Water, sewer and flood insurance are in the fee.
• A river setting with real history.

The tradeoffs:

• The fee is high next to other complexes in town. Add it to your payment before you fall in love.
• Only two sales in two years, so prices are hard to pin down.
• Being near the river means you'll want to read the flood coverage closely.

Who should compare it with what?

If Powder Mill Square is on your list, look at these too. All numbers are MLS PIN sales from October 2024 to October 2026.

• Temple Place in Andover MA: 17 units in historic homes near downtown. Average sale $656,000, median fee $440.
• Riverside Woods in Andover MA: 200 newer condos with elevator buildings, age restricted to 62 and up. Average sale $612,000.
• Abbot's Pond in Andover MA: 45 townhouses from 1988. Average sale $676,000, median fee $393.

What should buyers check before an offer?

Read the condo documents before you fall in love. Ask for:

• The master insurance policy and the flood policy, and what you need to cover inside your unit
• The budget, and how much is in reserves
• Any special assessments, now or planned. A special assessment is an extra bill for a big project.
• The rules, including pet and rental rules
• The last year of meeting minutes. Elevator, roof and river bank plans show up here first.

Then add it up. Mortgage, fee and taxes. Every buyer gets a lender who runs the numbers before every offer. You'll know your real monthly cost before you write it.

What should sellers know?

Your buyer will notice the fee first. You'll want to show them what it pays for.

Put the fee list, the flood coverage and the condo documents in front of buyers on day one. Presentation and preparation matter, because there are so few recent sales to point to.

Price is your choice. We'll walk you through accurate similar sales in Powder Mill Square and nearby so you can choose with confidence. Owners can also check what their unit may be worth below.

This is general information, not legal, tax or lending advice. Check with your attorney, lender and CPA before you decide.

I'll guide you home.

Lisa Sevajian