A rare North Andover offering! Set well back from the road on approximately 4 private acres bordering an expansive wooded area, 202 Lacy Street offers an exceptional combination of space, privacy and versatility. Offering approximately 5,227 sq. ft. of measured living area, this extensively updated 5-bedroom, 3.5-bath home features 17 rooms and a sprawling, flexible layout with multiple living and entertaining spaces. The flexible layout offers outstanding in-law or multigenerational living potential, with a separate main-level area featuring its own eat-in kitchen, family room, bedroom, full bath and walk-in closet. The home has been thoughtfully improved and exceptionally maintained, while retaining the space and character that make this property so unique. Outside, enjoy your own private retreat with a gunite pool, expansive yard and horse paddock surrounded by mature woods. An attached 3-car garage plus a separate 2-car garage, formerly used as a horse barn, provide outstanding space for vehicles, equipment, hobbies or equestrian use. A newly paved driveway completes the property. With 4 acres, substantial living space, flexible multigenerational possibilities, 5 garage spaces, pool and equestrian potential, 202 Lacy offers a combination that's increasingly difficult to find in North Andover.