Original owner Israel Putnam
Themes: architectural, community development, education, religion

Area originally known as " Yeoman's land ".
Israel Putnam and his brother Joseph Putnam were from Danvers, MA and had purchased land in Andover for Asa Kimball in 1776 and 1792. The brothers divided some of the land between each other. Israel Putnam and his wife Mary lived in this homestead. It is believed that Pearson may have rented the farm before purchase.

Joseph Pearson of Wilmington purchased the from Israel Putnam on Dec. 19, 1823. Joseph Pearson then acquired several other small parcels of land. Pearson had borrowed money from Mary Foster, who held the mortgage deed. Upon Foster's death her estate, Administrator Jonathan Griffin, was settled with Pearson on Jan. 23, 1833 who paid $150 mortgage release. Joseph Pearson died intestate, and his estate was administered through Probate by his son Joseph J. Pearson.

Hannah T. (Peasron) Bancroft, wife of Albert and daughter of Joseph Pearson bought the family homestead on May 10, 1852 for $295. Hannah T. Pearson, held the deed. Her husband Albert Bancroft b. Mar. 7, 1819 was from Reading, MA and died on Jan. 6, 1896. Hannah T. Bancroft b. Feb. 21, 1819 died on June 14, 1897. The property then 14 acres, went to her two daughters, Jennette E. (Bancroft) Rawles, b. 1856, wife of Joseph A. Rawles of California and Alice M. (Bancroft) Cheever b. Nov. 7, 1860 wife of George Cheever of Andover. Alice was born in the home. AT May 10, 1907 – Extensive alterations are being made on the Bancroft house on Reservoir street, when complete it will be occupied by George Cheever and family now on Maple Avenue. Jennie E. Rowles sold her half share of the property to Alice in June 1909 and the family moved in from 90 Maple Ave. George, a house carpenter, died December 10, 1925 at age 74.

Son Fred E. Cheever b. June 18,1888 lived in the home with his mother until her death in May 1952. Fred E. Cheever was a Real estate agent and developer of Johnson Acres off Elm St. He also served as Andover Postmaster in the 1930's. Cheever was a member of the Andover Historical Society, and the Cheever Room is dedicated in his memory. Frederick died on April 24, 1975 at age 86. He never married. (Owned by decedents of Joseph Pearson to 4th generation).

The home was then purchased by Dr. Richard O'Hara, who lived across the street at 10 Bancroft Rd. O'Hara sold the property with 4.58 acres to the Vaill's on Nov. 2, 1976.

House originally faced south, but when the old lane that divided the Bancroft farm was made into a public way in the 1890's, for the water reservoir (next to Bancroft School), the front entrance was moved to face Bancroft Road. The house was made to face north by moving ell from north to south and entrance vestibule turned from south to north end. Bancroft Rd. was called Reservoir Street until 1904 when the name Bancroft Rd. was adopted.

The former barn that was connected to the house was the former Universalist Church 1839 - 1865 and then converted into the Andover Grammar School (a Middle School-Jr. High) 1866 - 1878. The Universalist Church was built on the NE corner at 96 Main St. & Punchard Ave. In 1890 this was sold, cut in half and moved here by 26 yokes of oxen to become barn for the property. The vaulted ceiling, two classrooms on the upper floor and period wallpaper were still intact in 1986. Samples of the wall paper and interior photos are now in the collection of the historical society.

In this same building, when it stood on Main St., some of the first meetings to organize abolitionist Free Christian Church were held, and their earliest services held here. The barn was demolished in 1986. New free standing barn was built in 1987.