178 Glasheen Road Petersham — Photo 1 of 42
Recent Drop: $200,000
$1,600,000
Investment Analysis — 178 Glasheen Road
Petersham, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-bedroom in 01331 carries an estimated $2,520/mo in gross rent — about a 0.81% cap rate and $12,898/yr in estimated NOI at the $1,600,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
5,064
Style
Single Family
Built
1989
Waterfront home set on 65+- breathtaking acres and surrounded by an additional 5,000 acres of protected conservation land, this extraordinary estate offers unmatched privacy and natural beauty. A private pond with sweeping, tranquil views that anchor the property, complemented by serene water features, a charming gazebo, 2 spacious sheds, 3 car garage plus a barn/garage. The main residence features custom craftsmanship, formal fireplaced living room, gorgeous dining room, library plus sun room with wood burning stove, 4 spacious bedrooms, 3.5 baths, and a finished third-floor media room, perfect for entertaining or relaxing. An accessory apartment with 6 bonus rooms provides ideal space for guests and extended family. With garage capacity for 5 vehicles and endless outdoor space, this one-of-a-kind retreat seamlessly blends luxury, versatility, and total seclusion.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 5,064 sq ft principal dwelling). Lot size: 2,831,400 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator
Neighborhood
Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Balcony / Deck, Deck - Exterior, Crown Molding
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Crown Molding
Kitchen
Lvl FirstCeiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Recessed Lighting, Wine Chiller, Crown Molding
Family Room
Lvl ThirdCeiling Fan(s), Flooring - Wall to Wall Carpet, Recessed Lighting
Master Bedroom
Lvl SecondBathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Crown Molding, Closet - Double
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wall to Wall Carpet
Bedroom 4
Lvl SecondFlooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Shower Stall
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Skylight, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Upgraded, Jacuzzi / Whirlpool Soaking Tub, Double Vanity, Recessed Lighting, Remodeled
Bathroom 3
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub
Property History
$1,600,000
Was $1,800,000
May 2, 2026
MLS® 73510675
$1,800,000
Apr 30, 2026
MLS® 73510675
Listing Agent: Kelleher Team
Listing Office: Coldwell Banker Realty - Worcester
MLS® Number: 73510675
