
197 Mill Street Groton — Photo 1 of 42
$819,900
Investment Analysis — 197 Mill Street
Groton, MA 01450
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01450 carries an estimated $3,390/mo in gross rent — about a 2.37% cap rate and $19,395/yr in estimated NOI at the $819,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,700
Style
Single Family
Built
2000
OFFER DEADLINE Tuesday 9/1 @ 5 PM. Charming 4 bed, 2.5 bath colonial home set far back off a country road on 5 acres centrally located to the town center, schools, shopping, restaurants, town library, playground, rail trail, & just a 5 minute drive to the Groton Music Hall! Gorgeous custom wrap-around farmer's porch that connects all the way to private rear deck with built in heaters. Open and versatile plan to accommodate a wide array of needs. Spacious eat-in-kitchen with white cabinetry, center island, and breakfast nook. Front-to-back living room with inviting fireplace. Formal dining/living room located directly off the kitchen. Foyer entry and half bath complete the first floor. Primary suite complete with en-suite full bath and walk-in closet. Three more bedrooms and another full bath also found on the second level. A walk-up attic provides additional storage as well as expansion potential. Finished lower level walk-out with bonus room, office and a two car garage. Private backyard and meadow-like front yard with beautiful views from the farmers porch. Gas heat, Central AC, & town water! Come see this all this wonderful home has to offer today!
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 2,700 sq ft principal dwelling). Lot size: 221,720 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
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan
Kitchen
Lvl First13 x 26
Window(s) - Bay/Bow/Box, Dining Area, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances
Office
Lvl Basement12 x 13
Flooring - Vinyl
Family Room
Lvl First27 x 13
Flooring - Hardwood, Deck - Exterior, Open Floorplan
Master Bedroom
Lvl Second17 x 12
Bathroom - 3/4, Closet - Linen, Walk-In Closet(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second15 x 12
Bedroom 3
Lvl Second13 x 13
Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second11 x 12
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - 3/4, Bathroom - With Shower Stall, Closet - Linen, Flooring - Vinyl
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Listing Agent: Rachel Kiley
Listing Office: Compass
MLS® Number: 73568820
