Active Under Contract
17 Days on market
197 Mill Street Groton — Photo 1 of 42

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.

View Standard Listing

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

Original Price$819,900
Annual Taxes$11,522

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms9
Fireplaces1
FlooringVinyl, Carpet, Hardwood, Flooring - Hardwood, Flooring - Vinyl
BasementFull, Finished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRes

Property & Lot

Acres5.09
SqFt Lot221,720
Lot FeaturesEasements

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

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomKitchenFamily RoomBathroom 1
Basement
Office
Living Room
Lvl First

13 x 14

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan

Kitchen
Lvl First

13 x 26

Window(s) - Bay/Bow/Box, Dining Area, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances

Office
Lvl Basement

12 x 13

Flooring - Vinyl

Family Room
Lvl First

27 x 13

Flooring - Hardwood, Deck - Exterior, Open Floorplan

Master Bedroom
Lvl Second

17 x 12

Bathroom - 3/4, Closet - Linen, Walk-In Closet(s), Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

15 x 12

Bedroom 3
Lvl Second

13 x 13

Closet, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

11 x 12

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - 3/4, Bathroom - With Shower Stall, Closet - Linen, Flooring - Vinyl

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Rachel Kiley

Listing Office: Compass

MLS® Number: 73568820