
290 Grove St Norwell — Photo 1 of 38
$875,000
Investment Analysis — 290 Grove St
Norwell, MA 02061
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02061 carries an estimated $3,880/mo in gross rent — about a 3.02% cap rate and $26,459/yr in estimated NOI at the $875,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,118
Style
Single Family
Built
1967
Exceptional turn-key Garrison Colonial set on one-half acre of beautiful land in a desirable area of Norwell. This sturdy home has been updated with quality finishes over the years and features updated kitchen and baths, utility upgrades and some new windows and doors all with a nod toward maintaining the charm and character of Garrison style home with brick accents. The home is warm and inviting with gleaming hardwood and wide-pine floors, four large bedrooms with big closets and a warm and inviting family room overlooking the spacious, wooded private yard. This home has been impeccably maintained and with the heated bonus room in the lower-level, puts this property over the top offering a roomier feel and a comfortable living area. Outside features include stone walls, fine red-brick walkways, storage shed, covered porch, spacious deck, fenced in yard with fire pit and an oversized 2-car attached garage. Easy and efficient access to highway, commuter rail, schools, shops, restaurants and all that Norwell has to offer! Cole School District!
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 2,118 sq ft principal dwelling). Lot size: 22,125 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First18 x 11
Flooring - Hardwood, Exterior Access, Crown Molding
Dining Room
Lvl First11 x 11
Flooring - Hardwood, Chair Rail, Wainscoting, Beadboard, Crown Molding
Kitchen
Lvl Main,First13 x 12
Bathroom - Half, Closet, Flooring - Wood, Pantry, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Chair Rail, Country Kitchen, Remodeled, Stainless Steel Appliances, Wainscoting, Lighting - Overhead, Beadboard, Crown Molding
Family Room
Lvl Main,First18 x 15
Wood / Coal / Pellet Stove, Cathedral Ceiling(s), Flooring - Wood, Chair Rail, Exterior Access
Master Bedroom
Lvl Second15 x 12
Closet, Flooring - Hardwood, Crown Molding
Bedroom 2
Lvl Second11 x 11
Bedroom 3
Lvl Second11 x 11
Closet, Flooring - Hardwood, Crown Molding
Bedroom 4
Lvl Second11 x 10
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: James Roche
Listing Office: Coldwell Banker Realty - Norwell - Hanover Regional Office
MLS® Number: 73568893
