
315 Crafts St Newton — Photo 1 of 33
$2,799,000
Investment Analysis — 315 Crafts St
Newton, MA 02460 — Newtonville
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02460 carries an estimated $4,490/mo in gross rent — about a 1.10% cap rate and $30,797/yr in estimated NOI at the $2,799,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
5.5
SqFt
5,036
Style
Single Family
Built
2026
Exquisite full Renovation steps to all that Newtonville has to offer. Featuring exceptional design, luxury finishes, and flexible living options. This stunning 5-bedroom, 5.5-bath residence boasts thoughtfully designed living spaces and en-suite bathrooms for every bedroom, providing the ultimate comfort and privacy. The sun-filled open floor plan is anchored by a spectacular chef's kitchen showcasing Taj Mahal quartzite countertops, Thermador appliances, custom cabinetry, and an oversized island perfect for gathering and entertaining and living room with amazing arched windows. Elegant white oak flooring flows seamlessly throughout the entire home, enhancing the home's sophisticated aesthetic. The expansive primary suite serves as a private retreat with a spa-inspired bath and generous walk-in closet. Multiple living and entertaining areas offer incredible flexibility for today's lifestyle, including space for a home office, gym, or guest accommodations. Step outside to a beautifully designed yard with ample room for outdoor enjoyment and your two-car garage. Plans and space are available for a future ADU (Accessory Dwelling Unit) as well as a swimming pool, presenting a rare opportunity for expansion and multigenerational living. Ideally located near Newtonville Village, commuter rail, shops, restaurants, parks, and top-rated schools, this exceptional property combines luxury, convenience, and future potential in one remarkable offering. Showings begin at Open House Thursday 8/27 from 11:30-1 and Saturday and Sunday from 12-1:30!
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 5,036 sq ft principal dwelling). Lot size: 11,929 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First27 x 23
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Slider, Window Seat
Dining Room
Lvl First17 x 12
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Recessed Lighting, Window Seat
Kitchen
Lvl First16 x 14
Flooring - Hardwood, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Office
Lvl First10 x 8
Flooring - Hardwood, French Doors
Family Room
Lvl Basement24 x 21
Bathroom - Full, Flooring - Vinyl, Cable Hookup, Open Floorplan, Recessed Lighting
Master Bedroom
Lvl Second17 x 12
Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Double Vanity, Recessed Lighting
Bedroom 2
Lvl Second13 x 12
Bedroom 3
Lvl Second12 x 12
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 4
Lvl Third16 x 13
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 5
Lvl Basement14 x 11
Bathroom - Full, Bathroom - Double Vanity/Sink, Closet, Flooring - Vinyl
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Hardwood
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Mike Destefano
Listing Office: Coldwell Banker Realty - Waltham
MLS® Number: 73568103

