
603 South Street Shrewsbury — Photo 1 of 41
$1,299,000
Investment Analysis — 603 South Street
Shrewsbury, MA 01545 — Falcon Farms
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01545 carries an estimated $3,850/mo in gross rent — about a 1.29% cap rate and $16,706/yr in estimated NOI at the $1,299,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4
SqFt
4,554
Style
Single Family
Built
2025
A rare offering in Shrewsbury, this exceptional residence combines the presence of a private estate with the sophistication and convenience of new construction. This model home offers over $300k in upgrades! Privately positioned on 1.52 acres, the home makes an immediate impression with grand proportions, refined finishes and beautifully designed living spaces filled with natural light. At the heart of the home, a stunning gourmet kitchen opens effortlessly to expansive dining and entertaining areas and an impressive oversized great room. Rich hardwood floors and thoughtful architectural details carry throughout. Flexible first-floor living with a full bath offers an elegant solution for guests, a private office or multigenerational living. Upstairs, the grand primary suite provides a luxurious private retreat, accompanied by generously sized bedrooms and convenient second-floor laundry. The finished walk-out lower level adds another dimension to the home with approximately 1,200 sq. ft. of beautifully finished space, a full bath and kitchenette/bar—ideal for entertaining, recreation or extended family. Multiple HVAC zones, central air, natural gas heat, 200+ amp electrical service and an attached 2-car garage provide modern comfort behind the luxury. An extraordinary opportunity offering space, privacy, versatility and nearly new construction in one of Shrewsbury’s most desirable settings. Close proximity to Westborough train station, Rt 9 and Mass Pike and is about 40 minutes to Boston!
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 4,554 sq ft principal dwelling). Lot size: 66,000 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 & Lot
Amenities & Appliances
Oven • Dishwasher • Microwave • Refrigerator • Range Hood • Cooktop • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
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Floorplan Breakdown
Structural Layout
Living Room
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Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondBedroom 5
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Lvl SecondProperty History
$1,299,000
Sep 10, 2026
MLS® 73575757
$6,500
Jul 30, 2026
MLS® 73544014
$6,500
Jul 1, 2026
MLS® 73544014
$5,500
Mar 31, 2026
MLS® 73478689
$5,500
Feb 19, 2026
MLS® 73478689
$1,349,999
Feb 3, 2026
MLS® 73415326
$1,349,999
Aug 7, 2025
MLS® 73415326
$1,474,999
Jun 30, 2025
MLS® 73345751
$1,474,999
Mar 14, 2025
MLS® 73345751
$1,549,999
Mar 3, 2025
MLS® 73325103
$1,549,999
Jan 10, 2025
MLS® 73325103
$1,500,000
Nov 20, 2024
MLS® 73255820
$7,000
Oct 30, 2024
MLS® 73290323
$7,000
Sep 15, 2024
MLS® 73290323
$1,500,000
Jun 21, 2024
MLS® 73255820
Listing Agent: Andrea Beth Castinetti
Listing Office: Castinetti Realty Group
MLS® Number: 73575757
