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1 Charlesgate Road Hopedale — Photo 1 of 38

1 Charlesgate Road Hopedale — Photo 1 of 38

$699,000

Investment Analysis — 1 Charlesgate Road

Hopedale, MA 01747

Based on HUD Small Area Fair Market Rent for Eastern Worcester County, MA HUD Metro FMR Area, a 3-bedroom in 01747 carries an estimated $3,230/mo in gross rent — about a 2.98% cap rate and $20,808/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

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Beds

3

Baths

2

SqFt

2,180

Style

Single Family

Built

1958

BEAUTIFUL, MOVE-IN READY CAPE, COMPLETELY RENOVATED IN 2022! This impressive home was extensively renovated from top to bottom, offering quality updates, thoughtful details and beautiful finishes throughout. The updated kitchen features natural maple-style cabinetry, quartz countertops, subway tile backsplash, GE appliances and a trash compactor. Beautiful hardwood flooring flows throughout the first floor. Detailed custom wainscoting and woodwork enhance the kitchen, dining room, hallway and stairway leading to the second floor. Additional improvements include new windows, solid-core interior doors, three mini-splits plus central air conditioning, and beautifully designed custom walk-in closet organizers in two bedrooms. The first-floor bath was completely renovated and features honeycomb ceramic tile flooring & tiled tub surround. The second-floor bath features beautiful maple vanity w/ quartz countertop, slate tile flooring and oversized tiled walk-in shower with glass shower door. Additional improvements completed in 2022 include the heating system, upgraded water heater, vinyl siding, exterior doors, sliders, deck, roof, shed, double garage door and driveway. Most recently, new garage flooring was added and a brand-new fence was installed just a few weeks ago, creating a wonderful fenced-in yard. With extensive improvements inside and out, this home is truly move-in ready! 3-bedroom septic also installed 2022. A TRULY BEAUTIFUL HOME AND EVERYTHING IS PERFECT!

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 2,180 sq ft principal dwelling). Lot size: 7,231 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

Original Price$699,000
Annual Taxes$8,650

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms7
FireplacesNone
FlooringTile, Carpet, Hardwood, Stone / Slate
BasementFull, Bulkhead

Climate & Utilities

HeatingOil, Pellet Stove, Ductless
CoolingCentral Air, Ductless
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
Zoningres

Property & Lot

Acres0.17
SqFt Lot7,231
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Dishwasher • Disposal • Trash Compactor • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bathroom 2
First
Dining RoomKitchenFamily RoomPrimary BedroomBathroom 1
Dining Room
Lvl First

Flooring - Hardwood, Wainscoting

Kitchen
Lvl First

Flooring - Hardwood, Countertops - Upgraded, Recessed Lighting, Remodeled, Stainless Steel Appliances, Wainscoting

Family Room
Lvl First

Wood / Coal / Pellet Stove, Skylight, Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Deck - Exterior, Slider

Primary Bedroom
Lvl First
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Remodeled

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Pedestal Sink

Listing Provided By

Listing Agent: Nancy Maiorana

Listing Office: Realty ONE Group Suburban Lifestyle

MLS® Number: 73562490