
190 Petersham Road Phillipston — Photo 1 of 42
$739,000
Investment Analysis — 190 Petersham Road
Phillipston, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01331 carries an estimated $2,090/mo in gross rent — about a 1.38% cap rate and $10,193/yr in estimated NOI at the $739,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,853
Style
Single Family
Built
2026
This impressive executive Ranch is complete and ready for its new owner! If you've been searching for the ease of single-floor living without sacrificing space, style or quality, this stunning 1,853' home on 5+ acres delivers. Set among other new construction homes, this exceptional property features high-quality finishes and thoughtful design throughout. The open-concept kitchen, dining and living area is highlighted by soaring cathedral ceilings and a gas fireplace that serves as a welcoming focal point. The beautifully appointed kitchen features a large 7' center island, quartz countertops and direct access to a covered rear porch with composite decking. The oversized 24x28 garage leads into a convenient mudroom with custom built-in bench, along with a separate laundry room. The spacious primary suite features two walk-in closets, a soaking tub, double-sink vanity and stunning tiled walk-in shower. Two additional bedrooms and a full bath are privately situated on the opposite side of the home. Rooms without cathedral ceilings feature 9' ceilings, with LVP flooring throughout. PAVED DRIVEWAY. The massive walkout basement provides endless possibilities for future living area, workshop, home gym or hobby space. Built by a local quality builder and backed by a one-year warranty, this is the last of the new construction homes available in this development. What a great way to enjoy the upcoming fall season and holidays in a brand-new home! Quick closing available.
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 1,853 sq ft principal dwelling). Lot size: 239,580 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
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First15 x 21
Cathedral Ceiling(s), Exterior Access, Open Floorplan
Kitchen
Lvl First13 x 21
Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Country Kitchen, Open Floorplan, Recessed Lighting, Slider
Primary Bedroom
Lvl First15 x 18
Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Closet - Double
Bedroom 2
Lvl First11 x 12
Bedroom 3
Lvl First11 x 12
Closet
Bathroom 1
Lvl First5 x 8
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen
Bathroom 2
Lvl First10 x 15
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Jacuzzi / Whirlpool Soaking Tub
Listing Agent: Cory Gracie
Listing Office: LAER Realty Partners
MLS® Number: 73574283