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290 Grove St Norwell — Photo 1 of 38

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.

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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.

Open Houses

Property Details

Financials

Original Price$875,000
Annual Taxes$8,927

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms9
Fireplaces1
FlooringCarpet, Hardwood, Pine, Flooring - Wall to Wall Carpet
BasementFull, Partially Finished

Climate & Utilities

HeatingBaseboard, Natural Gas, Wood Stove
CoolingWindow Unit(s)
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame, Brick
RoofShingle
FoundationConcrete Perimeter
ZoningRes.

Property & Lot

Acres0.51
SqFt Lot22,125
Lot FeaturesWooded, Cleared, Level

Amenities & Appliances

Range • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2
First
Dining RoomBathroom 1
Main,First
Living RoomKitchenFamily Room
Living Room
Lvl Main,First

18 x 11

Flooring - Hardwood, Exterior Access, Crown Molding

Dining Room
Lvl First

11 x 11

Flooring - Hardwood, Chair Rail, Wainscoting, Beadboard, Crown Molding

Kitchen
Lvl Main,First

13 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,First

18 x 15

Wood / Coal / Pellet Stove, Cathedral Ceiling(s), Flooring - Wood, Chair Rail, Exterior Access

Master Bedroom
Lvl Second

15 x 12

Closet, Flooring - Hardwood, Crown Molding

Bedroom 2
Lvl Second

11 x 11

Bedroom 3
Lvl Second

11 x 11

Closet, Flooring - Hardwood, Crown Molding

Bedroom 4
Lvl Second

11 x 10

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

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

Listing Provided By

Listing Agent: James Roche

Listing Office: Coldwell Banker Realty - Norwell - Hanover Regional Office

MLS® Number: 73568893