
31 Raymond Way Ashland — Photo 1 of 42
$899,000
Investment Analysis — 31 Raymond Way
Ashland, MA 01721
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01721 carries an estimated $4,330/mo in gross rent — about a 3.20% cap rate and $28,759/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
3,469
Style
Single Family
Built
1990
Space to grow, room to entertain, and endless possibilities await at 31 Raymond Way! Set in a wonderful Ashland neighborhood, this solidly built, one-owner contemporary, owned by a builder, offers 4 bedrooms, 2 full and 2 half baths, a 2-car garage, and a gorgeous backyard with a large deck and inground pool. Step inside to freshly painted interiors filled with natural light, where high ceilings, abundant windows, and skylights create a bright and welcoming atmosphere. The family room connects to the living room, featuring a wood-burning fireplace and sliding doors to the deck overlooking the pool and backyard. Whether hosting summer gatherings or enjoying a quiet evening outdoors, this home offers an inviting setting inside and out. The spacious kitchen opens to the dining room, creating a comfortable flow for everyday living and entertaining. A half bath and interior access to the 2-car garage complete the first floor. Upstairs, the primary suite features a cathedral ceiling and private full bath. Three additional spacious bedrooms and another full bath provide plenty of room to spread out. The finished lower level adds flexible space for a recreation room, home office, or gym, along with laundry and a half bath with potential to expand to a full bath. With updating reflected in the price, this home presents a wonderful opportunity to bring your style and vision to a property with generous space, distinctive character, and solid construction. Enjoy the convenience of Ashland’s MetroWest location with access to commuter rail, Route 9, the Mass Pike, and I-495, plus shopping, dining, parks, and trails. A beautiful neighborhood, your own backyard retreat, and the opportunity to make it all your own—this is a home you can grow into and enjoy for years to come!
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 3,469 sq ft principal dwelling). Lot size: 24,712 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
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstOffice
Lvl BasementFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondProperty History
$899,000
Sep 24, 2026
MLS® 73582464
$485,000
May 3, 2010
MLS® 71027954
$485,000
Feb 3, 2010
MLS® 71027954
Listing Agent: Sylvia Makarios
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73582464
