Active Under Contract

14 Days on market

27 Morningside Drive Topsfield — Photo 1 of 42

$1,324,000

Investment Analysis — 27 Morningside Drive

Topsfield, MA 01983

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01983 carries an estimated $3,390/mo in gross rent — about a 0.88% cap rate and $11,595/yr in estimated NOI at the $1,324,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

4,493

Style

Single Family

Built

2000

Welcome home to this stately 12 room Colonial located in the oh so desirable Morningside Estates in Topsfield! Built in 2000 on 2 acres, this spacious 4,490+ sf 4-bedroom, 2.5-bath residence is ready for a lifetime (or more) of easy living and memory making. Hardwood flooring is throughout the main level including the formal dining room that overlooks the surrounding yard and living room. In addition to slider access to the deck and yard, granite countertops and stainless-steel appliances are highlights in the chef’s kitchen open to the family room with a brick-front gas fireplace. A 1st floor office and mudroom enhance this home’s livability. Your private retreat – the gorgeous(and massive) primary suite with not one but TWO walk-in closets and spacious en suite bath – is upstairs. 3 generous carpeted bedrooms, full bath and separate laundry room are also on the 2nd floor. And then, the lower level! Fully finished with a walkout to the grounds, this multi-purpose space includes a second family/rec/playroom, gym area, 2 storage spaces including a utility room, and workshop. Incredible living space inside and fabulous play space outside! Brand new roof too!

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 4,493 sq ft principal dwelling). Lot size: 87,120 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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