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45 Surrey Dr Mansfield — Photo 1 of 39

45 Surrey Dr Mansfield — Photo 1 of 39

$645,000

Investment Analysis — 45 Surrey Dr

Mansfield, MA 02048

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02048 carries an estimated $3,080/mo in gross rent — about a 3.25% cap rate and $20,982/yr in estimated NOI at the $645,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,797

Style

Single Family

Built

1976

Prepare to be impressed by this beautifully updated ranch where every space feels fresh, polished and move-in ready. Set in a sought after and established Mansfield neighborhood, this home offers the perfect combination of comfort of easy one-level living and move-in ready convenience. From the moment you arrive, you will notice the updated landscaping, a bright and inviting layout that includes gleaming hardwood floors, fresh interior paint and updates throughout the home. The beautiful updated kitchen features warm cream cabinetry, a stylish tile backsplash, generous counter space and island and abundant storage. From there, the floor plan opens to a spacious family room/dining room combination with a pellet stove or fireplace. An additional living room, rare for a ranch, provides separate living space and is accented by the exposed brick from the reverse side of the fireplace, adding warmth and character to the space. The bathrooms are another standout. Both the full and half bath have been beautifully updated with gorgeous tile, new vanities, plumbing and lighting. The full bath features a walk-in shower with stunning tile across the floor and walls, giving the space a clean, modern look. Three generously sized bedrooms complete the main level.The screened-in porch is another bonus room that you’ll want to use from spring through fall. A cathedral ceiling and skylights create a bright, airy setting with plenty of room to settle in with your morning coffee, curl up with a book, take an afternoon nap or unwind at the end of the day. Overlooking the generous, flat backyard, it feels like a true extension of the home and a place made for slowing down and enjoying the outdoors without leaving the comfort of home. The backyard offers plenty of room to host, play, garden and gather.The partially finished basement adds even more usable space for a bonus room, gym or playroom while still leaving plenty of room for a workshop and storage. An attached 1-car garage completes the home. Located in Mansfield’s desirable “Golden Triangle,” with convenient access to Routes 95 and 495, commuter rail, Mansfield Crossing, shopping and dining. Beautifully updated, exceptionally well cared for and ready to impress from the moment you walk in.

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: 899 sq ft (the lesser of 900 sq ft or half the 1,797 sq ft principal dwelling). Lot size: 22,174 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.

Property Details

Financials

Original Price$645,000
Annual Taxes$7,108

Parking

Garage1
Off-Street9

Interior Specifications

Total Rooms8
Fireplaces1
FlooringWood, Carpet, Hardwood, Flooring - Wood
BasementFull, Partial, Concrete

Climate & Utilities

HeatingBaseboard, Oil
CoolingWall Unit(s)
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRES

Property & Lot

Acres0.51
SqFt Lot22,174
Lot FeaturesCleared, Level

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Shopping • Golf • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Main,First
KitchenFamily RoomBathroom 2
Living Room
Lvl First

14 x 17

Beamed Ceilings, Flooring - Wall to Wall Carpet, Window(s) - Picture, Exterior Access, Lighting - Overhead

Kitchen
Lvl Main,First

21 x 12

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Peninsula, Lighting - Overhead

Family Room
Lvl Main,First

16 x 14

Wood / Coal / Pellet Stove, Ceiling Fan(s), Beamed Ceilings, Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Lighting - Overhead

Primary Bedroom
Lvl First

13 x 13

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl First

10 x 12

Bedroom 3
Lvl First

10 x 12

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

5 x 5

Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 2
Lvl Main,First

8 x 12

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Remodeled, Washer Hookup, Lighting - Sconce, Lighting - Overhead

Listing Provided By

Listing Agent: Lori Seavey Realty Team

Listing Office: Keller Williams Elite

MLS® Number: 73584141