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16 Mars Dr, Shrewsbury, MA, 01545

5beds
3baths
2,028sqft
$760,000
$375price/sqft
$5,197/moest. monthly cost
$207,880/yrincome needed

About This Home

$2,500 CLOSING COST CREDIT Welcome to 16 Mars Drive, where space, comfort, and endless possibilities come together in one of Shrewsbury's most sought-after neighborhoods. Whether you're looking for your forever home or a property with outstanding potential, this well-maintained residence offers the opportunity to move in today while making updates that reflect your personal style over time.Natural light fills the spacious interior, where a flexible floor plan provides room for entertaining, working from home, or simply enjoying everyday life. The functional kitchen offers generous cabinet and workspace, while the comfortable living areas and well-proportioned bedrooms create a warm, inviting atmosphere throughout.Professionally created digitally enhanced renderings illustrate how impressive this home could become with modern cosmetic updates, helping buyers envision refreshed finishes, contemporary design, updated flooring, stylish furnishings, and a beautifully reimagined living space. The home's solid layout and thoughtful design provide the perfect canvas to create something truly special.Outside, enjoy a generous backyard with plenty of room for summer gatherings, gardening, or relaxing in your own private outdoor retreat. Conveniently located near shopping, restaurants, parks, medical facilities, and major commuter routes, this home offers the ideal balance of neighborhood charm and everyday convenience.To make this opportunity even more appealing, the seller is offering a $2,500 closing cost credit to help with your purchase. If you've been searching for a home with excellent potential, a fantastic location, and the chance to add your own personal touch, 16 Mars Drive is ready to inspire your vision.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
5
BikeSomewhat Bikeable

Schools

9/10
Oak Middle SchoolGrades 7-82.0 mi
9/10
Shrewsbury Sr High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1956

Materials

  • Foundation: Concrete Perimeter

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Dishwasher,Microwave,Refrigerator,Freezer

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Walk-Out Access

Bathroom1

  • Level: First
  • Area: 40

Bathroom2

  • Level: Second
  • Area: 56

Bathroom3

  • Level: Basement
  • Area: 15

Bedroom2

  • Level: Second
  • Area: 140

Bedroom3

  • Level: Second
  • Area: 108

Bedroom4

  • Level: Second
  • Area: 140

Bedroom5

  • Level: First
  • Area: 132

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: First
  • Area: 72

Family Room

  • Level: Basement
  • Area: 798

Features

  • Office,Foyer,Sun Room
  • Flooring: Tile,Carpet,Hardwood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 988
  • Finished area above ground: 2,028

Heating & Cooling

  • Heating features: Forced Air,Oil
  • Cooling features: None

Interior Area

  • Total structure area: 2,028
  • Total interior livable area: 2,028 sqft

Kitchen

  • Level: First
  • Area: 143

Living Room

  • Level: First
  • Area: 156

Master Bedroom

  • Level: Second
  • Area: 336

Office

  • Level: First
  • Area: 96

Property

Details

  • Parcel number: M:10 B:082000,1673250
  • Zoning: RES B-
  • Exclusions: Seller's Personal Property. Refrigerator In Basement.

Features

  • Patio & porch: Porch - Enclosed,Deck - Wood
  • Exterior features: Porch - Enclosed,Deck - Wood

Lot

  • Lot size: 0.32 Acres
  • Features: Level

Parking

  • Total spaces: 5
  • Parking features: Paved Drive,Off Street,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Hurricane
Ice Storm
Strong Wind

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,842$46,104
Home Insurance *$200$2,400
Property Taxes $756$9,072
Electricity $399$4,798
Total$5,197$62,364
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$178,182/yr
40% on housing$155,910/yr
45% on housing$138,586/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$375This listing

vs Other Active Listings

Avg $/sqft

ZIP 01545$312
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01545$303
Worcester County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-24Price change$760,000
2026-06-08Listed for sale$769,000
1991-12-30Sold$120,000

For Sale by Agent

AgentNicholas Panarelli
BrokerageCastinetti Realty Group

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