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17 Institute Rd, North Grafton, MA, 01536

3beds
2baths
2,088sqft
$695,000
$333price/sqft
$4,931/moest. monthly cost
$197,240/yrincome needed

About This Home

Welcome to this beautifully remodeled, move-in ready home where timeless craftsmanship meets modern convenience. Every major update has already been completed, including a new roof, new heating and A/C system, new driveway, a stunning custom gourmet kitchen, and two fully updated bathrooms. Offering 3 bedrooms plus a versatile lower-level bonus room, this home provides the flexibility you need for a home office, playroom, guest space, gym, or media room. Step outside to the oversized new deck overlooking the fully fenced backyard, complete with an outdoor kitchen an ideal setup for hosting family gatherings, summer BBQs, and entertaining guests. Located in an incredibly convenient commuter location, you'll enjoy easy access to the Mass Pike, Route 495, Route 9, and the MBTA commuter rail, making commuting a breeze while enjoying the charm of the highly desirable Grafton community.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
9
BikeSomewhat Bikeable

Schools

8/10
Grafton Middle SchoolGrades 7-81.5 mi
7/10
Grafton High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1973

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Water Heater,Oven,Dishwasher,Microwave,Range,Refrigerator,Plumbed For Ice Maker
  • Laundry features: In Basement,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Interior Entry,Garage Access

Bathroom1

  • Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Countertops - Upgraded, Cabinets - Upgraded
  • Level: First

Bathroom2

  • Features: Bathroom - Full, Bathroom - Tiled With Shower Stall
  • Level: Basement

Bedroom2

  • Features: Flooring - Hardwood, Recessed Lighting
  • Level: First

Bedroom3

  • Features: Flooring - Hardwood, Recessed Lighting
  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Flooring - Hardwood, Remodeled
  • Level: First

Family Room

  • Features: Remodeled
  • Level: Basement

Features

  • Bonus Room
  • Window features: Insulated Windows
  • Flooring: Tile,Vinyl,Hardwood,Laminate
  • Number of fireplaces: 1
  • Fireplace features: Dining Room
  • Fireplace: Yes
  • Finished area below ground: 576
  • Finished area above ground: 1,512

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,088
  • Total interior livable area: 2,088 sqft

Kitchen

  • Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Remodeled
  • Level: First

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Flooring - Hardwood, Recessed Lighting
  • Level: First

Property

Details

  • Parcel number: M:0029 B:0000 L:0040.0,1524506
  • Zoning: R2
  • Exclusions: Outdoor Fridge,House Water Filter,Washer/Dryer,Built Ins In Bed Being Used As Closet,Playground

Features

  • Patio & porch: Deck - Composite
  • Exterior features: Deck - Composite,Cabana,Fenced Yard
  • Fencing: Fenced

Lot

  • Lot size: 0.99 Acres

Parking

  • Total spaces: 6
  • Parking features: Attached,Under,Paved Drive,Off Street,Paved
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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

  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Hurricane
Ice Storm

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 $3,514$42,168
Home Insurance *$202$2,424
Property Taxes $804$9,648
Electricity $411$4,940
Total$4,931$59,172
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$169,062/yr
40% on housing$147,930/yr
45% on housing$131,493/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

$333This listing

vs Other Active Listings

Avg $/sqft

ZIP 01536$269
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01536$295
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)

No zestimate history available

Price History

DateEventPrice
2026-08-09Pending sale$695,000
2026-07-22Listed for sale$695,000
2026-07-14Contingent$695,000
2026-07-07Listed for sale$695,000
2024-01-12Sold$450,000
2023-12-01Listed for sale$430,000
2005-11-01Sold$353,000

For Sale by Agent

AgentFerrari Property Group
BrokerageKeller Williams Pinnacle Central

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