See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1503 Grafton Rd, Millbury, MA, 01527

2beds
2baths
1,246sqft
$375,000
$301price/sqft
$2,805/moest. monthly cost
$112,200/yrincome needed

About This Home

Charming, affordable, & exceptionally convenient. This adorable 2-bedroom, 1.5 bath home offers a fantastic opportunity in Millbury. Perfectly situated just seconds from the Mass Pike, minutes from Route 9 & Route 20, commuters will appreciate the easy access to major roadways while enjoying the comfort of a residential setting. Inside, you'll find a warm and inviting layout with a first floor bedroom option, hardwood floors, and lots of natural light. Enjoy the lovely yard w/ mature plantings. Off-street parking adds everyday convenience. Located within the East Millbury Business District, the property benefits from flexible zoning that may offer a variety of residential and business possibilities. An added bonus: the rear abutter is also available for purchase, creating opportunities for generational living, expansion, or investment. Easy to show. Full of potential!

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

--
Elmwood Street SchoolGrades PK-23.4 mi

Construction

Condition

  • Year built: 1935

Materials

  • Foundation: Block,Stone,Thermally Broken Foundation/Slab

Type & Style

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

Interior

Appliances

  • Appliances included: Water Heater,Range,Dishwasher,Refrigerator
  • Laundry features: In Basement,Electric Dryer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Bulkhead,Concrete,Unfinished

Bathroom1

  • Level: First

Bathroom2

  • Level: Second

Bedroom2

  • Features: Closet, Flooring - Hardwood
  • Level: Second

Bedrooms & Bathrooms

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

Dining Room

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

Family Room

  • Features: Flooring - Wall to Wall Carpet
  • Level: First

Features

  • Internet Available - Unknown
  • Flooring: Tile,Carpet,Laminate,Hardwood
  • Finished area above ground: 1,246

Heating & Cooling

  • Heating features: Baseboard,Oil
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,246
  • Total interior livable area: 1,246 sqft

Kitchen

  • Features: Flooring - Hardwood
  • Level: First

Living Room

  • Features: Flooring - Wall to Wall Carpet
  • Level: First

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Closet, Flooring - Hardwood
  • Level: Second

Property

Details

  • Parcel number: M:0006 B:0196 L:0000,3578614
  • Zoning: B1

Features

  • Patio & porch: Porch - Enclosed
  • Exterior features: Porch - Enclosed

Lot

  • Lot size: 8,500 sqft

Parking

  • Total spaces: 2
  • Parking features: Shared Driveway,Off Street,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

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
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

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 $1,896$22,752
Home Insurance *$131$1,572
Property Taxes $424$5,088
Electricity $354$4,259
Total$2,805$33,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,171/yr
40% on housing$84,150/yr
45% on housing$74,800/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

$301This listing

vs Other Active Listings

Avg $/sqft

ZIP 01527$239
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01527$287
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
2026-08-01Price change$375,000
2026-05-31Listed for sale$399,000

For Sale by Agent

AgentJulie-Ann Horrigan
BrokerageRE/MAX Prof Associates

Similar Homes