
1 Millets Ln Manchester — Photo 1 of 42
$1,350,000
Investment Analysis — 1 Millets Ln
Manchester, MA 01944
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01944 carries an estimated $3,190/mo in gross rent — about a 1.48% cap rate and $20,007/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
3,099
Style
Single Family
Built
1989
Manchester-by-the-Sea Colonial, with a contemporary flow, privately sited, yet moments from Downtown. Set on a serene cul-de-sac just a mile from schools and the town center, this property offers a rare balance of privacy and convenience. Three bedrooms and two full baths are complemented by exceptional room for expansion, including a spacious unfinished walk-up attic, accessed from the main level. The heart of the home is an open-concept eat-in kitchen and family room, anchored by a wood-burning fireplace, vaulted ceiling, and opening through sliders to an expansive deck and hot tub area overlooking a lush lawn, mature trees, and the woods beyond. A private, picturesque setting for both everyday living and entertaining. The sun-filled home office, overlooking the backyard, has direct access to the walk-up attic. Rounding out the first floor, is a bedroom and full bath, formal living and dining rooms, and a versatile bonus room offering additional flexibility. Upstairs, two generously proportioned bedrooms share a full bath, complemented by an expansive loft, with a vaulted ceiling and skylights, offering flexible living space with views to the level below, ideal as a media room, lounge, or secondary office. The unfinished basement offers exceptional scale, with high ceilings and defined areas for a workshop, gym, game space, and laundry, along with abundant storage. A two-car garage completes the offering. This is a home that offers both classic charm and genuine room to grow, in a setting that feels wonderfully private while remaining close to everything Manchester-by-the-Sea has to offer. Floor plans and video tours are available on the listing. Open Houses: Friday 4–5:30 PM | Saturday & Sunday 11 AM–1 PM.
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 3,099 sq ft principal dwelling). Lot size: 25,927 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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19.916666666 x 13.5
Window(s) - Bay/Bow/Box, Flooring - Engineered Hardwood
Dining Room
Lvl First19.916666666 x 14.25
Window(s) - Bay/Bow/Box, Flooring - Engineered Hardwood
Kitchen
Lvl First17.833333333 x 13.916666666
Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Wet Bar, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Open Floorplan, Remodeled, Stainless Steel Appliances, Wine Chiller, Half Vaulted Ceiling(s), Flooring - Engineered Hardwood
Office
Lvl Main14.25 x 13.916666666
Skylight, Closet/Cabinets - Custom Built, Window(s) - Picture, Attic Access, Flooring - Engineered Hardwood
Family Room
Lvl Main,First23.583333333 x 13
Walk-In Closet(s), Deck - Exterior, Exterior Access, Open Floorplan, Slider, Storage, Lighting - Overhead, Half Vaulted Ceiling(s), Flooring - Engineered Hardwood
Primary Bedroom
Lvl Second18.916666666 x 14.25
Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Balcony - Exterior
Bedroom 2
Lvl Second19.583333333 x 13.666666666
Bedroom 3
Lvl First13.916666666 x 11.333333333
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead
Bathroom 2
Lvl First9.916666666 x 7.5
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead, Beadboard
Listing Agent: Jessica Molisse
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73578477

