Active
73 Days on market
9 Olive Street Ashland — Photo 1 of 20
$499,000
9 Olive Street, Ashland, MA 01721
Ashland, MA 01721
Beds
3
Baths
1.5
SqFt
2,260
Style
Single Family
Built
1850
Attention all builders, contractors, investors: Rare opportunity to own ONE ACRE corner lot (44,829 sq ft) in Ashland. The existing home on lot is beyond repair and Seller has received permission from Town for tear down. New owner will need to re-apply with the Town of Ashland for tear down of the existing structure. Seller has spent a significant amount of time and over $50K in clearing out the property. Home has been winterized, no heat and no running water - but the power is still on. One town sewer connection is available; buyer responsible for sewer hookup. Sold AS-IS, WHERE IS. Do not walk the lot without permission; use caution during showings. Property situated in an ideal location with short distance to Ashland Community Center, Ashland State Park, and MBTA Commuter Rail. Leverage this chance to bring your vision and building ideas as there are so many possibilities for this property!
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$221/sqft
Local Avg (Ashland)$401/sqft
45% BelowMarket Average
* Analysis is based on 10 actively listed and recently sold comparable properties strictly within Ashland, MA.
Property Details
Financials
Original Price$499,000
Annual Taxes$6,787
Parking
Garage0
Off-Street6
Interior Specifications
Total Rooms7
Fireplaces2
Flooring--
BasementUnfinished
Climate & Utilities
HeatingOil
CoolingNone
WaterPublic
SewerOther
Building & Exterior
ConstructionFrame
RoofShingle
FoundationStone
ZoningR1
Property & Lot
Acres1.03
SqFt Lot44,829
Lot FeaturesCorner Lot
Geography
Population
18,873
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$128K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
24.7%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
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 2,260 sq ft principal dwelling). Lot size: 44,829 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.
Listing Provided By
Listing Agent: Martha Morese
Listing Office: Provided by MLS PIN
MLS® Number: 73531051
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