
48 Lambs Grove Spencer — Photo 1 of 37
$875,000
Investment Analysis — 48 Lambs Grove
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01562 carries an estimated $2,040/mo in gross rent — about a 1.48% cap rate and $12,984/yr in estimated NOI at the $875,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,971
Style
Single Family
Built
2003
Welcome to your own waterfront retreat nestled on a peninsula on beautiful Sugden Reservoir! Nestled at the end of a cul-de-sac, this exceptional property boasts 168 feet of direct water frontage on a full recreational lake (85 acres), offering your OWN boat launch,breathtaking sunset views and a tranquil setting you’ll never want to leave. The stunning, fully renovated kitchen is designed to capture spectacular lake views all while dining. Just off the kitchen, a charming dining room with a fieldstone fireplace and pellet stove creates the perfect place to relax with an opening into the sun-filled great room, flanked with windows and a slider to the spacious deck where you can enjoy morning coffee overlooking the lake or entertain family and friends while watching the sunset! The home features beautiful maple hardwood flooring throughout the main living areas on the first floor, a spacious primary bedroom, guest bdrm and an additional room ideal for a home office or tandem third bdrm. As per seller a fantastic 2005 addition and 2024 updates, including kitchen, pellet stove, roof, wood deck,replacement windows, siding, exterior doors and insulation are just a wonderful bonus! Outside, you’ll find two welcoming covered front porches, outdoor shower, patio by the water, dock, shed and an additional deck off the kitchen and great room, and plenty of outdoor space to enjoy this exceptional setting. A 20’ x 23’ two-car garage provides ample storage. This is lakefront living at its finest with million-dollar views from the kitchen, great room, and primary bedroom. A rare opportunity to own a slice of waterfront paradise!
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Slider, Lighting - Overhead
Dining Room
Lvl Main,FirstWood / Coal / Pellet Stove, Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting
Kitchen
Lvl FirstFlooring - Hardwood, Window(s) - Picture, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Exterior Access
Master Bedroom
Lvl SecondBathroom - Full, Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Window(s) - Picture
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Hardwood, Remodeled
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Shower Stall, Flooring - Hardwood
Bathroom 3
Lvl BasementBathroom - Half, Flooring - Laminate
Listing Agent: Team Cuoco
Listing Office: Cuoco & Co. Real Estate
MLS® Number: 73559720
