Active
38 Days on market
48 Lambs Grove Spencer — Photo 1 of 37

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.

View Standard Listing

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

Original Price$875,000
Annual Taxes$5,021
HOA Fee$50

Parking

Garage2
Off-Street14

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Vinyl, Carpet, Hardwood, Laminate
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Oil, Pellet Stove, Ductless
CoolingDuctless
WaterPrivate
SewerHolding Tank

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Block
ZoningLR

Property & Lot

Acres0.29
SqFt Lot12,440
Lot FeaturesCul-De-Sac

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomKitchenBathroom 1
Basement
Bathroom 3
Main,First
Dining Room
Living Room
Lvl First

Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Slider, Lighting - Overhead

Dining Room
Lvl Main,First

Wood / Coal / Pellet Stove, Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting

Kitchen
Lvl First

Flooring - Hardwood, Window(s) - Picture, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Exterior Access

Master Bedroom
Lvl Second

Bathroom - Full, Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Window(s) - Picture

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Hardwood, Remodeled

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Hardwood

Bathroom 3
Lvl Basement

Bathroom - Half, Flooring - Laminate

Listing Provided By

Listing Agent: Team Cuoco

Listing Office: Cuoco & Co. Real Estate

MLS® Number: 73559720