77 Chickering Rd Spencer — Photo 1 of 42
$1,150,000
Investment Analysis — 77 Chickering Rd
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 5-bedroom in 01562 carries an estimated $2,250/mo in gross rent — about a 1.19% cap rate and $13,638/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
3,216
Style
Single Family
Built
1978
Stiles! Privacy abounds this special opportunity to own a home that's been in the family for 50 years, artfully renovated & unique. Sitting on a hill overlooking Stiles Reservoir with some of the most stunning 180 degree views of the lake, this home provides a very private location with deeded beach and boating rights. Over 1 acre lot that includes a 3 car detached garage with a finished space. This home is truly special with 6 garage spaces, 3 kitchens, 5 bedrooms and master suite on the first floor. Fun amenities include an outdoor shower, professional landscaping and full masonry fireplaces. Perfect opportunity for large families looking to consolidate resources & live together while maintaining personal space and privacy. Home has new shingled roofs, siding, windows, septic and mechanicals. Competitively priced & ready for a new family to create a lifetime of magical lasting memories. Stiles is a private 463 acre fully recreational lake to enjoy all amenities of lake front living.
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 3,216 sq ft principal dwelling). Lot size: 55,890 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCathedral Ceiling(s), Flooring - Hardwood, Balcony / Deck, Open Floorplan, Slider, Lighting - Sconce
Dining Room
Lvl FirstFlooring - Hardwood, Slider
Kitchen
Lvl FirstSkylight, Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Remodeled, Gas Stove, Lighting - Overhead
Family Room
Lvl BasementFlooring - Stone/Ceramic Tile, Exterior Access, Open Floorplan, Slider
Master Bedroom
Lvl Main,FirstBathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Remodeled
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bedroom 5
Lvl BasementBathroom - Full, Closet, Flooring - Laminate, French Doors, Exterior Access, Remodeled
Listing Agent: Joann Schold
Listing Office: 9 West Realty
MLS® Number: 73547274
