12 Point Eastalee Drive Spencer — Photo 1 of 20
$350,000
Investment Analysis — 12 Point Eastalee Drive
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01562 carries an estimated $1,290/mo in gross rent — about a 2.93% cap rate and $10,241/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.
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This fabulous waterfront lot is ready for you to build your dream home! With an artesian well already in place, an approved 4-bedroom septic design, and an Order of Conditions secured—including an approved dock location—this exceptional 1.34-acre property is primed for your vision to become reality. A custom home plan, thoughtfully designed to complement the property, is available upon request. Enjoy the peaceful sounds of a babbling brook along one side of the lot, along with tranquil frontage on beautiful Sugden Reservoir—an 87+ acre, full-recreational lake known as one of the area's cleanest and stocked annually with trout. Whether you're envisioning a year-round residence or a waterfront retreat, this rare offering provides the perfect setting, with potential for an accessory dwelling unit (ADU), subject to town approval.
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 MLS and other third-party data may be inaccurate or out of date.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
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Interior Specifications
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Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Property History
$350,000
Apr 27, 2026
MLS® 73507949
$359,900
Apr 16, 2026
MLS® 73454440
$359,900
Nov 13, 2025
MLS® 73454440
Listing Agent: Mary Stolarczyk
Listing Office: RE/MAX Vision
MLS® Number: 73507949