15 Lake View Dr Spencer — Photo 1 of 26
Recent Drop: $50,000
$739,900
Investment Analysis — 15 Lake View Dr
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 1.61% cap rate and $11,936/yr in estimated NOI at the $739,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,016
Style
Single Family
Built
1935
It is time to start living the lake lifestyle...for all the seasons! Beautiful level lake lot on popular Sugden Reservoir. Very active lake community all year round...swim...water-ski...sail...boating...ice fish right from your "front door!" Large rap-around deck also with a balcony off the top floor overlooking the lake makes this a unique home for all your friends and family to relax by the waters edge along with a gazebo, doc and a beautiful sandy beach. Very LARGE room over kitchen and garage with wide pine flooring that could be the primary bedroom or game room. Solar panels to save on electricity. In addition, there is a custom Kotter Farms out building for storage of your water toys and yard tools. Come see this unique lakefront home today!
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 2,016 sq ft principal dwelling). Lot size: 12,100 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 MLS and other third-party data may be inaccurate or out of date.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 • Range • Microwave • Refrigerator
Geography
Property History
$739,900
Was $744,900
Sep 9, 2026
MLS® 73538805
$744,900
Was $759,900
Aug 20, 2026
MLS® 73538805
$759,900
Was $774,900
Jul 22, 2026
MLS® 73538805
$774,900
Was $789,900
Jul 9, 2026
MLS® 73538805
$789,900
Jun 19, 2026
MLS® 73538805
Listing Agent: Richard Stockhaus
Listing Office: Lakefront Living Realty, LLC
MLS® Number: 73538805