
171 Island Road Lunenburg — Photo 1 of 41
$675,000
Investment Analysis — 171 Island Road
Lunenburg, MA 01462
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01462 carries an estimated $2,620/mo in gross rent — about a 1.47% cap rate and $9,894/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2.5
SqFt
1,775
Style
Single Family
Built
1997
LAKEFRONT LIVING! This property was once a cottage but check it out now! Starting at the back you’ll find approx. 77 feet of lake frontage with plenty of space for boating, fishing, and swimming. Turn back toward the house and you’ll see the glass sunroom overlooking the lake. This is the perfect spot to soak up the sunlight on cooler days while watching the wildlife. The attached deck with a slider will lead you into the living room with its beautiful hardwood floors. Your views of the lake continue into the tiled kitchen with brand new appliances including a gas stove. Off the kitchen is spacious ½ bath and laundry room. The first floor is complete with the main bedroom including a large closet and private full bath. Adjacent to the main bedroom is another room perfect for a home office or hobby area. Upstairs, you’ll find many possibilities, there is bedroom complete with lake views and the second full bathroom. But at either end of the second floor, you’ll find unfinished attic space suitable for storage, another office maybe a play space. Back downstairs and outside you get a spacious garage bay to store all your lake life necessities and an extra parking space adjacent to the driveway. Hickory Hills Lake is one of New England's largest private lakes. The community offers access to three beaches, a boat ramp, islands and coves to explore.
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 • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Slider
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Stainless Steel Appliances, Gas Stove
Master Bedroom
Lvl Main,FirstBathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl SecondBathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl FirstBathroom - Half, Dryer Hookup - Electric, Washer Hookup
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Julie Byars
Listing Office: JByars Realty
MLS® Number: 73569215