Active Under Contract
16 Days on market
171 Island Road Lunenburg — Photo 1 of 41

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.

View Standard Listing

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

Original Price$675,000
Annual Taxes$8,060
HOA Fee$495

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms4
FireplacesNone
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile
BasementPartial, Interior Entry, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres0.27
SqFt Lot11,587
Lot Features--

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

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

Flooring - Hardwood, Slider

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Stainless Steel Appliances, Gas Stove

Master Bedroom
Lvl Main,First

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Second
Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 2
Lvl First

Bathroom - Half, Dryer Hookup - Electric, Washer Hookup

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Julie Byars

Listing Office: JByars Realty

MLS® Number: 73569215