For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Worcester 01562
18 Laurel Lane
$490,000
● House - Off Market

18 Laurel Lane

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,222 Ft²
$508,711
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

What a beautiful spot on Sugden Reservoir!  A full recreational lake with sunset views, this home has been in the family for over 40 years and offers a pretty eat-in kitchen with cherry cabinets, cathedral ceilings in living room with French Doors that open to a good size deck overlooking 100 feet of waterfront!  Two bedrooms on main floor and another in the lower level which was renovated in 2021 including (second) full bath, plastered walls and flooring.  Water pump 12/31/20.  Some replacement windows.  Aluminum dock included!  Finish off your summer in style!  Septic will not pass Title V and is buyer's responsibility. Seller will provide As Built Engineered Plan along with Application for Construction Permit dated 7/2/18~~will need updated filings.
Unit Size
2,222 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$225
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1960

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73022332)

Price History

Date / Event Date Event Price
Apr 14, 2023 Sold
Premium
Sold
Aug 6, 2022 Listed by RE/MAX Vision $500,000
Listed by RE/MAX Vision

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,730
  • Total Building Area: 1,222
  • Gross Building Area: 2,580
  • Building Area: 1,222
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,222
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAURELAND SUGDEN LAKE
  • Land Acres: 0000000269
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Spencer-East Brookfield School District
  • School Tax School District: SPENCR-E BRKFLD
  • Census Tract: 726100

Geography

  • Parcel: SPEN M:00U31 B:00036 L:00000
  • Block: 36
  • Municipality: SPENCER
  • Latitude: 42.2702
  • Longitude: -71.9646

    Address

  • Full Address: 18 Laurel Ln
  • Address - House Number: 18
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Spencer
  • Carrier Code: C005
  • 4-Digit Zip Code: 1506
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $462,300

    Appraisal Valuation

  • Standard Deviation: 0.0859
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 93
  • Final Value: 611,012
  • High Value: 663,539
  • Low Value: 558,485

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $404,100
  • Assessed Land Value: $128,600
  • Assessed Improvements Value: $275,500

    Sales

  • Current Sale Contract Date: Apr 13, 2023
  • Current Sale Recording Date: Apr 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28676
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73022332

Frequently Asked Questions

When was property at 18 Laurel Lane built and last sold?
The property at 18 Laurel Lane was built in 1960 and last sold on Apr 13, 2023 for $490,000.
How much is this home worth?
The estimated value of the home located at 18 Laurel Lane is $512,082.
What are some comparable homes to 18 Laurel Lane?
There are currently no comparable homes to 18 Laurel Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Spencer Homes for Sale
Spencer Houses for Sale
Spencer Condos for Sale
Spencer Multifamily for Sale
Spencer Land for Sale
Spencer Commercial for Sale
Spencer Homes with Basements
Spencer Homes with Pools
Nearby Cities
Southbridge Town Homes for Sale
Oxford Homes for Sale
Fiskdale Homes for Sale
Sturbridge Homes for Sale
North Brookfield Homes for Sale
Rutland Homes for Sale
East Brookfield Homes for Sale
Barre Homes for Sale
Nearby Property Records
Worcester County, MA Property Records
Windham County, CT Property Records
Tolland County, CT Property Records
Hampshire County, MA Property Records
Hampden County, MA Property Records
Providence County, RI Property Records
Franklin County, MA Property Records
Middlesex County, MA Property Records
Neighborhoods
Webster Square Real Estate
West Tatnuck Real Estate
Tatnuck Real Estate
Nearby Counties
Holden Homes for Sale
Auburn Homes for Sale
Southbridge Town Homes for Sale
Oxford Homes for Sale
Sturbridge Homes for Sale
Charlton Homes for Sale
Leicester Homes for Sale
Rutland Homes for Sale
Top Real Estate Agents
Top Agents in Spencer
Top Agents in Holden
Top Agents in Auburn
Top Agents in 01550
Top Agents in Southbridge Town
Top Agents in Southbridge Town
Top Agents in Webster Square
Top Agents in Oxford