34 Shore Drive Spencer — Photo 1 of 41
$525,000
Investment Analysis — 34 Shore Drive
Spencer, MA 01562
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01562 carries an estimated $1,670/mo in gross rent — about a 2.17% cap rate and $11,408/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
848
Style
Single Family
Built
1958
Stunning Waterfront Retreat on Thompson Pond! 34 Shore Drive, Spencer, MA | Offered at $525,000 Welcome to your dream waterfront home on highly sought-after Thompson Pond! Imagine coming home and stepping onto your deck soaking up the sunlight in your piece of tranquility. This beautiful home offers abundant views of the water from almost every window of the home…the perfect blend of lakeside charm and modern comfort, designed for effortless relaxation and outdoor entertainment. Interior Features: • Breathtaking Main Living Area: Walk into an open, airy space highlighted by dramatic vaulted ceilings that maximize light and create an inviting atmosphere. With gorgeous butcher block countertops, cabinet packed kitchen, stainless steel appliances, farmhouse sink and gas stove for cooking. • Cozy & Efficient Utilities: Features reliable gas heat powered via propane to keep you warm and comfortable through the New England winters. • Turn-Key Condition: Thoughtfully renovated 13 years ago, this home is ready for you to move right in. Exterior & Waterfront Highlights: • Premium Waterfront Living: Experience picture-perfect, beautiful sunsets every single evening right from your oversized low-maintenance Trex deck. • Extensive Outdoor Upgrades: Step down to the water to find stunning, recently rebuilt stone walls and a gorgeous patio complete with a built-in fire pit—the ultimate spot for lakeside gatherings. • Boater’s Paradise: Features a dedicated area ready for a boat dock. There is plenty of storage area in the basement with access below the deck, a shed at the top of the property and several parking spots for you and your guests. ! This is a quiet no outlet road. Don't miss this rare opportunity to own a piece of paradise on Thompson Pond
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: 424 sq ft (the lesser of 900 sq ft or half the 848 sq ft principal dwelling). Lot size: 9,583 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
Water Heater • Range • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl FirstListing Agent: Joyce Mulherin
Listing Office: Buy Rite Home
MLS® Number: 73579938
