Lot 5 Secret Lake Rd. Phillipston — Photo 1 of 18
$615,000
Investment Analysis — Lot 5 Secret Lake Rd.
Phillipston, MA 01331
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01331 carries an estimated $2,090/mo in gross rent — about a 1.90% cap rate and $11,681/yr in estimated NOI at the $615,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,792
Style
Single Family
Built
2026
Almost Complete-New Construction Ranch on 2.15 acres offering single-level living just steps from Secret Lake! This thoughtfully designed 3BR/2BA/2CAR garage home features an open-concept layout with a spacious kitchen, white cabinetry, stainless appliances, & pantry. Luxury vinyl plank flooring throughout main living areas and bedrooms; both baths with tile flooring. Private primary suite with large walk-in closet, bathroom w/ double vanity, & walk-in shower. Two more bedrooms on opposite side of home. Convenient first-floor laundry off kitchen. Full walkout basement offers excellent potential for future finished space. Enjoy lake access via ROW across & down the street, plus association beach, picnic area & pavilion just a short walk away. Fantastic commuter location, just minutes to Rt. 2! Property Owners Association fee $827/year currently.
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: 896 sq ft (the lesser of 900 sq ft or half the 1,792 sq ft principal dwelling). Lot size: 93,654 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
Range • Dishwasher • Refrigerator
Neighborhood
Medical Facility • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First26 x 13
Flooring - Vinyl
Dining Room
Lvl First14 x 13
Flooring - Vinyl, Closet - Double
Kitchen
Lvl First11 x 13
Flooring - Vinyl, Pantry, Deck - Exterior, Exterior Access, Slider, Stainless Steel Appliances
Master Bedroom
Lvl Second17 x 12
Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Vinyl
Bedroom 2
Lvl Second15 x 10
Bedroom 3
Lvl Second13 x 10
Closet, Flooring - Vinyl
Bathroom 1
Lvl First5 x 9
Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second11 x 6
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Kelly Yakuben
Listing Office: Liberty Real Estate
MLS® Number: 73564590
