For sale

Price cut: $16.9K (9/1)

$498,000

38 Lake St, Spencer, MA 01562

4beds

2,224sqft

$3,406/mo

Get pre-qualified

Single Family Residence

Built in 2005

0.64 Acres Lot

$497,500 Zestimate^®

$224/sqft

$-- HOA

What's special

Dedicated laundry roomPrivate elevated hill lotFormal dining room

Private 4-BR Colonial by Luther Hill ParkSpacious 8-room Colonial on a private, elevated hill lot at the end of a dead-end street. Backyard directly borders and accesses Luther Hill Park for beach swimming, lifeguards, fishing, kayaking, canoeing, bicycling, and live entertainment.Main floor features a large eat-in kitchen with a center island, dedicated laundry room, formal dining room, living room, and a massive bonus family room with soaring cathedral ceilings. Upstairs offers 4 spacious bedrooms and 2 full baths, including a primary master suite with cathedral ceilings. Includes an attached 2-car garage.Conveniently located near a local bus line with a straightforward drive to Worcester, Boston, Hartford, Springfield, and Providence.

48 days
914
54

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet, High Speed Internet Hookup, Closet - Double
Level: Second

Heating

Baseboard, Oil, ENERGY STAR Qualified Equipment

Cooling

Window Unit(s)

Appliances

Included: Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, ENERGY STAR Qualified Dishwasher, Range Hood, Cooktop, Oven, Plumbed For Ice Maker
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Finish - Sheetrock, Internet Available - Broadband, Internet Available - DSL
Flooring: Wood, Tile, Hardwood
Doors: Storm Door(s), French Doors
Windows: Insulated Windows
Basement: Full,Partially Finished,Interior Entry,Bulkhead,Concrete,Unfinished
Number of fireplaces: 1

Interior area

Total structure area: 2,224
Total interior livable area: 2,224 sqft
Finished area above ground: 2,224
Finished area below ground: 0

Property

Parking

Total spaces: 9
Parking features: Attached, Paved Drive, Off Street, Paved
Attached garage spaces: 2
Uncovered spaces: 7

Accessibility

Accessibility features: No

Features

Patio & porch: Deck - Wood, Deck - Composite
Exterior features: Deck - Wood, Deck - Composite, Decorative Lighting, Satellite Dish, Lighting
Has view: Yes
View description: Scenic View(s), Water, Lake
Has water view: Yes
Water view: Lake,Water
Waterfront features: Lake/Pond, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Frontage length: 120.00

Lot

Size: 0.64 Acres
Features: Wooded, Sloped

Details

Parcel number: M:0U15 B:0022 L:0000,1693312
Zoning: LR
Other equipment: Satellite Dish

Construction

Type & style

Home type: SingleFamily
Architectural style: Colonial
Property subtype: Single Family Residence

Materials

Frame
Foundation: Concrete Perimeter
Roof: Shingle

Condition

Year built: 2005

Utilities & green energy

Electric: 110 Volts, 220 Volts, 200+ Amp Service, Smart Grid Meter
Sewer: Inspection Required for Sale, Private Sewer
Water: Public
Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Public School

HOA

Has HOA: No

Location

Region: Spencer

Financial & listing details

Price per square foot: $224/sqft
Tax assessed value: $497,600
Annual tax amount: $5,464
Date on market: 8/25/2026
Exclusions: None All Appliances Are Included In Sale
Road surface type: Paved

Estimated market value

$497,500

$473,000 - $522,000

$3,270/mo

Price history

Date	Event	Price
9/1/2026	Price change	$498,000-3.3%$224/sqft
Source: MLS PIN #73568372 Report a problem
8/26/2026	Listed for sale	$514,900-1.2%$232/sqft
Source: MLS PIN #73568372 Report a problem
7/28/2026	Listing removed	--
Source: Owner Report a problem
7/16/2026	Listed for sale	$521,200+0.3%$234/sqft
Source: Owner Report a problem
7/14/2026	Listing removed	$519,900$234/sqft
Source: MLS PIN #73524367 Report a problem
6/27/2026	Price change	$519,900-3.7%$234/sqft
Source: MLS PIN #73524367 Report a problem
6/6/2026	Price change	$539,900-3.6%$243/sqft
Source: MLS PIN #73524367 Report a problem
5/27/2026	Listed for sale	$559,900+53%$252/sqft
Source: MLS PIN #73524367 Report a problem
10/19/2005	Sold	$365,900+262.3%$165/sqft
Source: Public Record Report a problem
1/3/2005	Sold	$101,000+152.5%$45/sqft
Source: Public Record Report a problem
11/13/1998	Sold	$40,000$18/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,500 +2.7%	$468,500 +0.1%
2024	$5,355 +6.7%	$468,100 +12.5%
2023	$5,017 +4.4%	$416,000 +13.9%
2022	$4,807 +5.9%	$365,300 +13%
2021	$4,541 +8.3%	$323,400 +8.9%
2020	$4,192 +3.3%	$296,900 +1.4%
2019	$4,058 +6.8%	$292,800 +3.5%
2018	$3,798 -0.2%	$283,000 +4%
2017	$3,804 +1.3%	$272,100 +3.5%
2016	$3,757 +3.9%	$262,900 -0.6%
2015	$3,616 +4%	$264,500
2014	$3,478 +2.9%	$264,500 0%
2013	$3,379 +3.6%	$264,600 -0.4%
2012	$3,262 +5.5%	$265,600 -4.9%
2011	$3,093 +6%	$279,400 -6%
2010	$2,919 -1.9%	$297,300 -12.6%
2009	$2,975 +7.4%	$340,000 -2.8%
2008	$2,770 +2.4%	$349,800
2007	$2,704 -0.1%	$349,800 +9.7%
2006	$2,707 +307.1%	$318,900 +317.4%
2005	$665 +3.6%	$76,400
2004	$642 +11.5%	$76,400 +65.4%
2003	$576 +10.6%	$46,200
2001	$521 +3.4%	$46,200 +13%
2000	$504 +7%	$40,900 -4%
1997	$471	$42,600