NOT LISTED FOR SALE

31 Lake Ave Spencer, MA 01562

Estimated Value: $346,000 - $729,000

3 Beds
2.5 Baths
1,478 Sq Ft
$375/Sq Ft Est. Value

Sale Details

Date Sold: January 29, 2025

Last sale price $639,000 $432 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $3,323 / mo

4 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • Colonial Architecture
  • Private Water Access
  • Open Floorplan
  • Deck

About This Home

As of January 2025

Welcome to this natural sun splashed, year-round, 3 bedrooms, 3 bath waterfront home on the private, captivating 463 acre, fully recreational (boats, water skiing, snowmobiles, etc.) Stiles Reservoir. Enjoy the front to back living area leading to the beautiful 2 tier deck with gorgeous sunsets in summer and winter months, all year long. Hardwoods throughout. Newly remodeled kitchen with stunning cabinets and quartz countertops and remodeled baths. All newer windows and skylights. Lifetime guarantee on the 3-year-old metal roof. 10 years young 3-bedroom septic. Water treatment system. Mini splits in every room. Just steps to beach to enjoy all your favorite activities or just relax and with a cup of coffee to watch the sunset. Bonus-no flood insurance needed!!! Don't miss this opportunity to own a beautiful home on Stiles Reservoir. Make your appointment today.

Last Agent to Sell the Property

Kim Tiscione Casella

Prestigious Homes Listed on: 11/30/2024

Co-Listed By

Cheryl Victor

Prestigious Homes

Last Buyer's Agent

Maria Troka

A & E Realty Company, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,484

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 4,280 Sq Ft Lot
  • Private Waterfront
  • Property fronts a private road
  • Fenced Yard

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,478 Sq Ft Home
  • Open Floorplan
  • Skylights
  • Recessed Lighting
  • Decorative Lighting
  • Insulated Windows
  • Bay Window
  • Sliding Doors
  • Insulated Doors
  • Dining Area
  • Lake Views
  • Washer and Electric Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Freezer
  • Solid Surface Countertops

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • Dual Closets
  • Linen Closet
  • Double Vanity
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower
  • Linen Closet In Bathroom

Attic

  • Attic Access Panel
  • Attic Ventilator

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction
  • Laundry in Basement

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Private Water Access
  • Mooring
  • Balcony
  • Deck

Location

  • Property is near schools

Schools

  • Knox Trail Middle School
  • David Prouty High School

Utilities

  • Ductless Heating Or Cooling System
  • 4 Cooling Zones
  • 4 Heating Zones
  • Heating Available
  • 200+ Amp Service
  • Water Treatment System
  • Private Water Source
  • Water Heater
  • Sewer Inspection Required for Sale
  • Private Sewer
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number M:00U27 B:00035 L:00000,1694057

Community Details

Recreation

  • Park
  • Jogging Path

Additional Features

  • No Home Owners Association
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,484

Year Built

Built in 1950 | Remodeled

Lot Details

4,280 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1950
  • Buyer Agency Type: %
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Tile, Hardwood, Engineered Hardwood
  • Interior Amenities: Internet Available - Unknown
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace YN: No
  • Appliances: Water Heater, Range, Microwave, Refrigerator, Freezer, Water Treatment
  • Total Bedrooms: 3
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Skylight, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Attic Access, Recessed Lighting, Closet - Double
  • Room Bedroom3 Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Room Bedroom3 Level: First
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Room Master Bedroom Features: Skylight, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony - Exterior, Recessed Lighting, Slider, Closet - Double
  • Room Master Bedroom Level: Second
  • Bathroom 1 Features: Bathroom - Half, Closet - Linen, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Upgraded, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 2 Features: Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Recessed Lighting
  • Bathroom 3 Features: Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Jacuzzi / Whirlpool Soaking Tub, Double Vanity
  • Bathroom 3 Level: Second
  • Room Kitchen Level: First
  • Room Kitchen Features: Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Deck - Exterior, Open Floorplan, Recessed Lighting, Remodeled, Flooring - Engineered Hardwood, Window Seat
  • Laundry Features: In Basement, Electric Dryer Hookup, Washer Hookup
  • Room Living Room Level: First
  • Room Living Room Features: Window(s) - Bay/Bow/Box, Deck - Exterior, Open Floorplan, Recessed Lighting, Slider, Flooring - Engineered Hardwood
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 1478
  • Spa YN: No
  • Window Features: Insulated Windows, Storm Window(s)
  • MAIN LO: AC1779
  • MAIN SO: K95368
  • Insulation: Full

Exterior Features

  • Exterior Features: Deck - Wood, Decorative Lighting, Fenced Yard
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Concrete Perimeter, Block
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Private Road
  • Road Surface Type: Unimproved
  • Roof: Metal
  • Waterfront Features: Waterfront, Lake, Frontage, Direct Access, Private
  • Waterfront YN: Yes
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Deeded, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Inspection Required for Sale, Private Sewer
  • Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Cooling: Ductless
  • Heating: Electric, Ductless
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Private
  • HEAT ZONES: 4
  • COOLING ZONES: 4

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Shopping, Park, Walk/Jog Trails, House of Worship, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00U27 B:00035 L:00000,1694057
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4280
  • Lot Size Units: Acres
  • Property Attached YN: No
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Attic Vent Elec.

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4484

Multi Family

  • Basement Included Sq Ft: No
  • Waterview: Dock/Mooring, Lake, Private

MLS Schools

  • High School: David Prouty
  • Middle Or Junior School: Knox Trail

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2024
Closed on
Jan 29, 2025
Sold by
Coleman Stephen and Coleman Bonnie A
Bought by
Ostromecky Tara
Seller's Agent
Kim Tiscione Casella
Prestigious Homes
Buyer's Agent
Maria Troka
A & E Realty Company, Inc.
List Price
$649,000
Sold Price
$639,000
Premium/Discount to List
-$10,000
-1.54%
Views
51
Current Estimated Value
$553,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85,312
Avg. Annual Appreciation
-10.91%
Original Mortgage
$479,700
Outstanding Balance
$473,667
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$80,021

Purchase Details

Closed on
Jun 8, 2021
Sold by
Coleman Stephen M and Coleman Bonnie A
Bought by
Coleman Stephen M and Coleman Bonnie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 1996
Sold by
Becker Martin and Becker Kathy A
Bought by
Coleman Stephen and Coleman Bonnie

Purchase Details

Closed on
Nov 15, 1991
Sold by
11 Pattison St Corp
Bought by
Heritage Bank Svgs
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ostromecky Tara $639,600 None Available
Coleman Stephen M -- None Available
Coleman Stephen -- None Available
Coleman Stephen M -- None Available
Coleman Stephen $147,400 --
Heritage Bank Svgs $120,000 --
Coleman Stephen M $147,400 --
Heritage Bank Svgs $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ostromecky Tara $479,700
Closed Ostromecky Tara $479,700
Previous Owner Coleman Stephen M $300,000
Previous Owner Heritage Bank Svgs $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2025 01/29/25 Sold $639,000 -1.5% $432 / Sq Ft
12/04/2024 12/04/24 Pending -- -- --
11/30/2024 11/30/24 For Sale $649,000 -- $439 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,602 $392,000 $113,400 $278,600
2024 $4,484 $392,000 $113,400 $278,600
2023 $4,305 $357,000 $113,400 $243,600
2022 $4,151 $315,400 $103,100 $212,300
2021 $4,093 $291,500 $103,100 $188,400
2020 $3,855 $273,000 $103,100 $169,900
2019 $3,538 $255,300 $88,100 $167,200
2018 $3,466 $258,300 $102,400 $155,900
2017 $3,424 $244,900 $95,700 $149,200
2016 $3,420 $239,300 $99,400 $139,900
2015 $3,849 $281,600 $145,400 $136,200
2014 $3,703 $281,600 $145,400 $136,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73316238

MLS Property Information Network (MLS PIN)

APN: SPEN-000027U-000035

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