Investment Analysis — 557 Federal St

This incredibly charming 1404 sf, 3 bedroom, 1.5 bath bungalow, nestled on a gently sloping hill and overlooking Arcadia Lake in Belchertown is ready for it's new owners. The current owners have made many updates to the home in the years they have lived there, including the fully renovated ~200 sf separate office/studio building with heating and cooling. The house sits directly across the street from beautiful Arcadia Lake, which does not allow motorized boats, but does allow year round fishing and summer swimming and boating, The town beach is short 0.6 miles walk or drive from the house - while views of the lake can be enjoyed year round from the many windows and deck on the first floor. The main living level includes a cozy living room with a bay window and insert wood stove. Adjacent to the living room a spacious dining room and kitchen, with a large walk out deck - overlooking to the beautiful 0.58 acre yard with shade gardens, stone paths and views of Arcadia Lake. A renovated full bathroom and guest room/office rounds out the first floor. The second floor has two bedrooms, a newer half bath and ample closets. Utlities, including washer/dryer, new boiler, hot water heat and well pump are accessed from the first floor in the small basement. There are two additional sheds on the property for yard equipment, bicycles, etc. Outdoor enthustiasts will be captivated by the nearby Norwottock Bike Trail, the New England Hiking Trail and cross country skiing at nearby Mt Lincoln. Enjoy swimming in the summer and ice skating in the winter at Arcadia Lake. This house is a peaceful, beautiful lakeside oasis within 6.5 miles of Amherst center. It has to be seen in person to be fully appreciated! First showings at open house on Saturday, October 3 from 11-1 pm.