38 Lake St Spencer — Photo 1 of 27
Recent Drop: $16,900
$498,000
38 Lake St, Spencer, MA 01562
Spencer, MA 01562
Beds
4
Baths
2.5
SqFt
2,224
Style
Single Family
Built
2005
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.
Key facts
It was listed on August 25, 2026. The price has come down from an original $514,900 to $498,000, most recently on September 1, 2026. The annual property taxes are $5,464 (2026 tax year). It sits on a 0.64-acre (27,798 sq ft) lot.
Market Value Analysis
* Analysis is based on 19 actively listed and recently sold comparable properties strictly within Spencer, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • ENERGY STAR Qualified Dishwasher • Range Hood • Cooktop • Oven • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Public School
Geography
Floorplan Breakdown
Structural Layout
Primary Bedroom
Lvl SecondBathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet, High Speed Internet Hookup, Closet - Double
Property History
$498,000
Was $514,900
Sep 1, 2026
MLS® 73568372
$514,900
Aug 25, 2026
MLS® 73568372
Questions about this home
When was 38 Lake St, Spencer listed?
38 Lake St, Spencer was listed on August 25, 2026.
Has the price of 38 Lake St, Spencer changed?
The price has come down from an original $514,900 to $498,000, most recently on September 1, 2026.
What are the property taxes for 38 Lake St, Spencer?
The annual property taxes for 38 Lake St, Spencer are $5,464 (2026 tax year).
How big is the lot at 38 Lake St, Spencer?
38 Lake St, Spencer sits on a 0.64-acre (27,798 sq ft) lot.
What is the status of 38 Lake St, Spencer?
38 Lake St, Spencer is actively listed for sale.
Population
12,008
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$81K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
37.0%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Worcester County
1,805 housing units permitted in the last 12 months (+1% vs the prior 12 months) — 1,007 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
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: 900 sq ft (the lesser of 900 sq ft or half the 2,224 sq ft principal dwelling). Lot size: 27,798 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.
Listing Agent: Jonathan Minerick
Listing Office: homecoin.com
MLS® Number: 73568372
