Active
39 Days on market
515 Lake Avenue Worcester — Photo 1 of 31

515 Lake Avenue Worcester — Photo 1 of 31

Recent Drop: $10,000

$449,000
$439,000

$439,000

515 Lake Avenue, Worcester, MA 01604

Worcester, MA 01604 — Lake Ave

Investor Analysis

Beds

2

Baths

2

SqFt

1,442

Style

Single Family

Built

1939

Welcome to this charming Cape-style home in the desirable Lake Park area! The inviting first floor features a spacious living room with a cozy brick fireplace, a dining room and study, plus a convenient flex/play area. Beautiful recently refinished hardwood floors flow throughout the home, adding warmth and character. The open kitchen offers a breakfast bar, updated appliances, and a comfortable layout for everyday living and entertaining. A first-floor laundry and full bath add to the home's convenience.Upstairs, you'll find two spacious bedrooms, including a primary bedroom with a walk-in closet and an additional closet, along with a second full bath. Outside, enjoy the level, fenced-in yard, perfect for entertaining, play, gardening, or simply relaxing. Additional highlights include a garage, a 12-year-old roof, 12-year-old boiler, new electrical panel, and a washer and dryer that are just 1 year old. Ideally located close to UMass, just 2 miles from the Mass Pike, and minutes to shopping, restaurants, Lake Park, and area schools, this home offers the perfect blend of comfort, character, convenience, and location. A wonderful opportunity not to be missed!

Key facts

It was listed on August 27, 2026. The price has come down from an original $449,000 to $439,000, most recently on September 23, 2026. The annual property taxes are $4,958 (2025 tax year). It sits on a 0.18-acre (7,895 sq ft) lot.

Immersive Experience

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$304/sqft
Local Avg (Worcester)$289/sqft
5% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Worcester, MA.

Property Details

Financials

Original Price$449,000
Annual Taxes$4,958

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Hardwood
BasementFull, Concrete

Climate & Utilities

HeatingBaseboard
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRS-7

Property & Lot

Acres0.18
SqFt Lot7,895
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Water Heater • Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 2
First
OfficeBathroom 1
Main,First
Living RoomDining RoomKitchen
Main
Family Room
Living Room
Lvl Main,First

25 x 11

Flooring - Hardwood

Dining Room
Lvl Main,First

11 x 11

Flooring - Hardwood, Exterior Access

Kitchen
Lvl Main,First

12 x 16

Flooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Deck - Exterior

Office
Lvl First

8 x 9

Flooring - Hardwood

Family Room
Lvl Main

11 x 7

Flooring - Hardwood

Primary Bedroom
Lvl Second

11 x 15

Closet

Bedroom 2
Lvl Second

11 x 15

Bathroom 1
Lvl First

Bathroom - Full

Bathroom 2
Lvl Second

Bathroom - Full

Property History

Price Drop
$439,000

Was $449,000

Sep 23, 2026

MLS® 73568870

Listed
$449,000

Aug 27, 2026

MLS® 73568870

Questions about this home

When was 515 Lake Avenue, Worcester listed?

515 Lake Avenue, Worcester was listed on August 27, 2026.

Has the price of 515 Lake Avenue, Worcester changed?

The price has come down from an original $449,000 to $439,000, most recently on September 23, 2026.

What are the property taxes for 515 Lake Avenue, Worcester?

The annual property taxes for 515 Lake Avenue, Worcester are $4,958 (2025 tax year).

How big is the lot at 515 Lake Avenue, Worcester?

515 Lake Avenue, Worcester sits on a 0.18-acre (7,895 sq ft) lot.

What is the status of 515 Lake Avenue, Worcester?

515 Lake Avenue, Worcester is actively listed for sale.

Population

39,812

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$74K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

55.9%

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: 721 sq ft (the lesser of 900 sq ft or half the 1,442 sq ft principal dwelling). Lot size: 7,895 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 Provided By

Listing Agent: Sandy Mcginnis

Listing Office: Coldwell Banker Realty - Worcester

MLS® Number: 73568870