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43 Salminen Dr, Leicester, MA, 01524

2beds
1baths
816sqft
$675,000
$827price/sqft
$4,735/moest. monthly cost
$189,400/yrincome needed

About This Home

Escape to this charming waterfront retreat on beautiful Stiles Reservoir, a full recreational lake with over (approximately) 300 feet of frontage. Tucked into a peaceful, natural setting, this inviting home features open concept living with soaring cathedral ceilings and a cozy brick fireplace, creating comfort, privacy and breathtaking scenery! Follow the natural rock steps through mature trees to the aluminum dock where you'll enjoy expansive water views, kayaking, fishing, boating or simply relaxing by the shoreline. With generous water frontage, this property provides an exceptional opportunity to enjoy the beauty of lake living right in your own front yard. Whether you're looking for a year round residence, a weekend getaway or a place to unwind and reconnect with nature, you'll appreciate the tranquil surroundings, picturesque setting and stunning sunsets over the reservoir.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
12
BikeSomewhat Bikeable

Schools

5/10
Leicester Middle SchoolGrades 5-83.6 mi
4/10
Leicester High SchoolGrades 9-123.3 mi

Construction

Condition

  • Year built: 2001

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater,Range,Dishwasher,Refrigerator,Washer,Dryer
  • Laundry features: In Basement,Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Concrete,Unfinished

Bedroom2

  • Features: Closet, Flooring - Wood
  • Level: First
  • Area: 99

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Door features: Insulated Doors
  • Window features: Insulated Windows
  • Flooring: Wood,Pine
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area above ground: 816

Heating & Cooling

  • Heating features: Baseboard,Oil
  • Cooling features: None

Interior Area

  • Total structure area: 816
  • Total interior livable area: 816 sqft

Kitchen

  • Features: Flooring - Wood
  • Level: First
  • Area: 163.51

Living Room

  • Features: Flooring - Wood, Deck - Exterior, Slider
  • Level: First
  • Area: 180

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Closet, Flooring - Wood
  • Level: First
  • Area: 103.4

Property

Details

  • Parcel number: M:42A B:00000A3 L:0,1560719
  • Zoning: SA
  • Foundation area: 840

Features

  • Patio & porch: Deck - Wood
  • Exterior features: Deck - Wood
  • Has view: Yes
  • View description: Scenic View(s),Water,Lake
  • Has water view: Yes
  • Water view: Lake,Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Lake
  • Frontage length: 228.00

Lot

  • Lot size: 0.91 Acres
  • Features: Cleared,Gentle Sloping

Parking

  • Total spaces: 10
  • Parking features: Off Street,Unpaved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 10

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Ice Storm
Cold Wave
Hurricane
Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,413$40,956
Home Insurance *$314$3,768
Property Taxes $654$7,848
Electricity $354$4,259
Total$4,735$56,820
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$162,342/yr
40% on housing$142,050/yr
45% on housing$126,266/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$827This listing

vs Other Active Listings

Avg $/sqft

ZIP 01524$218
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01524$216
Worcester County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-03Listed for sale$675,000
2004-10-21Sold$462,500
2001-01-12Sold$75,000

For Sale by Agent

AgentMary Stolarczyk
BrokerageRE/MAX Vision

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