Acquisition & Project Basics
Property Characteristics: 6 bedroom, 5 bathroom lakefront home situated on a large corner lot with direct views of Webster Lake.
Location: Webster, MA
Acquisition Source: Previous seller relationship. This property was acquired from the same seller involved in the successful 6 Einhorn Road transaction.
Construction Timeline: Approximately 3 Months
Current Status: Under Agreement
Project KPIs
High Level Financials
Acquisition Price: $650,000
Renovation Budget: Approximately $135,000
Target Disposition Price: $935,000
Investment Structure: Primary lender financing.
Value Add Summary
High Level Scope of Work:
- Expanded deck overlooking the lake
- Opened portions of the floor plan
- Replaced three large lake-facing sliding doors
- Updated kitchen and bathrooms
- Improved primary bedroom suites
- Enhanced curb appeal and exterior presentation
- Addressed financing and occupancy compliance items
Value Add Highlights:
- Positioned the property as a turnkey lakefront retreat while preserving upside for future owners.
- Enhanced the home’s connection to Webster Lake through expanded outdoor living space and improved sightlines.
- Focused improvements on the areas most important to lakefront buyers, including entertaining space, water views, and primary living areas.
- Expanded the buyer pool by ensuring the property qualifies for conventional financing.
- Verified and addressed occupancy considerations related to the lower-level in-law apartment.
Projected Outcome
This project focuses on strategic improvements rather than a full-scale renovation. The goal is to reposition a well-located lakefront property into a move-in-ready home that appeals to both primary residence buyers and vacation home purchasers.
By combining targeted upgrades, improved marketability, and strong waterfront appeal, the property is being positioned to capture peak seasonal demand and maximize exposure during the summer lake market.
175 Killdeer Rd Webster
Below are a few exterior & interior pictures of this project showing state of the property before a complete overhaul.