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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

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William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 38 King Dr, Wilbraham, MA 01095
Active Under Contract
281 Days on market
38 King Dr Wilbraham — Photo 1 of 21

38 King Dr Wilbraham — Photo 1 of 21

Recent Drop: $150,000

$700,000
$550,000

$550,000

38 King Dr, Wilbraham, MA 01095

Wilbraham, MA 01095

Beds

1

Baths

1

SqFt

600

Style

Single Family

Built

1950

Builders, developers, and investors: this is a rare opportunity to acquire 98 acres of land with significant potential and seller financing available for qualified buyers. The property includes a 1-bedroom cottage with vaulted wood ceilings and large windows overlooking the Chicopee River. The home requires a full rehab but offers a strong starting point for a riverfront residence. Zoned primarily R-60, this parcel offers multiple development pathways (buyer to conduct due diligence): Potential for 8–9 frontage lots starting on Maynard Road and King Drive, Renovate or rebuild the existing riverfront cottage, Approximately 75 remaining acres suitable for a subdivision, condo development, estate lots, or possible solar installation with planning board approval. This property features wooded privacy, rolling terrain, and beautiful river frontage. A country setting with convenient access to Route 20, the Mass Pike, and area amenities. Large tracts of riverfront with flexibility are rare.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$917/sqft
Local Avg (Wilbraham)$247/sqft
271% AboveMarket Average

* Analysis is based on 16 actively listed and recently sold comparable properties strictly within Wilbraham, MA.

Property Details

Financials

Original Price$700,000
Annual Taxes$8,198

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms3
FireplacesNone
Flooring--
BasementFull, Unfinished

Climate & Utilities

HeatingNone
CoolingNone
WaterPrivate
SewerPrivate Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningR60

Property & Lot

Acres98
SqFt Lot4,268,898
Lot FeaturesEasements, Sloped

Geography

Property History

Price Drop
$550,000

Was $650,000

May 19, 2026

MLS® 73454688

Price Drop
$650,000

Was $700,000

Jan 5, 2026

MLS® 73454688

Listed
$700,000

Nov 13, 2025

MLS® 73454688

Population

14,618

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

Median Household Income

$122K

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

Renter-Occupied Homes

11.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '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: 300 sq ft (the lesser of 900 sq ft or half the 600 sq ft principal dwelling). Lot size: 4,268,898 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.

Full Wilbraham, MA market report ZIP 01095 market data
Listing Provided By

Listing Agent: Megan Hayden

Listing Office: Century 21 North East

MLS® Number: 73454688

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