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Norfolk 02052
1 Spruce Way
$437,000
● House - Off Market

1 Spruce Way

Medfield, MA 02052
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,366 Ft²
$984,543
RealtyHop Estimate
82.66%
Since Nov 1, 2014
MA-Boston
Primary Model

About This Property

Original Log Home situated on a two-acre parcel off of a cul de sac in one of Medfield's Premier neighborhoods.  The  master bedroom is located on the first floor and has hardwood flooring  and good closet space.  Also located on the first floor is the kitchen with original wood cabinets and vinyl floors and the full bath housing the laundry hookup. A large Fieldstone Fireplaced Living Room is the focal point of this charming log cabin. Another bedroom is located on the  second level with another full bath.  A cathedral ceiling loft overlooks theFieldstone Fireplaced  Living Room for a view nothing less than spectacular. Stone walls and walking and riding trails are accessible from this unique property. The two-acre parcel is the perfect spot  for building the home of your dreams!  Dream with your eyes wide open!
Unit Size
1,366 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$395
Property Type
House
Property Taxes
$593
HOA Dues
-
Year Built
1975

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71674871)

Price History

Date / Event Date Event Price
Oct 29, 2014 Sold
Premium
Sold
May 4, 2014 Listed by RE/MAX Executive Realty $539,000
Listed by RE/MAX Executive Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,164
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,046
  • Total Building Area: 3,614
  • Gross Building Area: 6,548
  • Building Area: 3,614
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,614
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001998
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medfield School District
  • School Tax School District: MEDFIELD SD
  • Census Tract: 406101

Zoning

  • Zoning: RT

Geography

  • Parcel: MEDF M:0066 B:0000 L:0003
  • Lot: 3
  • Municipality: MEDFIELD
  • Latitude: 42.2049
  • Longitude: -71.3065

    Address

  • Full Address: 1 Spruce Way
  • Address - House Number: 1
  • Address - Street Name: Spruce
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Medfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 1317
  • Zip Code: 02052

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,537,300

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,200,883
  • High Value: 1,408,593
  • Low Value: 993,173

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,050,100
  • Assessed Land Value: $481,600
  • Assessed Improvements Value: $568,500

    Sales

  • Current Sale Recording Date: Oct 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 94647
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2629 ft²

Average Home Age

59.8 years

Currently For Sale

1318 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71674871

Frequently Asked Questions

When was property at 1 Spruce Way built and last sold?
The property at 1 Spruce Way was built in 1975 and last sold on Jan 1, 1970 for $437,000.
How much is this home worth?
The estimated value of the home located at 1 Spruce Way is $540,996.
What are some comparable homes to 1 Spruce Way?
There are currently no comparable homes to 1 Spruce Way.
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