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Middlesex
12 Spruce Road
$350,000
● House - Off Market

12 Spruce Road

North Reading, MA 01864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,580 Ft²
$761,433
RealtyHop Estimate
117.55%
Since Apr 1, 2012
MA-Boston
Primary Model

About This Property

Open house Saturday February 4th & Sunday February 5th.12-2. Fabulous location at the start of  Desirable Ridgeway Estates. Value of home is enhanced by this exceptional area, seven year old roof. New furnace 1996. newer Harvey window Hardwood floors on main floor included kitchen. freshly painted interior and exterior. Refrig,Micro,stove,d/w and w/d left as gifts. Home priced to sell !! All Offers to reviewed by owner Sunday 4:00 p.m. February 5, 2012.  Do not miss out on this exceptional value
Unit Size
1,580 Ft²
Days on Market
-
Land Size
0.73 acres
Price per sqft
$222
Property Type
House
Property Taxes
$417
HOA Dues
-
Year Built
1962

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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: 6 months ago (MLSPIN #71333183)

Price History

Date / Event Date Event Price
Mar 19, 2012 Sold
Premium
Sold
Jan 31, 2012 Listed by Renaissance REALTORS® $350,000
Listed by Renaissance REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,444
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,799
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,528
  • Building Area: 1,528
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,528
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000730
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Reading School District
  • School Tax School District: NO READING SD
  • Census Tract: 330201

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:034.0 B:0000 L:0045.0
  • Lot: 45.0
  • Municipality: NORTH READING
  • Latitude: 42.5814
  • Longitude: -71.0991

    Address

  • Full Address: 12 Spruce Rd
  • Address - House Number: 12
  • Address - Street Name: Spruce
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 1720
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,048,200

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 872,595
  • High Value: 1,025,358
  • Low Value: 719,832

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $793,500
  • Assessed Land Value: $442,800
  • Assessed Improvements Value: $350,700

    Sales

  • Current Sale Recording Date: Mar 19, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000159
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 Middlesex

Stats & Trends

Median Asking:

$824,900

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2702 ft²

Average Home Age

65.1 years

Currently For Sale

3030 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

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71333183

Frequently Asked Questions

When was property at 12 Spruce Road built and last sold?
The property at 12 Spruce Road was built in 1962 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 12 Spruce Road is $372,230.
What are some comparable homes to 12 Spruce Road?
There are currently no comparable homes to 12 Spruce Road.
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