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Reading 01867
18 Spruce Rd
$485,000
● House - Off Market

18 Spruce Rd

Reading, MA 01867
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,712 Ft²
$858,324
RealtyHop Estimate
82.66%
Since Nov 1, 2014
MA-Boston
Primary Model

About This Property

Beautifully maintained ranch with many updates on side street in Birch Meadow. Updates include: new 2011 high efficiency boiler with stainless steel indirect hot water heater, new architecturally shingle roof in 2012, new gutters installed 2014, insulated dual pane vinyl replacement windows in 2009. Attic has fiberglass insulation. One car heated garage with automatic door. Hardwood floors under carpet. Living room with gas fireplace by propane. Refaced kitchen oak cabinets in 2010 and recessed lights. Three season porch off kitchen overlooks large back yard. Walk out basement includes finished family room with fireplace, mudroom, and heated workshop.
Unit Size
1,712 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$274
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1959

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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 #71733209)

Price History

Date / Event Date Event Price
Oct 7, 2014 Sold
Premium
Sold
Aug 23, 2014 Listed by Joe Bean Real Estate $469,900
Listed by Joe Bean Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,080
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,332
  • Total Building Area: 1,620
  • Gross Building Area: 2,280
  • Building Area: 1,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,620
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334300

Zoning

  • Zoning: S20

Geography

  • Account Number: 1340000000
  • Parcel: READ M:038.0-0000-0020.0
  • Municipality: READING
  • Latitude: 42.5402
  • Longitude: -71.1228

    Address

  • Full Address: 18 Spruce Rd
  • Address - House Number: 18
  • Address - Street Name: Spruce
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Reading
  • Carrier Code: C031
  • 4-Digit Zip Code: 1441
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $829,400

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 795,643
  • High Value: 935,162
  • Low Value: 656,125

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $707,700
  • Assessed Land Value: $464,200
  • Assessed Improvements Value: $243,500

    Sales

  • Current Sale Recording Date: Oct 07, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 153395
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 Reading

Stats & Trends

Median Asking:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2197 ft²

Average Home Age

55.6 years

Currently For Sale

35 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# 71733209

Frequently Asked Questions

When was property at 18 Spruce Road built and last sold?
The property at 18 Spruce Road was built in 1959 and last sold on Jan 1, 1970 for $485,000.
How much is this home worth?
The estimated value of the home located at 18 Spruce Road is $496,026.
What are some comparable homes to 18 Spruce Road?
There are currently no comparable homes to 18 Spruce Road.
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