18 Spruce Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by Coldwell Banker Realty - Westford | $450,000 | |
| Listed by Coldwell Banker Realty - Westford | |||
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This ranch style home is located in the Timberlee Park neighborhood on the east side of Townsend near Pepperell, Groton and Shirley town lines. It features one level living with an attached garage and a large great room addition with a cathedral ceiling, wood laminate floor, gas stove and French doors leading to a patio. A new 3 bedroom septic system was just installed and the current owners have replaced the windows. Attic insulation was installed per Mass Save recommendations. There is a very large level backyard with newer attractive fencing. Wooded town land across the street offers privacy. There are mini split AC units and the the primary bedroom features a custom closet. The galley kitchen features a tile floor and granite countertops and a newer gas range. Perfect for a downsizer, fist time home buyer or as a condo alternative.
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| Jun 29, 2015 | Sold | ||
| Sold | |||
| May 12, 2015 | Listed by Coldwell Banker Realty - Westford | $246,800 | |
| Listed by Coldwell Banker Realty - Westford | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017