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Middlesex 01730
2 Spring Lane
$450,000
● House - Off Market

2 Spring Lane

Bedford, MA 01730
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,516 Ft²
$905,406
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

Welcome home to this old style Colonial sited on close to an acre of beautiful land. This sweet 1912 colonial has all of the charm and character you would expect in a home of this age. This special home offers hardwood floors, 3/4 bedrooms, 2 full baths, formal living room and dining room with built-in china cabinet. Further enjoy the detached 2 car garage and storage shed. Walk to Springs Brook park, grab the MBTA bus into Cambridge or follow the sidewalks right to the center of town!
Unit Size
1,516 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$315
Property Type
House
Property Taxes
$544
HOA Dues
-
Year Built
1912

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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 #71519421)

Price History

Date / Event Date Event Price
Aug 15, 2013 Sold
Premium
Sold
May 3, 2013 Listed by The Higgins Group REALTORS® $478,000
Listed by The Higgins Group REALTORS®

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 622
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,750
  • Total Building Area: 1,500
  • Gross Building Area: 2,920
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000981
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bedford School District
  • School Tax School District: BEDFORD SD
  • Census Tract: 359100

Zoning

  • Zoning: B

Geography

  • Parcel: BEDF M:045 P:0032
  • Municipality: BEDFORD
  • Latitude: 42.4967
  • Longitude: -71.2739

    Address

  • Full Address: 2 Springs Ln
  • Address - House Number: 2
  • Address - Street Name: Springs
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Bedford
  • Carrier Code: C005
  • 4-Digit Zip Code: 1801
  • Zip Code: 01730

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $855,800

    Appraisal Valuation

  • Standard Deviation: 0.1765
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 849,184
  • High Value: 999,120
  • Low Value: 699,248

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $720,400
  • Assessed Land Value: $550,000
  • Assessed Improvements Value: $170,400

    Sales

  • Current Sale Recording Date: Aug 15, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000017
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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2700 ft²

Average Home Age

62.6 years

Currently For Sale

3165 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: 4 months ago
Data Source: MLS PIN, MLS# 71519421

Frequently Asked Questions

When was property at 2 Spring Lane built and last sold?
The property at 2 Spring Lane was built in 1912 and last sold on Jan 1, 1970 for $450,000.
How much is this home worth?
The estimated value of the home located at 2 Spring Lane is $491,413.
What are some comparable homes to 2 Spring Lane?
There are currently no comparable homes to 2 Spring Lane.
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