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Framingham 01701
62 Spruce St
$360,000
● House - Off Market

62 Spruce St

Framingham, MA 01701
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,320 Ft²
$553,974
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Adorable Cape in quiet neighborhood in North Framingham. One car attached garage, large level private yard with patio and 3 season porch.  Newer architectural shingle roof and vinyl siding (2006), windows (2007) solar panels through Solar City (2014). 4 bedrooms with hardwood and pine flooring, skylights, separate dining area.  Potential 2nd bath on the 2nd floor between the 2 bedrooms, each with pine floors and skylights. Full open unfinished basement with washer/dryer, utility sink.  This house is the best value in North Framingham.
Unit Size
1,320 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$269
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1932

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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 #72168291)

Price History

Date / Event Date Event Price
May 5, 2021 Sold
Premium
Sold
Feb 9, 2021 Listed by William Raveis R.E. & Home Services $424,900
Listed by William Raveis R.E. & Home Services
Jul 20, 2017 Sold
Premium
Sold
May 19, 2017 Listed by William Raveis R.E. & Home Services $355,000
Listed by William Raveis R.E. & Home Services
Jan 10, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 720
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,284
  • Total Building Area: 1,272
  • Gross Building Area: 2,624
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000282
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383903

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_675344_2940154
  • Parcel: FRAM M:058 B:50 L:3145 U:000
  • Block: 50
  • Lot: 3145
  • Municipality: FRAMINGHAM
  • Latitude: 42.3159
  • Longitude: -71.4293

    Address

  • Full Address: 62 Spruce St
  • Address - House Number: 62
  • Address - Street Name: Spruce
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C035
  • 4-Digit Zip Code: 4350
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $677,600

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 602,474
  • High Value: 713,225
  • Low Value: 491,724

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $543,800
  • Assessed Land Value: $235,200
  • Assessed Improvements Value: $308,600

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 102114
  • Previous Sale Recording Date: Jul 20, 2017
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: O
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 Framingham

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$364

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2075 ft²

Average Home Age

63.2 years

Currently For Sale

136 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72168291

Frequently Asked Questions

When was property at 62 Spruce Street built and last sold?
The property at 62 Spruce Street was built in 1932 and last sold on Mar 5, 2021 for $475,300.
How much is this home worth?
The estimated value of the home located at 62 Spruce Street is $427,365.
What are some comparable homes to 62 Spruce Street?
There are currently no comparable homes to 62 Spruce Street.
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