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Wellesley 02481
7 Spruce Park
$725,000
● House - Off Market

7 Spruce Park

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,537 Ft²
$1,467,060
RealtyHop Estimate
85.94%
Since Sep 1, 2004
MA-Boston
Primary Model

About This Property

Rare opportunity to renovate and/or remodel.  Quality built brick front Cape on 15,000+ Sq. Ft.lot on quiet Cul de Sac abutting The Brook Path.  Fabulous back yard!  Builder's own house.  Walk to everything location.  Wonderful detail, unusual floor plan and larger than it looks!  Not a drive by.  Needs updating and decor. Estate Wants offers!
Unit Size
1,537 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$513
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1937

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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: 5 months ago (MLSPIN #70031139)

Price History

Date / Event Date Event Price
Aug 18, 2004 Sold
Premium
Sold
May 8, 2004 Listed by Channing Associates $789,000
Listed by Channing Associates

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,197
  • Total Building Area: 1,537
  • Building Area: 1,537
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,537
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000349
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wellesley School District
  • School Tax School District: WELLESLEY SD
  • Census Tract: 404202

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:075 R:076 S:
  • Municipality: WELLESLEY
  • Latitude: 42.307
  • Longitude: -71.2754

    Address

  • Full Address: 7 Spruce Park
  • Address - House Number: 7
  • Address - Street Name: Spruce
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C005
  • 4-Digit Zip Code: 7509
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,217,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,247,332
  • High Value: 1,440,518
  • Low Value: 1,054,146

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,063,000
  • Assessed Land Value: $942,000
  • Assessed Improvements Value: $121,000

    Sales

  • Current Sale Recording Date: Aug 18, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 98923
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 Wellesley

Stats & Trends

Median Asking:

$2,172,500

Sale Price/ft²

$670

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4145 ft²

Average Home Age

51.4 years

Currently For Sale

59 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: 5 months ago
Data Source: MLS PIN, MLS# 70031139

Frequently Asked Questions

When was property at 7 Spruce Park built and last sold?
The property at 7 Spruce Park was built in 1937 and last sold on Jan 1, 1970 for $725,000.
How much is this home worth?
The estimated value of the home located at 7 Spruce Park is $804,299.
What are some comparable homes to 7 Spruce Park?
There are currently no comparable homes to 7 Spruce Park.
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