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Middlesex
7 Spruce Rd
Photo of 7 Spruce Rd
Sold on May 23, 2025

20

Map

Photo of 7 Spruce Rd
Photo of 7 Spruce Rd
$905,000
● House - Off Market

7 Spruce Rd

North Reading, MA 01864
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,642 Ft²
$4,973
Est. Monthly
4.50%
Cap Rate

About This Property

Welcome to this beautiful 4-bedroom, 2.5-bathroom home nestled in a highly sought-after neighborhood! With its inviting curb appeal and spacious interior, this home is perfect for families, professionals, or anyone looking for comfort and convenience.Step inside to discover a bright and airy open floor plan, featuring a cozy living room, an updated kitchen with stainless steel appliances, and a dining area perfect for gatherings. The primary bedroom offers large closets with great sunlight, while three additional bedrooms provide plenty of space for guests, a home office, or hobbies. Enjoy outdoor living in the large backyard, ideal for entertaining, gardening, or relaxing. Situated in a friendly community with top-rated schools, parks, shopping, and dining just minutes away, this home truly has it all.Don't miss this incredible opportunity-schedule a showing today!
Unit Size
1,642 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$512
Property Type
House
Property Taxes
$848
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: 2 years ago (MLSPIN #73352150)

Price History

Date / Event Date Event Price
May 23, 2025 Sold
Premium
Sold
Apr 4, 2025 In contract -
In contract
Mar 31, 2025 Listed $839,900
Listed

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,038
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,642
  • Building Area: 1,642
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,642
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Reading School District
  • School Tax School District: NO READING SD
  • Census Tract: 330201

Zoning

  • Zoning: RA

Geography

  • District: 213
  • Parcel: NREA M:034.0 B:0000 L:0054.0
  • Lot: 54.0
  • Municipality: NORTH READING
  • Latitude: 42.5823
  • Longitude: -71.0979

    Address

  • Full Address: 7 Spruce Rd
  • Address - House Number: 7
  • Address - Street Name: Spruce
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Reading
  • Carrier Code: C007
  • 4-Digit Zip Code: 1719
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $945,300

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 919,225
  • High Value: 1,070,458
  • Low Value: 767,992

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $715,600
  • Assessed Land Value: $427,900
  • Assessed Improvements Value: $287,700
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:

$819,500

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2710 ft²

Average Home Age

65.2 years

Currently For Sale

3198 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: 2 years ago
Data Source: MLS PIN, MLS# 73352150

Frequently Asked Questions

When was property at 7 Spruce Road built and last sold?
The property at 7 Spruce Road was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Spruce Road is $842,130.
What are some comparable homes to 7 Spruce Road?
There are currently no comparable homes to 7 Spruce Road.
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