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Framingham 01701
85 Spruce St
$612,500
● House - Off Market

85 Spruce St

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,960 Ft²
$606,851
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to this beautifully maintained ranch home settled in a private neighborhood in the wonderful North Framingham. This lovely, expanded 3 brm 2 full bath has almost 2,000 sqft of living space, plus a full unfinished, walk out basement with great expansion potential and 1 good size car garage. Elegant living room with fireplace, wood beamed ceilings, picture window, built-ins and hardwood floors. Nice size gourmet kitchen with center island, 2 skylights, extend to a huge open concept dining room with vaulted ceiling and beautiful picture windows. Lovely master suite addition with walk out to the deck overlooking the private and fenced in backyard. Gas heat! New 200 Amp Electric panel and roof over master suite was updated summer 2019.
Unit Size
1,960 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$301
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (MLSPIN #72989335)

Price History

Date / Event Date Event Price
Jul 12, 2022 Sold
Premium
Sold
Jun 1, 2022 Listed by RE/MAX Executive Realty $590,000
Listed by RE/MAX Executive Realty
Sep 3, 2019 Sold
Premium
Sold
Jun 20, 2019 Listed by RE/MAX Executive Realty $449,900
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,478
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,992
  • Total Building Area: 1,960
  • Gross Building Area: 4,158
  • Building Area: 1,960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000436
  • 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_675267_2939775
  • Parcel: FRAM M:069 B:59 L:2767 U:000
  • Block: 59
  • Lot: 2767
  • Municipality: FRAMINGHAM
  • Latitude: 42.3149
  • Longitude: -71.4293

    Address

  • Full Address: 85 Spruce St
  • Address - House Number: 85
  • Address - Street Name: Spruce
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C035
  • 4-Digit Zip Code: 4364
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $734,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 705,237
  • High Value: 833,473
  • Low Value: 577,001

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $589,800
  • Assessed Land Value: $241,300
  • Assessed Improvements Value: $348,500

    Sales

  • Current Sale Contract Date: Jul 12, 2022
  • Current Sale Recording Date: Jul 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 105805
  • Previous Sale Recording Date: Sep 03, 2019
  • Previous Sale Contract Date: Aug 19, 2019
  • Previous Sale Amount: $456,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$676,514

Sale Price/ft²

$365

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2051 ft²

Average Home Age

60.7 years

Currently For Sale

127 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: 5 months ago
Data Source: MLS PIN, MLS# 72989335

Frequently Asked Questions

When was property at 85 Spruce Street built and last sold?
The property at 85 Spruce Street was built in 1950 and last sold on Jul 12, 2022 for $612,500.
How much is this home worth?
The estimated value of the home located at 85 Spruce Street is $597,923.
What are some comparable homes to 85 Spruce Street?
There are currently no comparable homes to 85 Spruce Street.
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