Active
25 Days on market
41 Spruce Rd. North Reading — Photo 1 of 40

41 Spruce Rd. North Reading — Photo 1 of 40

$2,200,000

Investment Analysis — 41 Spruce Rd.

North Reading, MA 01864

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01864 carries an estimated $4,200/mo in gross rent — about a 0.70% cap rate and $15,402/yr in estimated NOI at the $2,200,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

5.5

SqFt

4,949

Style

Single Family

Built

1994

Luxury meets lifestyle in this spectacular North Reading estate, featuring expansive living space, unmatched privacy, and room to live, entertain, and unwind. Your own private retreat, spacious and sophisticated, surrounded by nature and thoughtfully designed for exceptional everyday living. An additional building lot offers future possibilities, though you may decide the true value lies in preserving the extraordinary privacy and estate-like setting. Opportunities of this caliber rarely come to market and seldom remain available for long. Don't miss your chance to own one of North Reading's premier estate properties. By Appointment only

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,949 sq ft principal dwelling). Lot size: 120,000 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$2,200,000
Annual Taxes$22,902

Parking

Garage4
Off-Street20

Interior Specifications

Total Rooms10
Fireplaces3
FlooringWood, Tile
BasementPartial, Finished, Interior Entry, Concrete

Climate & Utilities

HeatingForced Air, Oil
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres2.75
SqFt Lot120,000
Lot FeaturesWooded, Easements

Amenities & Appliances

Water Heater • Range • Oven • Dishwasher • Refrigerator • Water Treatment

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenOfficeFamily Room
Basement
Bedroom 5
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Office
Lvl First
Family Room
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Bedroom 5
Lvl Basement
Bathroom 1
Lvl Second
Bathroom 2
Lvl Second
Bathroom 3
Lvl Second
Listing Provided By

Listing Agent: John E. Magazzu

Listing Office: Charlesgate Realty Group LLC

MLS® Number: 73565275

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