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Springfield 01119 Sixteen Acres
103 Gardens Dr
$140,000
● House - Off Market

103 Gardens Dr

Springfield, MA 01119
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,426 Ft²
$270,618
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Huge Price Reduction - well below assessed value!  Don't miss out on this one-owner beauty!  A pleasure to show this Cape-Cod style home located in one of Springfield's finest areas - Sixteen Acres.  Hardwood flooring throughout much of the first floor with Maple Kitchen Cabinets.  First Floor Master Bedroom a plus!  You will enjoy having your coffee out on the enclosed sun porch looking out to the nicely maintained yard.  One car attached garage that brings you into a good sized mudroom/enclosed porch area with storage.  Den on First Floor was previously used as a 4th Bedroom. All of this on a larger corner lot!
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$102
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1954

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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: 6 months ago (MLSPIN #71693791)

Price History

Date / Event Date Event Price
Nov 19, 2014 Sold
Premium
Sold
Jun 5, 2014 Listed by Landmark, REALTORS® $145,000
Listed by Landmark, REALTORS®

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,701
  • Total Building Area: 1,426
  • Gross Building Area: 1,426
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Springfield School District
  • School Tax School District: SPRINGFIELD SD
  • Census Tract: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 55000077
  • Parcel: SPRI S:05500 P:0077
  • Municipality: SPRINGFIELD
  • Latitude: 42.1233
  • Longitude: -72.501

    Address

  • Full Address: 103 Gardens Dr
  • Address - House Number: 103
  • Address - Street Name: Gardens
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C041
  • 4-Digit Zip Code: 2535
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $384,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 71
  • Final Value: 291,318
  • High Value: 352,317
  • Low Value: 230,319

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,500
  • Assessed Land Value: $49,000
  • Assessed Improvements Value: $176,500

    Sales

  • Current Sale Recording Date: Nov 19, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 58540
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 Sixteen Acres

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1338 ft²

Average Home Age

50.8 years

Currently For Sale

29 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: 6 months ago
Data Source: MLS PIN, MLS# 71693791

Frequently Asked Questions

When was property at 103 Gardens Drive built and last sold?
The property at 103 Gardens Drive was built in 1954 and last sold on Jan 1, 1970 for $140,000.
How much is this home worth?
The estimated value of the home located at 103 Gardens Drive is $155,451.
What are some comparable homes to 103 Gardens Drive?
There are currently no comparable homes to 103 Gardens Drive.
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