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Springfield 01104 Liberty Heights
111 Drexel Street
$245,000
● House - Off Market

111 Drexel Street

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
1 Bath
square feet
936 Ft²
$226,548
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

***Highest and Best by 3:00 Monday 2/14/22***This is a must see Ranch on a quiet street in Springfield.  This beauty feels a lot bigger than it is.  You won't be disappointed with its enclosed porch, 3 bedrooms, 1 recently remodeled bathroom, full basement which has potential of being finished,  and wood floors throughout.    You will be pleasantly surprised with its many updates such as, new roof 2021, completely insulated attic in 2020, bathroom was completely remodeled in 2019, new storm doors and exterior doors just put in. Come see for yourself first showings at open house Saturday and Sunday 2/12-2/13
Unit Size
936 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$235
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1954

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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: 4 months ago (MLSPIN #72941017)

Price History

Date / Event Date Event Price
Mar 31, 2022 Sold
Premium
Sold
Feb 9, 2022 Listed by ROVI Homes $220,000
Listed by ROVI Homes
Dec 15, 2015 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 12,402
  • Total Building Area: 936
  • Gross Building Area: 936
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000285
  • 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: 800300

Zoning

  • Zoning: R1

Geography

  • Account Number: 41000089
  • Parcel: SPRI S:04100 P:0089
  • Municipality: SPRINGFIELD
  • Latitude: 42.1278
  • Longitude: -72.573

    Address

  • Full Address: 111 Drexel St
  • Address - House Number: 111
  • Address - Street Name: Drexel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 2019
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $287,800

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 248,156
  • High Value: 302,076
  • Low Value: 194,236

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,800
  • Assessed Land Value: $35,900
  • Assessed Improvements Value: $132,900

    Sales

  • Current Sale Contract Date: Mar 31, 2022
  • Current Sale Recording Date: Mar 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 19576
  • Previous Sale Recording Date: Nov 20, 2018
  • Previous Sale Document Type: 27
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 Liberty Heights

Stats & Trends

Median Asking:

$309,900

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1869 ft²

Average Home Age

93.6 years

Currently For Sale

34 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: 4 months ago
Data Source: MLS PIN, MLS# 72941017

Frequently Asked Questions

When was property at 111 Drexel Street built and last sold?
The property at 111 Drexel Street was built in 1954 and last sold on Mar 31, 2022 for $245,000.
How much is this home worth?
The estimated value of the home located at 111 Drexel Street is $223,025.
What are some comparable homes to 111 Drexel Street?
There are currently no comparable homes to 111 Drexel Street.
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