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West Springfield Town 01089
116 Greystone Ave.
$325,000
● House - Off Market

116 Greystone Ave.

West Springfield, MA 01089
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,562 Ft²
$1,901
Est. Monthly

About This Property

WELCOME HOME! This 3-bed, 2-bath cape home has been freshly updated and is ready for you to move in and enjoy. So many updates have been done, so you don't have to! The home also offers a 4-season mudroom/porch and a finished room in the basement. The central heat and air conditioning will keep your time at home comfortable all year long. With a convenient location off Route 20 in the Tatham school district of West Springfield, this home is ready for you to make it your own! OFFER DEADLINE 1/13/24 AT 12PM
Unit Size
1,562 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$205
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1958

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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: 5 months ago (MLSPIN #73190076)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Jan 13, 2024 In contract -
In contract
Jan 2, 2024 Listed by Cornerstone Realty, LLC $319,900
Listed by Cornerstone Realty, LLC
Sep 29, 2023 Sold
Premium
Sold
Feb 17, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 1,562
  • Gross Building Area: 2,864
  • Building Area: 1,562
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,562
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAWNCROFT
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: West Springfield School District
  • School Tax School District: W SPRINGFLD SD
  • Census Tract: 812401

Geography

  • Account Number: 285-17250-K1-001
  • District: 325
  • Parcel: WSPR M:00285 B:17250 L:000K1
  • Block: 17250
  • Lot: K1
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1075
  • Longitude: -72.6675

    Address

  • Full Address: 116 Greystone Ave
  • Address - House Number: 116
  • Address - Street Name: Greystone
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: West Springfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 1908
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $427,300

    Appraisal Valuation

  • Standard Deviation: 0.0861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 322,691
  • High Value: 350,487
  • Low Value: 294,895

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $288,500
  • Assessed Land Value: $107,700
  • Assessed Improvements Value: $180,800

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8758
  • Previous Sale Recording Date: Sep 29, 2023
  • Previous Sale Contract Date: Sep 29, 2023
  • Previous Sale Amount: $212,200
  • Previous Sale Document Type: 71
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 West Springfield Town

Stats & Trends

Median Asking:

$367,244

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2026 ft²

Average Home Age

72.5 years

Currently For Sale

33 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# 73190076

Frequently Asked Questions

When was property at 116 Greystone Avenue built and last sold?
The property at 116 Greystone Avenue was built in 1958 and last sold on Feb 29, 2024 for $325,000.
How much is this home worth?
The estimated value of the home located at 116 Greystone Avenue is $318,798.
What are some comparable homes to 116 Greystone Avenue?
There are currently no comparable homes to 116 Greystone Avenue.
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