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Springfield 01104 Liberty Heights
124 Merrimac Ave
$74,900
● House - Off Market

124 Merrimac Ave

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,155 Ft²
$157,267
RealtyHop Estimate
109.97%
Since Mar 1, 2013
National-US
Primary Model

About This Property

$1000 Bonus to Selling Agency on accepted owner occupied offers from 11/15/12-02/28/13!! (Must close by April 15, 2013 or bonus is void)Check out the brand new kitchen in this great 6 rm REO Owned Cape on nice street! Freshly painted interior with new carpeting, new bathtub, new roof on garage and more! 3% in closing costs offered for owner occupied financed buyers and $500 towards a home warranty of the buyers choice (Owner Occupied). Offers must have preapproval letter or proof of funds
Unit Size
1,155 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$65
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1951

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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 #71462397)

Price History

Date / Event Date Event Price
Feb 5, 2013 Sold
Premium
Sold
Dec 4, 2012 Listed by Universal Real Estate Services, Inc. $74,900
Listed by Universal Real Estate Services, Inc.
Apr 9, 2012 Sold
Premium
Sold
Jun 30, 2000 Sold
Premium
Sold
Apr 4, 2000 Listed $89,900
Listed
3 BEDROOM BRICK CAPE WITH 1 1/2 BATH...NEWER WINDOWS & ROOF ENCLOSED SIDE PORCH, LIVINGRM/FPLACE, FORMAL DININGRM, ONE CAR GARAGE......................PROPERTY BEING SOLD AS-IS... PROPERTY ELIGIBLE FOR FANNIE MAE SPECIAL FINANCING..........

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,155
  • Gross Building Area: 1,155
  • Building Area: 1,155
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,155
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ST JAMES TERRACE ADD 01
  • Land Acres: 0000000190
  • 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: 85700027
  • Parcel: SPRI S:08570 P:0027
  • Municipality: SPRINGFIELD
  • Latitude: 42.1286
  • Longitude: -72.5716

    Address

  • Full Address: 124 Merrimac Ave
  • Address - House Number: 124
  • Address - Street Name: Merrimac
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2756
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $294,300

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 68
  • Final Value: 237,988
  • High Value: 291,511
  • Low Value: 184,466

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $172,600
  • Assessed Land Value: $34,700
  • Assessed Improvements Value: $137,900

    Sales

  • Current Sale Recording Date: Feb 05, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Apr 09, 2012
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 34
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:

$310,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1654 ft²

Average Home Age

93.7 years

Currently For Sale

38 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# 71462397

Frequently Asked Questions

When was property at 124 Merrimac Avenue built and last sold?
The property at 124 Merrimac Avenue was built in 1951 and last sold on Jan 1, 1970 for $74,900.
How much is this home worth?
The estimated value of the home located at 124 Merrimac Avenue is $84,710.
What are some comparable homes to 124 Merrimac Avenue?
There are currently no comparable homes to 124 Merrimac Avenue.
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