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Springfield 01109 Pine Point
131 Berkshire Avenue
$275,000
● House - Off Market

131 Berkshire Avenue

Springfield, MA 01109
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,564 Ft²
$268,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Come see this lovely 3 bedroom, 2 bath, fully renovated single family home. This recently remodeled home has several amazing spaces in the finished basement, containing an additional living space, family room, laundry room, and utility room! There is a huge fenced in yard and a fully accessible attached garage. The breezeway offers a perfect space as well! 2,000$ sellers concession credit. 1,000$ credit to purchase a new refrigerator.
Unit Size
1,564 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$171
Property Type
House
Property Taxes
$198
HOA Dues
-
Year Built
1950

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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 #73165360)

Price History

Date / Event Date Event Price
Nov 22, 2023 Sold
Premium
Sold
Oct 28, 2023 In contract -
In contract
Sep 30, 2023 Listed by Lowe & Lowe Realty Co. $268,000
Listed by Lowe & Lowe Realty Co.
Aug 31, 2022 Sold
Premium
Sold
Jun 8, 2022 Listed by Lowe & Lowe Realty Co. $129,900
Listed by Lowe & Lowe Realty Co.
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,278
  • Total Building Area: 784
  • Gross Building Area: 784
  • Building Area: 784
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 784
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000213
  • 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: 801501

Zoning

  • Zoning: R1

Geography

  • Account Number: 13400512
  • Parcel: SPRI S:01340 P:0512
  • Municipality: SPRINGFIELD
  • Latitude: 42.1264
  • Longitude: -72.5366

    Address

  • Full Address: 131 Berkshire Ave
  • Address - House Number: 131
  • Address - Street Name: Berkshire
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C027
  • 4-Digit Zip Code: 1749
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $237,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 270,147
  • High Value: 293,641
  • Low Value: 246,652

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $139,300
  • Assessed Land Value: $31,400
  • Assessed Improvements Value: $107,900

    Sales

  • Current Sale Contract Date: Nov 22, 2023
  • Current Sale Recording Date: Nov 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 56048
  • Previous Sale Recording Date: Aug 31, 2022
  • Previous Sale Contract Date: Aug 31, 2022
  • Previous Sale Amount: $151,000
  • 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 Pine Point

Stats & Trends

Median Asking:

$296,500

Sale Price/ft²

$237

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1393 ft²

Average Home Age

87.2 years

Currently For Sale

26 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

Currently no nearby rentals
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73165360

Frequently Asked Questions

When was property at 131 Berkshire Avenue built and last sold?
The property at 131 Berkshire Avenue was built in 1950 and last sold on Nov 22, 2023 for $275,000.
How much is this home worth?
The estimated value of the home located at 131 Berkshire Avenue is $270,214.
What are some comparable homes to 131 Berkshire Avenue?
There are currently no comparable homes to 131 Berkshire Avenue.
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