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Springfield 01118 Sixteen Acres
141 Louis Rd
$260,000
● House - Off Market

141 Louis Rd

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,053 Ft²
$270,306
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

BACK ON MARKET due to buyer having a health issue the week of closing. Available for a quick closing. Ranch with 3 bedrooms, 1 bath in wonderful East Forest Park neighborhood, Hw floors, eat-in kitchen with granite countertops, partially finished basement with fireplace perfect for additional living space. New vinyl siding and roof (2019 APO), Sprinkler System, nice sized fenced yard with patio. This one wont last.  OFFER DEADLINE - MIdnight on Sunday 8/14/2022.
Unit Size
1,053 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$247
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1968

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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: 4 months ago (MLSPIN #72995467)

Price History

Date / Event Date Event Price
Sep 21, 2022 Sold
Premium
Sold
Jun 9, 2022 Listed by Executive Real Estate, Inc. $259,900
Listed by Executive Real Estate, Inc.
Jan 20, 2016 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 10,799
  • Total Building Area: 1,053
  • Gross Building Area: 1,053
  • Building Area: 1,053
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,053
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • 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: 801605

Zoning

  • Zoning: R1

Geography

  • Account Number: 79650094
  • Parcel: SPRI S:07965 P:0094
  • Municipality: SPRINGFIELD
  • Latitude: 42.0887
  • Longitude: -72.5116

    Address

  • Full Address: 141 Louis Rd
  • Address - House Number: 141
  • Address - Street Name: Louis
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C046
  • 4-Digit Zip Code: 2505
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $382,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2499
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 264,021
  • High Value: 330,020
  • Low Value: 198,022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $224,600
  • Assessed Land Value: $55,400
  • Assessed Improvements Value: $169,200

    Sales

  • Current Sale Contract Date: Sep 21, 2022
  • Current Sale Recording Date: Sep 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 56886
  • Previous Sale Recording Date: Jan 20, 2016
  • Previous Sale Amount: $130,000
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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: 4 months ago
Data Source: MLS PIN, MLS# 72995467

Frequently Asked Questions

When was property at 141 Louis Road built and last sold?
The property at 141 Louis Road was built in 1968 and last sold on Sep 21, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 141 Louis Road is $264,849.
What are some comparable homes to 141 Louis Road?
There are currently no comparable homes to 141 Louis Road.
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