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Springfield 01109 Bay
15 Cortland St
$164,500
● House - Off Market

15 Cortland St

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,678 Ft²
$238,211
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Very large vinyl sided Colonial with front porch. New flooring throughout. Renovated kitchen and bathroom. In-law potential in basement with 3/4 bathroom and separate entrance. All new windows. New plumbing. Laundry room with hook up connections for electric dryer. New gutters installed. Close to Colleges and Mass Mutual and lots of shopping and restaurant. Easy access to major highways.  House is newly painted. Ready to  move in.
Unit Size
1,678 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$101
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1900

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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 #72640738)

Price History

Date / Event Date Event Price
Jun 29, 2020 Sold
Premium
Sold
Apr 3, 2020 Listed by ARO Realty $169,900
Listed by ARO Realty
Jan 28, 2020 Sold
Premium
Sold
Jul 26, 2019 Sold
Premium
Sold
Jun 25, 2019 Listed by ARO Realty $65,000
Listed by ARO Realty

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 4,086
  • Total Building Area: 1,542
  • Gross Building Area: 1,542
  • Building Area: 1,542
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,542
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • 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: 801401

Zoning

  • Zoning: R2

Geography

  • Account Number: 33000082
  • Parcel: SPRI S:03300 P:0082
  • Municipality: SPRINGFIELD
  • Latitude: 42.1153
  • Longitude: -72.554

    Address

  • Full Address: 15 Cortland St
  • Address - House Number: 15
  • Address - Street Name: Cortland
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C013
  • 4-Digit Zip Code: 2412
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $220,100

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 226,010
  • High Value: 275,794
  • Low Value: 176,227

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $129,100
  • Assessed Land Value: $26,500
  • Assessed Improvements Value: $102,600

    Sales

  • Current Sale Contract Date: Jun 22, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 34341
  • Previous Sale Recording Date: Jan 28, 2020
  • Previous Sale Contract Date: Jan 28, 2020
  • Previous Sale Amount: $66,500
  • 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 Bay

Stats & Trends

Median Asking:

$313,950

Sale Price/ft²

$163

Above Asking

95.53%

Average Days on Market

78

Average Home Size

2190 ft²

Average Home Age

86.1 years

Currently For Sale

10 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# 72640738

Frequently Asked Questions

When was property at 15 Cortland Street built and last sold?
The property at 15 Cortland Street was built in 1900 and last sold on Jun 22, 2020 for $164,500.
How much is this home worth?
The estimated value of the home located at 15 Cortland Street is $176,975.
What are some comparable homes to 15 Cortland Street?
There are currently no comparable homes to 15 Cortland Street.
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