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Springfield 01109 McKnight
15 Ripley Pl
$72,500
● House - Off Market

15 Ripley Pl

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,319 Ft²
$128,669
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

This beautiful Victorian home looks like a dollhouse with elaborate trim, color & interior modern updates. This gracious home is situated on a dead street with an additional lot, which offers great privacy; it is also located just a few minutes from the heart of the city. The elegant foyer, formal dining room & living room are built with hardwood floors as well as charming woodwork, built-ins & 2nd floor landing with decorative leaded windows which offer an inviting atmosphere filled with history. The master room as been renovated from top to bottom. Updates include updated gas heating, a hot water tank, electrical updates & all new exterior pine siding completely de-leaded, . This 7 room, 3 bedroom home is in moving condition & ready for its new owner.  Motivated Seller!
Unit Size
1,319 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$55
Property Type
House
Property Taxes
$90
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 #71873491)

Price History

Date / Event Date Event Price
Sep 29, 2015 Sold
Premium
Sold
Jul 15, 2015 Listed by Eight Residential, LLC $72,500
Listed by Eight Residential, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • 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: 2,596
  • Total Building Area: 1,319
  • Gross Building Area: 1,319
  • Building Area: 1,319
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,319
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000060
  • 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: 801300

Zoning

  • Zoning: R2

Geography

  • Account Number: 102400008
  • Parcel: SPRI S:10240 P:0008
  • Municipality: SPRINGFIELD
  • Latitude: 42.1112
  • Longitude: -72.5733

    Address

  • Full Address: 15 Ripley Pl
  • Address - House Number: 15
  • Address - Street Name: Ripley
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Springfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 3904
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $192,300

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 186,591
  • High Value: 227,692
  • Low Value: 145,491

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,800
  • Assessed Land Value: $20,100
  • Assessed Improvements Value: $92,700

    Sales

  • Current Sale Recording Date: Sep 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 54752
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 McKnight

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$132

Below Asking

0.02%

Average Days on Market

67

Average Home Size

3365 ft²

Average Home Age

126.2 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71873491

Frequently Asked Questions

When was property at 15 Ripley Place built and last sold?
The property at 15 Ripley Place was built in 1900 and last sold on Jan 1, 1970 for $72,500.
How much is this home worth?
The estimated value of the home located at 15 Ripley Place is $73,225.
What are some comparable homes to 15 Ripley Place?
There are currently no comparable homes to 15 Ripley Place.
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