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Springfield 01119 Sixteen Acres
150 Old Farm
$205,000
● House - Off Market

150 Old Farm

Springfield, MA 01119
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,512 Ft²
$218,901
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Meticulously cared for by the same owner for 47 years! Great location for this well kept expandable Cape. The large 3 season porch with sliders opens up to a patio area in the very private back yard with beautiful mature plantings. Dining area, bedrooms and living room with fireplace all have hardwood floors (carpet over hardwood in LR). Newer oil boiler located in the very clean finished basement. There is also a dedicated laundry room, office and wet bar. Property being sold "as-is".
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$129
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #72881308)

Price History

Date / Event Date Event Price
Oct 8, 2021 Sold
Premium
Sold
Aug 13, 2021 Listed by Executive Real Estate, Inc. $194,500
Listed by Executive Real Estate, Inc.

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • 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: 8,799
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • 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: 801601

Zoning

  • Zoning: R1

Geography

  • Account Number: 92650019
  • Parcel: SPRI S:09265 P:0019
  • Municipality: SPRINGFIELD
  • Latitude: 42.1081
  • Longitude: -72.5182

    Address

  • Full Address: 150 Old Farm Rd
  • Address - House Number: 150
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2842
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $305,000

    Appraisal Valuation

  • Standard Deviation: 0.2094
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 234,662
  • High Value: 283,807
  • Low Value: 185,518

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $178,900
  • Assessed Land Value: $49,200
  • Assessed Improvements Value: $129,700

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71532
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:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1334 ft²

Average Home Age

53.5 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72881308

Frequently Asked Questions

When was property at 150 Old Farm Road built and last sold?
The property at 150 Old Farm Road was built in 1951 and last sold on Oct 8, 2021 for $205,000.
How much is this home worth?
The estimated value of the home located at 150 Old Farm Road is $205,394.
What are some comparable homes to 150 Old Farm Road?
There are currently no comparable homes to 150 Old Farm Road.
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