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Springfield 01118 Sixteen Acres
18 Hillside Dr
$71,000
● House - Off Market

18 Hillside Dr

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,266 Ft²
$73,313
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

This home needs major work as reflected in the price!  ****THIS IS AN ESTATE SALE**** THE SELLER WILL ONLY CONSIDER CASH AS IS OFFERS***.  There are current code violations that will be the responsibility of the buyer!  Roof partially collapsing , possible mold, enter at your own risk.  Buyer to verify all uses with the City of Springfield.  Seller has not lived in the property for many years.  The Seller is not making any representations, warrantees or guarantees!  The home sits on a very nice lot in a popular neighborhood and could bring a nice return for the right buyer.  The home has a walk out basement for added possibilities. Contents that remain the day of the closing will be the responsibility of the buyer.
Unit Size
1,266 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$39
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1958

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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 #72504916)

Price History

Date / Event Date Event Price
Aug 22, 2019 Sold
Premium
Sold
May 22, 2019 Listed by Real Living Realty Professionals, LLC $50,000
Listed by Real Living Realty Professionals, LLC
Feb 9, 2011 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,435
  • Total Building Area: 1,266
  • Gross Building Area: 1,266
  • Building Area: 1,266
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,266
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • 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: 66290005
  • Parcel: SPRI S:06629 P:0005
  • Municipality: SPRINGFIELD
  • Latitude: 42.0912
  • Longitude: -72.5096

    Address

  • Full Address: 18 Hillside Dr
  • Address - House Number: 18
  • Address - Street Name: Hillside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C046
  • 4-Digit Zip Code: 2613
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $310,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 231,298
  • High Value: 280,651
  • Low Value: 181,945

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,800
  • Assessed Land Value: $54,800
  • Assessed Improvements Value: $127,000

    Sales

  • Current Sale Contract Date: Aug 21, 2019
  • Current Sale Recording Date: Aug 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 47541
  • Previous Sale Recording Date: Feb 09, 2011
  • Previous Sale Amount: $954
  • Previous Sale Document Type: 27
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:

$324,999

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1240 ft²

Average Home Age

53.6 years

Currently For Sale

19 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: 4 months ago
Data Source: MLS PIN, MLS# 72504916

Frequently Asked Questions

When was property at 18 Hillside Drive built and last sold?
The property at 18 Hillside Drive was built in 1958 and last sold on Aug 21, 2019 for $71,000.
How much is this home worth?
The estimated value of the home located at 18 Hillside Drive is $67,402.
What are some comparable homes to 18 Hillside Drive?
There are currently no comparable homes to 18 Hillside Drive.
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