For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Springfield 01128 Sixteen Acres
198 Hanson Dr.
$240,000
● House - Off Market

198 Hanson Dr.

Springfield, MA 01128
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$254,187
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Pride of ownership shows in this 16 Acres ranch with vaulted ceilings. Sunny living room with bay window. Open eat-in kitchen comes fully applianced with sliders leading to an outdoor deck. Rooms have been freshly painted. This home comes with new windows that are warrantied (installed in 2014-2015). Kitchen updated in 2017, bathroom updated in 2020.Every room has its own thermostat, 3 of which run on Wifi. Insulation was blown-in (approx. 12 inch thick, per owner). Home features whole house fan. The cellar is 3/4 finished and has a large play room, a pellet stove, a laundry room, and a storage room. Large yard is fenced, and comes with builtin fire-pit, and shed. Home has a 1 car detached garage. Dead end street. Offers must be in Wednesday Nov.10th at 8:00 PM.
Unit Size
960 Ft²
Days on Market
-
Land Size
-
Price per sqft
$245
Property Type
House
Property Taxes
$168
HOA Dues
-
Year Built
1973

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72917076)

Price History

Date / Event Date Event Price
Jan 7, 2022 Sold
Premium
Sold
Nov 5, 2021 Listed by Thompson Real Estate Group $235,000
Listed by Thompson Real Estate Group
Oct 2, 2015 Sold
Premium
Sold
Jul 6, 2015 Listed by Thompson Real Estate Group $154,900
Listed by Thompson Real Estate Group
Mar 11, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 2010
  • 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: 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,545
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 960
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRINGFIELD
  • Land Acres: 0000000334
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 62750040
  • Parcel: SPRI S:06275 P:0040
  • Municipality: SPRINGFIELD
  • Latitude: 42.1025
  • Longitude: -72.484

    Address

  • Full Address: 198 Hanson Dr
  • Address - House Number: 198
  • Address - Street Name: Hanson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1033
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $374,400

    Appraisal Valuation

  • Standard Deviation: 0.244
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 258,437
  • High Value: 321,497
  • Low Value: 195,377

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $219,600
  • Assessed Land Value: $59,300
  • Assessed Improvements Value: $160,300

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1259
  • Previous Sale Recording Date: Oct 02, 2015
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: O
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:

$322,500

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1246 ft²

Average Home Age

52.6 years

Currently For Sale

18 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72917076

Frequently Asked Questions

When was property at 198 Hanson Drive built and last sold?
The property at 198 Hanson Drive was built in 1973 and last sold on Jan 7, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 198 Hanson Drive is $233,953.
What are some comparable homes to 198 Hanson Drive?
There are currently no comparable homes to 198 Hanson Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Springfield Homes for Sale
Springfield Houses for Sale
Springfield Condos for Sale
Springfield Co-Ops for Sale
Springfield Townhouses for Sale
Springfield Multifamily for Sale
Springfield Land for Sale
Springfield Commercial for Sale
Nearby Cities
Chicopee Homes for Sale
Westfield Homes for Sale
Agawam Town Homes for Sale
West Springfield Town Homes for Sale
Holyoke Homes for Sale
Longmeadow Homes for Sale
Wilbraham Homes for Sale
Thompsonville Homes for Sale
Nearby Property Records
Hampden County, MA Property Records
Hampshire County, MA Property Records
Tolland County, CT Property Records
Hartford County, CT Property Records
Franklin County, MA Property Records
Windham County, CT Property Records
Berkshire County, MA Property Records
Worcester County, MA Property Records
Neighborhoods
Forest Park Real Estate
Sixteen Acres Real Estate
East Forest Park Real Estate
Liberty Heights Real Estate
Pine Point Real Estate
East Springfield Real Estate
Indian Orchard Real Estate
Boston Road Real Estate
Nearby Counties
Chicopee Homes for Sale
Westfield Homes for Sale
Agawam Town Homes for Sale
West Springfield Town Homes for Sale
Holyoke Homes for Sale
Longmeadow Homes for Sale
Ludlow Homes for Sale
East Longmeadow Homes for Sale
Top Real Estate Agents
Top Agents in Sixteen Acres
Top Agents in Springfield
Top Agents in Chicopee
Top Agents in Chicopee
Top Agents in Westfield
Top Agents in Westfield
Top Agents in Agawam Town
Top Agents in Agawam Town