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Springfield 01119 Sixteen Acres
20 Martel Road
$118,000
● House - Off Market

20 Martel Road

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,790 Ft²
$402,601
RealtyHop Estimate
238.60%
Since Sep 1, 1998
National-US
Primary Model

About This Property

LOVELY COLONIAL WITH MUCH CARE. 7 ROOM, 3 BDRMS, 1 1/2 BATHS. ROOF,SIDING,FURNACE 8 YEARS. FAMILY ROOM OPEN TO GOURMET KIT., WOOD FLOOR, LARGE DECK, MANY APPLIANCES REMAIN FOR BUYER. GARAGE, PRO LANDSCAPE, LIVING RM W/ FPLC. CALL!
Unit Size
1,790 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$66
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1946

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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 years ago (MLSPIN #30225735)

Price History

Date / Event Date Event Price
Aug 19, 1998 Sold
Premium
Sold
May 26, 1998 Listed by Landmark, REALTORS® $118,900
Listed by Landmark, REALTORS®
May 2, 1988 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 352
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 2,142
  • Gross Building Area: 2,142
  • Building Area: 2,142
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,142
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000350
  • 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: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 83100008
  • Parcel: SPRI S:08310 P:0008
  • Municipality: SPRINGFIELD
  • Latitude: 42.1195
  • Longitude: -72.5071

    Address

  • Full Address: 20 Martel Rd
  • Address - House Number: 20
  • Address - Street Name: Martel
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 2436
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $573,100

    Appraisal Valuation

  • Standard Deviation: 0.244
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 349,357
  • High Value: 434,603
  • Low Value: 264,112

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $336,100
  • Assessed Land Value: $51,800
  • Assessed Improvements Value: $284,300

    Sales

  • Current Sale Recording Date: Aug 19, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 02, 1988
  • Previous Sale Amount: $110,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30225735

Frequently Asked Questions

When was property at 20 Martel Road built and last sold?
The property at 20 Martel Road was built in 1946 and last sold on Jan 1, 1970 for $118,000.
How much is this home worth?
The estimated value of the home located at 20 Martel Road is $0.
What are some comparable homes to 20 Martel Road?
There are currently no comparable homes to 20 Martel Road.
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