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Springfield 01119 Sixteen Acres
21 Balboa Dr
$255,000
● House - Off Market

21 Balboa Dr

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,044 Ft²
$1,564
Est. Monthly

About This Property

Welcome to this one-owner, three-bedroom, one-bath ranch positioned on a gentle hill, in the sought-after Sixteen Acres neighborhood. This well-maintained home features a finished basement, a two-car garage, and a unique advantage – a small backyard offering privacy, and low maintenance. Don't miss the chance to make this charming property your own!
Unit Size
1,044 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$244
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1977

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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 #73167330)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold
Premium
Sold
Dec 6, 2023 In contract -
In contract
Nov 25, 2023 Price Decreased $255,000
↓ $14K (5.2%)
Price Decreased
Nov 12, 2023 Price Decreased $269,000
↓ $13K (4.6%)
Price Decreased
Oct 27, 2023 Price Decreased $282,000
↓ $5K (1.7%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,126
  • Total Building Area: 1,044
  • Gross Building Area: 1,044
  • Building Area: 1,044
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,044
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000210
  • 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: 8850100
  • Parcel: SPRI S:00885 P:0100
  • Municipality: SPRINGFIELD
  • Latitude: 42.1081
  • Longitude: -72.508

    Address

  • Full Address: 21 Balboa Dr
  • Address - House Number: 21
  • Address - Street Name: Balboa
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C032
  • 4-Digit Zip Code: 2964
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $374,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 257,421
  • High Value: 279,808
  • Low Value: 235,033

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $219,500
  • Assessed Land Value: $49,300
  • Assessed Improvements Value: $170,200

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60783
  • Previous Sale Recording Date: May 27, 1975
  • Previous Sale Amount: $4,200
  • 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 months ago
Data Source: MLS PIN, MLS# 73167330

Frequently Asked Questions

When was property at 21 Balboa Drive built and last sold?
The property at 21 Balboa Drive was built in 1977 and last sold on Dec 21, 2023 for $255,000.
How much is this home worth?
The estimated value of the home located at 21 Balboa Drive is $259,750.
What are some comparable homes to 21 Balboa Drive?
There are currently no comparable homes to 21 Balboa Drive.
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