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Springfield 01119 Pine Point
215 Gresham St
$242,000
● House - Off Market

215 Gresham St

Springfield, MA 01119
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,796 Ft²
$368,662
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

A 2 year old colonial on a beautiful flat lot! Property features an open floor plan, 4 bedrooms, 1.5 bathrooms, hardwood floors, stainless steel kitchen appliances, granite countertops, breakfast bar, walk out deck, 1 car garage, and private fenced-in yard. Located on a quite street near by area amenities. 24-hour notice to show.
Unit Size
1,796 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$139
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
2017

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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 #72438115)

Price History

Date / Event Date Event Price
May 31, 2019 Sold
Premium
Sold
Jan 7, 2019 Listed by Interstate Realty Group, LLC $249,900
Listed by Interstate Realty Group, LLC
Apr 27, 2017 Sold
Premium
Sold
Jan 6, 2017 Listed by Interstate Realty Group, LLC $239,000
Listed by Interstate Realty Group, LLC

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,014
  • Total Building Area: 1,796
  • Gross Building Area: 1,796
  • Building Area: 1,796
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,796
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 801501

Zoning

  • Zoning: R1

Geography

  • Account Number: 60700071
  • Parcel: SPRI S:06070 P:0071
  • Municipality: SPRINGFIELD
  • Latitude: 42.1261
  • Longitude: -72.5239

    Address

  • Full Address: 215 Gresham St
  • Address - House Number: 215
  • Address - Street Name: Gresham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C025
  • 4-Digit Zip Code: 1469
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $499,900

    Appraisal Valuation

  • Standard Deviation: 0.2013
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 352,716
  • High Value: 423,730
  • Low Value: 281,701

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $293,200
  • Assessed Land Value: $29,500
  • Assessed Improvements Value: $263,700

    Sales

  • Current Sale Contract Date: May 28, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28780
  • Previous Sale Recording Date: Apr 27, 2017
  • Previous Sale Amount: $239,000
  • 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 Pine Point

Stats & Trends

Median Asking:

$298,500

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1379 ft²

Average Home Age

86.9 years

Currently For Sale

29 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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72438115

Frequently Asked Questions

When was property at 215 Gresham Street built and last sold?
The property at 215 Gresham Street was built in 2017 and last sold on May 28, 2019 for $242,000.
How much is this home worth?
The estimated value of the home located at 215 Gresham Street is $261,092.
What are some comparable homes to 215 Gresham Street?
There are currently no comparable homes to 215 Gresham Street.
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