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Springfield 01109 Sixteen Acres
216 Greenaway
$100,000
● House - Off Market

216 Greenaway

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,175 Ft²
$158,951
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Classic Sixteen Acres Ranch style house with an attached carport and fenced rear yard. Priced $40,000 below city assessed value due to cosmetic update needs. This is an ideal project for either an investor or an owner occupant using a rehab loan to both purchase the house and have the funds to repair it. Ask your agent for details. The basement also has some partially finished areas as well. The Seller must comply with HUD Guidelines 24 CRF 206.125 and property is sold AS IS.
Unit Size
1,175 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$85
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1953

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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 #72181363)

Price History

Date / Event Date Event Price
Oct 13, 2017 Sold
Premium
Sold
Jun 13, 2017 Listed by Coldwell Banker Residential Brokerage - Longmeadow $100,000
Listed by Coldwell Banker Residential Brokerage - Longmeadow
Apr 13, 2017 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 8,716
  • Total Building Area: 1,175
  • Gross Building Area: 1,175
  • Building Area: 1,175
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,175
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • 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: 60150012
  • Parcel: SPRI S:06015 P:0012
  • Municipality: SPRINGFIELD
  • Latitude: 42.1105
  • Longitude: -72.5239

    Address

  • Full Address: 216 Greenaway Dr
  • Address - House Number: 216
  • Address - Street Name: Greenaway
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C033
  • 4-Digit Zip Code: 1551
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $372,200

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 268,502
  • High Value: 316,817
  • Low Value: 220,186

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $218,300
  • Assessed Land Value: $49,200
  • Assessed Improvements Value: $169,100

    Sales

  • Current Sale Recording Date: Oct 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 60555
  • Previous Sale Recording Date: Apr 13, 2017
  • Previous Sale Amount: $119,000
  • Previous Sale Document Type: 34
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72181363

Frequently Asked Questions

When was property at 216 Greenaway Drive built and last sold?
The property at 216 Greenaway Drive was built in 1953 and last sold on Jan 1, 1970 for $100,000.
How much is this home worth?
The estimated value of the home located at 216 Greenaway Drive is $112,618.
What are some comparable homes to 216 Greenaway Drive?
There are currently no comparable homes to 216 Greenaway Drive.
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