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Springfield 01109 Sixteen Acres
233 Garvey Dr
$172,000
● House - Off Market

233 Garvey Dr

Springfield, MA 01109
bedrooms
2 Beds
bathrooms
1 Bath
square feet
966 Ft²
$268,079
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Beautiful **WATERFRONT** Ranch style property with a spectacular view. The roof, hot water tank, and furnace are 10 +/- years old. Furnace is maintenanced annually.The LOT has ample frontage and parking. ***NO FLOOD INSURANCE REQUIRED!***
Unit Size
966 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$175
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1958

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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 #72227309)

Price History

Date / Event Date Event Price
Nov 9, 2017 Sold
Premium
Sold
Sep 11, 2017 Listed by Keller Williams Realty $169,000
Listed by Keller Williams Realty
Aug 25, 2006 Sold
Premium
Sold
May 22, 2006 Listed by Keller Williams Realty $169,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 13,059
  • Total Building Area: 966
  • Gross Building Area: 966
  • Building Area: 966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 966
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MASSASOIT LAKE ESTATES SEC E
  • Land Acres: 0000000300
  • 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: 55510076
  • Parcel: SPRI S:05551 P:0076
  • Municipality: SPRINGFIELD
  • Latitude: 42.1058
  • Longitude: -72.5305

    Address

  • Full Address: 233 Garvey Dr
  • Address - House Number: 233
  • Address - Street Name: Garvey
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C033
  • 4-Digit Zip Code: 1516
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $385,800

    Appraisal Valuation

  • Standard Deviation: 0.212
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 273,735
  • High Value: 331,770
  • Low Value: 215,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $226,300
  • Assessed Land Value: $50,900
  • Assessed Improvements Value: $175,400

    Sales

  • Current Sale Recording Date: Nov 09, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 66436
  • Previous Sale Recording Date: Aug 25, 2006
  • Previous Sale Amount: $165,000
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72227309

Frequently Asked Questions

When was property at 233 Garvey Drive built and last sold?
The property at 233 Garvey Drive was built in 1958 and last sold on Jan 1, 1970 for $171,000.
How much is this home worth?
The estimated value of the home located at 233 Garvey Drive is $173,982.
What are some comparable homes to 233 Garvey Drive?
There are currently no comparable homes to 233 Garvey Drive.
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