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Springfield 01129 Sixteen Acres
238 Marmon St
$245,000
● House - Off Market

238 Marmon St

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,238 Ft²
$253,725
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Corner Lot Ranch, just perfect for the growing family. This ranch has a perfect family room addition that adds to the space of the house.  Large living room with 3 nice size bedroom  and walk out basement. A private backyard adds to the overall ambiance of this one.  Come take a look!! Reduction in price.
Unit Size
1,238 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$200
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1956

Payment Calculator

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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 #72965069)

Price History

Date / Event Date Event Price
Jul 1, 2022 Sold
Premium
Sold
Apr 9, 2022 Listed by Berkshire Hathaway HomeServices Realty Professionals $248,000
Listed by Berkshire Hathaway HomeServices Realty Professionals
Jul 26, 2010 Sold
Premium
Sold
Jun 16, 2010 Sold
Premium
Sold
Oct 26, 2009 Listed by Berkshire Hathaway HomeServices Realty Professionals $118,900
Listed by Berkshire Hathaway HomeServices Realty Professionals
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,206
  • Total Building Area: 1,238
  • Gross Building Area: 1,238
  • Building Area: 1,238
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,238
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000280
  • 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: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 82900097
  • Parcel: SPRI S:08290 P:0097
  • Municipality: SPRINGFIELD
  • Latitude: 42.1362
  • Longitude: -72.4908

    Address

  • Full Address: 238 Marmon St
  • Address - House Number: 238
  • Address - Street Name: Marmon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1324
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $394,000

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 280,637
  • High Value: 331,136
  • Low Value: 230,137

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $231,100
  • Assessed Land Value: $56,000
  • Assessed Improvements Value: $175,100

    Sales

  • Current Sale Contract Date: Jun 30, 2022
  • Current Sale Recording Date: Jul 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40186
  • Previous Sale Recording Date: Jun 16, 2010
  • Previous Sale Amount: $113,500
  • 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

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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# 72965069

Frequently Asked Questions

When was property at 238 Marmon Street built and last sold?
The property at 238 Marmon Street was built in 1956 and last sold on Jun 30, 2022 for $245,000.
How much is this home worth?
The estimated value of the home located at 238 Marmon Street is $250,694.
What are some comparable homes to 238 Marmon Street?
There are currently no comparable homes to 238 Marmon Street.
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