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Springfield 01128 Sixteen Acres
24 Butternut Street
$138,000
● House - Off Market

24 Butternut Street

Springfield, MA 01128
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,008 Ft²
$313,200
RealtyHop Estimate
123.87%
Since Nov 1, 2003
National-US
Primary Model

About This Property

IMMACULATE 5 ROOM, 3 BEDROOM HOUSE IN NICE NEIGHBORHOOD. LARGE EAT-IN KITCHEN, OVERSIZED REC ROOM WITH 1/2 BATH. GREAT FOR FAMILY GATHERINGS. NICE SIZED LOT WITH TREES AND PARTIAL FENCING. READY TO MOVE IN!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$139
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985

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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 years ago (MLSPIN #30749081)

Price History

Date / Event Date Event Price
Feb 3, 2009 Sold
Premium
Sold
Oct 29, 2003 Sold
Premium
Sold
Jul 24, 2003 Listed by Executive Real Estate, Inc. $139,900
Listed by Executive Real Estate, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 10,624
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000244
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 21650005
  • Parcel: SPRI S:02165 P:0005
  • Municipality: SPRINGFIELD
  • Latitude: 42.0977
  • Longitude: -72.4872

    Address

  • Full Address: 24 Butternut St
  • Address - House Number: 24
  • Address - Street Name: Butternut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C034
  • 4-Digit Zip Code: 1049
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $356,900

    Appraisal Valuation

  • Standard Deviation: 0.1998
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 272,532
  • High Value: 327,010
  • Low Value: 218,055

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $209,300
  • Assessed Land Value: $57,500
  • Assessed Improvements Value: $151,800

    Sales

  • Current Sale Recording Date: Feb 03, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5644
  • Previous Sale Recording Date: Oct 29, 2003
  • Previous Sale Amount: $138,000
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30749081

Frequently Asked Questions

When was property at 24 Butternut Street built and last sold?
The property at 24 Butternut Street was built in 1985 and last sold on Jan 1, 1970 for $13,500.
How much is this home worth?
The estimated value of the home located at 24 Butternut Street is $0.
What are some comparable homes to 24 Butternut Street?
There are currently no comparable homes to 24 Butternut Street.
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